1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • Seadrill Limited – Operations halt on West Navigator

    28 January 2008

    During a planned disconnection from the well due to deteriorating weather, the drillship West Navigator suffered damages to the BOP (Blow Out Preventor) and the sub sea equipment. As a result, the drilling on West Navigator is temporarily halted. The extent of the damages and the subsequent repair time are uncertain at this point.

  • Bermuda: Seadrill Announces Changes to Board Composition

    31 December 2010
    Business & Finance

    Mr. Kjell E Jacobsen has served notice that he would like to retire from the Board of Seadrill Limited effective from December 31, 2010. Mr. Jacobsen started to work for offshore drilling company Smedvig in 1991 and was the Company’s CEO from end of 2001 to 2006. In 2006, Mr. Jacobsen was instrumental in order […]

  • Seadrill Limited Sells T15 Tender Rig

    7 May 2013
    Business & Finance

    Seadrill Limited (“Seadrill) has today entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be […]

  • Norway: Seadrill Bullish on Outlook for Drilling Services

    14 May 2012
    Business & Finance

    Seadrill, one of the largest drilling contractors in the world reported consolidated revenues for the first quarter of 2012 of US$1,050 million as compared to US$1,059 million in the fourth quarter 2011. The company, that boasts with a versatile fleet of 63 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs reported operating […]

  • Seadrill enters first phase of refinancing plan

    29 April 2016
    Business & Finance

    Deepwater drilling contractor Seadrill has reached an agreement with its banking group to extend its three nearest maturing borrowing facilities and amend certain covenants across its secured credit facilities, as the first phase of a broader plan to refinance and recapitalize the business. According to the company’s press release on Friday, the facility extensions relate to: […]

  • Seadrill Partners Raising Cash for Rig Acquisitions

    4 December 2013
    Business & Finance

    Seadrill Partners LLC  announced today that it priced its offering of 11,200,000 common units representing liability company interests in a public offering at a price of $29.50 per common unit. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,680,000 common units.   In addition, and concurrently with the […]

  • Seadrill willing to ‘modify’ current rig contracts

    26 February 2015
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill Limited has today reported a drop in its fourth quarter revenues. The company’s 4Q 2014 revenues were $1.26 billion, compared to $1.46 billion in the corresponding period of 2013. The company’s 4Q net income was $150 million, versus $281 million a year ago. The drilling companies are facing hard times ahead, […]

  • Statoil hires Seadrill drillship for drilling in Brazil

    13 July 2017
    Business & Finance, Exploration & Production

    Offshore driller Seadrill has secured a firm contract for one well and one drill stem test with Statoil for the West Saturn drillship in Brazil. According to Statoil’s statement on Thursday, the exploration drilling with the Seadrill rig will be done in the BM-S-8 license in the Santos basin offshore Brazil, which contains parts of the […]

  • Seadrill bags drilling rig gig in Gabon

    17 July 2019
    Business & Finance, Exploration & Production

    The 6th generation drillship was delivered from the Samsung shipyard in 2008.

  • Billionaire Fredriksen steps down as Seadrill Chairman

    21 November 2019
    Business & Finance, Exploration & Production

    “My close involvement and strong support of Seadrill will remain unchanged.”

  • Seadrill pauses rigs orders. Cuts dividend

    26 November 2014
    Exploration & Production

    Seadrill will refrain from ordering new offshore rigs in the near future due to the challenging market conditions for offshore drilling contractors. The company also announced it would put dividend distributions on ice. The company, one of the world’s largest offshore drilling contractors, which currently has 16 offshore drilling rigs under construction, said it would wait […]

  • Bankruptcy court confirms Seadrill’s reorganization plan

    18 April 2018
    Business & Finance

    Seadrill’s plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

  • Seadrill and Sapura targeted in Brazilian bribery probe

    24 September 2020
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Rules & Regulation

    Offshore drilling contractor Seadrill and oilfield services provider Sapura Energy are being investigated by the police in relation to the Brazilian Car Wash corruption probe.

  • Sevan Drilling Shareholders Snub Seadrill Offer

    23 August 2013

    Seadrill, a drilling contractor owned by John Fredriksen, a Norwegian-born Cypriot oil tanker and shipping tycoon, has failed in an attempt to takeover all the shares in Sevan Drilling company. In a filing to the Oslo Stock Exchange, the drilling contractor announced that it has received acceptances of the offer of NOK 3.95 per share of totalling 47,394 shares, representing approximately […]

  • Seadrill Sells Two Semi-Submersible Rigs

    3 December 2013
    Business & Finance

    Seadrill Limited announced yesterday that it has entered into an agreement with Seadrill Partners (Seadrill Partners) pursuant to which the Company will sell to Seadrill Operating LP, the Company’s 70% owned subsidiary (Seadrill Operating), all of the ownership interests in the entities that own and operate the semi-submersible drilling rig, the West Leo (Leo Dropdown), […]

  • Seadrill Partners announces common units offering

    19 June 2014

    Seadrill Partners LLC  plans to offer 6,100,000 common units representing limited liability company interests in a public offering. In addition, Seadrill Limited (“Seadrill”) has agreed to purchase directly from Seadrill Partners, in a private placement, at least $100.0 million of common units to close concurrently with the public offering of common units. The Company intends […]

  • Odfjell Drilling to replace Seadrill as manager for another rig

    21 February 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Rules & Regulation

    Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.

  • With Aquadrill acquisition in the bag, Seadrill expands its rig fleet

    4 April 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Offshore drilling contractor Seadrill has completed the acquisition of Aquadrill, formerly known as Seadrill Partners.

  • Seadrill: Offshore drilling market recovering, but at ‘lower pace’

    21 November 2019
    Exploration & Production

    Offshore drilling company Seadrill has painted a cautiously optimistic picture for the offshore drilling market outlook, with the company seeing an opportunity for high-end floaters as well as for jack-up reactivations in 2020.

  • Seadrill appoints two new board members

    11 January 2017
    Business & Finance

    Offshore drilling contractor Seadrill has named two new members to the board of directors, effective from January 10, 2017. Seadrill said on Wednesday that Michael Grant and David Weinstein bring additional industry and cross-border transaction expertise to the company. Grant has held senior management positions in several companies including Al Jaber Group (UAE), Cable & Wireless […]

  • Chinese property tycoon increases Seadrill stake

    14 July 2015

    Tong Jinquan, a Chinese billionaire, has increased its stake in Seadrill, an Oslo-listed offshore drilling contractor. According to Seadrill, which owns a large fleet of offshore drilling rigs, Wealthy Fountain Holdings Inc, owned by Jinquan, has on July 14, 2015 acquired 1,900,000 shares in Seadrill Limited at a price of $9.68. After this $18.4 million transaction, […]

  • Seadrill’s Liverpool move to create 90 jobs

    18 November 2014
    Business & Finance, Exploration & Production

    Seadrill, one of the world’s leading offshore deep-water drilling companies has chosen Liverpool for its new global service centre. The decision by New York Stock Exchange listed Seadrill was today described as a ‘major coup’ for the city and a significant boost to its offshore and maritime sector credentials. The move will create approximately 90 […]

  • Seadrill returning to New York Stock Exchange

    12 October 2022
    Business & Finance, Business Developments & Projects, Rules & Regulation

    Offshore drilling contractor Seadrill is returning to the New York Stock Exchange (NYSE) following a couple of years of absence.

  • Worker dies on Seadrill drillship in Gulf of Mexico

    26 January 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Rules & Regulation, Safety, Vessels

    An incident on board a Seadrill-owned drillship working for Kosmos Energy in the U.S. Gulf of Mexico has resulted in the death of one offshore worker.

  • Vantage to manage deepwater floaters for Seadrill Partners

    12 February 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    Vantage Drilling has entered into an agreement to manage Seadrill Partners’ drilling rigs following the latter’s filing for Chapter 11 bankruptcy.