1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Seadrill wins two contract extensions, but at a price…

    9 December 2015
    Business & Finance, Exploration & Production

    Seadrill Partners has secured one-year contract extensions for the T-15 and T-16 tender rigs with Chevron Thailand Exploration and Production, Ltd, a subsidiary of the U.S. based oil giant Chevron. According to Seadrill, the contracts will now expire in July and August 2019, respectively. The total backlog of the two contract extensions is approximately $80 […]

  • Husky calls off drilling contract with Seadrill

    22 September 2015
    Business & Finance, Exploration & Production

    Seadrill Limited has been notified by Husky Oil Operations Limited of the cancellation of the drilling contract for the West Mira semi-submersible drilling rig. To remind, in the fourth quarter of 2012 Seadrill was awarded a 5-year contract for the West Mira with Husky for operations in Canada and Greenland. The total estimated base revenue potential […]

  • 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 […]

  • LLOG Bluewater Hires Seadrill’s New Drillship

    17 April 2013
    Business & Finance

    Seadrill has signed a contract with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, West Neptune, offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates. The potential revenue for the primary contract term is approximately US$662 million. The […]

  • Seadrill Delays Newbuilds amid Challenging Market

    27 August 2015
    Business & Finance

    Offshore drilling company Seadrill has delayed deliveries of two drillships currently under construction for two years amid volatile market conditions that pushed the company’s profit by 37% in the second quarter of 2015. The drillships in question are the West Draco and West Dorado whose deliveries have been pushed back from the third and fourth […]

  • Creditors allow Seadrill suspension of pay under leases for three rigs

    23 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Seadrill has agreed on the suspension of payments with creditors related to leasing arrangements for three drilling rigs while trying to restructure debt.

  • Two Seadrill drillships land more work in Gulf of Mexico

    28 November 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Offshore drilling contractor Seadrill has tucked under its belt additional assignments for two drillships in its rig fleet.

  • Seadrill racks up over $400 million in contracts during first quarter

    20 May 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure

    Offshore drilling contractor Seadrill Limited has won over $400 million in new deals during the first quarter of 2021 bringing the company’s total backlog to $2.1 billion.

  • Seadrill, SapuraKencana Wrap Up Tender Rig Deal

    1 May 2013

    Seadrill and SapuraKencana have today completed the  the transaction to integrate Seadrill Limited’s (“Seadrill”) tender rig division into SapuraKencana Petroleum Berhad (“SapuraKencana”) The agreed upon acquisition price is for an enterprise value of US$2.9 billion, which includes cash, SapuraKencana shares, all debt in the tender rig business, and Seadrill’s future capital commitments for newbuilds. The incremental […]

  • Seadrill Prices IPO Units at $22. Aims at $175.5 Mln (USA)

    19 October 2012

    Seadrill Partners, a subsidiary of international drilling contractor Seadrill Limited, today announced that it priced its initial public offering of 8,750,000 common units at a price of $22.00 per unit. Seadrill Partners has granted the underwriters a 30-day over-allotment option to purchase up to 1,312,500 additional common units, at the same price per unit, to cover […]

  • Seadrill to be Present at the Barclays Capital CEO Energy-Power Conference, New York

    10 September 2010
    Business & Finance

    Seadrill announced that Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, will address attendees at the Barclays Capital 2010 CEO Energy- Power Conference in New York. Mr Thorkildsen is scheduled to present at Thursday September 16, 2010, at 8.25 a.m. New York time. The presentation will be publically accessible through the Company’s web […]

  • With new batch of drillship deals, Seadrill reels in $97.5 million

    30 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has disclosed a new contract award and extension, totaling approximately $97.5 million in value, for two drillships.

  • Pemex terminates rig contract with Seadrill. Driller evaluating legal options

    22 August 2016
    Equipment, Exploration & Production

    Mexican oil company Pemex has terminated a drilling contract with Seadrill over the West Pegasus offshore drilling rig. The driller has disputed the grounds for termination and is reviewing its legal options. During the second quarter of 2015 Seadrill signed a provisional commitment for a two-year extension to the contract with Pemex for the West Pegasus. In conjunction […]

  • Seadrill Buys More Shares in Asia Offshore Drilling

    1 November 2012

    International drilling contractor Seadrill Limited has today acquired additional 12,883 shares of Asia Offshore Drilling Limited. The shares were acquired at a price of NOK 28.70 per share (USD 5.03) . Following this acquisition, Seadrill will be the owner of  65.89% of the total number of outstanding shares in the Asia Offshore Drilling. Asia Offshore […]

  • Seadrill Sells West Leo and West Sirius Rigs

    3 December 2013

    Seadrill Limited announced today that it has entered into an agreement with Seadrill Partners pursuant to which the Company will sell to (i) 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  , and (ii) […]

  • Exxon hires Seadrill’s drillship for project offshore Nigeria

    11 August 2014
    Business & Finance

    Seadrill in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploration and Production Nigeria Limited, an ExxonMobil subsidiary, for employment of the newbuild ultra-deepwater drillship West Saturn, in support of the ERHA North Phase 2 project in Nigeria. The contract is for a firm period of two […]

  • Seadrill Reports 4Q Net Profit of 50 Million

    1 March 2013

    Seadrill, an international offshore drilling contractor today reported that its consolidated revenues for the fourth quarter of 2012 amounted to US$1,215 million compared to US$1,092 million in the third quarter 2012. Operating profit for the quarter was US$441 million compared to US$413 million in the preceding quarter. Net financial items for the quarter showed a […]

  • Seadrill Orders Tender Rig from COSCO, China

    12 April 2012
    Business & Finance

    Seadrill, one of the world’s largest drilling contractors, has placed an order for a new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is scheduled for delivery in the fourth quarter 2013. Total project price is estimated at US$135 million, including project management, drilling and handling tools, spares, and capitalized […]

  • One More Seadrill Tender Rig for Chevron Thailand

    4 May 2012
    Business & Finance

    Seadrill has received a Letter of Award for a five-year contract for the tender assist rig T18 by Chevron Thailand Exploration and Production Ltd. Start of operations is scheduled for the first quarter 2014, following the delivery to Chevron of tender assist rigs T15 and T16 during 2013. The estimated value of the five-year contract […]

  • South Korea: Seadrill Confirms Samsung Drillships Contracts

    27 February 2012
    Business & Finance

    South Korea’s Samsung Heavy Industries on Friday announced that it had received contracts for the construction of two drillships without revealing who the costumer was. Today, Seadrill, a Norwegian/Bermudan offshore drilling contractor confirmed the deal. The construction of the drillships is scheduled for completion in the second and third quarter 2014. Total project price per […]

  • Equinor to use Seadrill rig for Norwegian Sea work

    16 April 2021
    Exploration & Production, Infrastructure, Regulation & Policy, Safety

    Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the West Hercules drilling rig.

  • Seadrill Partners files for voluntary Chapter 11 protection

    1 December 2020
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill Partners has filed voluntary petitions under Chapter 11 of the Bankruptcy Code to preserve value and to continue the operation and marketing its assets.

  • Rolls-Royce man taking over as CFO at Seadrill

    29 May 2015
    Business & Finance

    Seadrill, an offshore drilling contractor, has announced that Mark Morris from Rolls-Royce will be joining the company as Chief Financial Officer (CFO), starting from  September 1, 2015. Morris will succeed Rune Magnus Lundetræ at Seadrill, where he will oversee corporate finance, tax, investor relations, and risk and insurance and will report to Seadrill Chief Executive […]