1442 results found for 'seadrill'

1442 results found for 'seadrill'
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  • 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 […]

  • GE Powers Seadrill’s West Mira Rig

    2 May 2013
    Equipment

    GE’s Power Conversion business (NYSE: GE) has signed a multi-million dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semi-submersible drilling platform HHI is building for Seadrill Ltd., which is expected to work in either the North Sea or […]

  • Seadrill Orders Two Jack-Ups in China

    1 February 2013

    Seadrill has entered into an agreement for the construction of two high specification jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Inc. (DSIC Offshore) in China. The new units are scheduled for delivery during the first and second quarter 2015, and the estimated total project price is approximately US$230 million (including project management, capitalized interest, […]

  • Seadrill Now Holds 39,9% of Archer Shares

    11 February 2013
    Equipment

    Seadrill Limited, one of the world’s largest offshore drilling contractors, has today been allocated 82,003,000 shares in the private placement of Archer Limited, a global oilfield service company that specializes in drilling services and well services The drilling contractor bought the shares at price US$1.20 per share. Seadrill also said it would receive 2,811,793 shares […]

  • 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, […]

  • 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 Partners slashes quarterly cash distributions

    18 December 2015
    Business & Finance, Exploration & Production

    Offshore driller Seadrill Partners LLC has decided to reduce the quarterly distributions to its shareholders. The company cited the depressed drilling market as the reason for the move. According to Seadrill Partners, the company will reduce the quarterly distribution to $0.25 per unit to its common unitholders, down from the current quarterly level of $0.5675. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Morris to resign from Seadrill positions in mid-2019

    11 January 2019
    Business & Finance

    CFO of offshore driller Seadrill Limited and CEO of Seadrill Partners has decided to step down from his positions.

  • 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.

  • 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.

  • 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 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • Odfjell Drilling to take over management of yet another rig from Seadrill

    12 May 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Regulation & Policy, Rules & Regulation

    SFL has inked a new deal with Odfjell Drilling, enabling the latter to replace Seadrill as the manager of another drilling rig.

  • 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 […]