1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • 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 Expands its Product Range in Brazil

    14 December 2011
    Business & Finance, Project & Tenders

    Seadrill Limited, or Seadrill, is contemplating expanding its product range with an ambition to offer a wider range of oilfield services in Brazil. It is the intention that such expansion could include a joint investment with SapuraCrest Petroleum Bhd, or SapuraCrest, which recently, through a wholly owned subsidiary, entered into agreements with Petrobras for five-year […]

  • 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 and Chevron Pen West Tellus Contract

    21 July 2013

    Seadrill Limited (Seadrill) has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately […]

  • Seadrill Buys Additional Shares in Sevan Drilling

    27 June 2013
    Business & Finance

    Seadrill Limited issued June 26, a mandatory notification of trade regarding purchase of shares in Sevan Drilling ASA. Following the notification Seadrill has today purchased an additional 116,934,875 shares in Sevan Drilling at a price of NOK 3.95 per share. Following the purchase, Seadrill owns (including shares purchased under forward agreements) 297,893,964 shares in Sevan […]

  • 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 […]

  • 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 […]

  • 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.

  • 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.

  • 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, 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 […]

  • Tullow awaits judgement in Seadrill rig termination case

    29 June 2018
    Exploration & Production

    Oil company Tullow Oil and offshore driller Seadrill are expecting a judgement in an early rig contract termination case in Ghana.

  • Seadrill gets a one-month breather from creditors

    26 July 2017

    Seadrill, a cash-strapped offshore driller, has been given some breathing space in an effort to restructure its reported $14 billion debt. The company, which has been in talks with creditors for months, on Wednesday said it had reached an agreement with its bank group to extend the comprehensive restructuring plan negotiating period until September 12, […]

  • Seadrill agrees with lenders to extend loan maturity date

    16 November 2016
    Exploration & Production

    Offshore driller Seadrill Limited has reached a deal with the lenders under the West Eminence loan and the requisite majority of lenders under all of its other bank loans to extend the loan maturity date. According to the company’s statement on Wednesday, the maturity date of the loan related to the West Eminence drilling rig will […]

  • Seadrill Completes Tender Rigs Sale Agreement with SapuraKencana

    11 February 2013
    Business & Finance

    Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned to be owned by Seadrill Partners LLC. Seadrill will in […]

  • Seadrill posts $1.9 billion net loss on impairments

    24 November 2015
    Exploration & Production

    Offshore drilling contractor Seadrill on Tuesday reported a drop in revenue and net income for the third quarter of 2015.  Revenues fell to $985 million from around $1.29 billion a year ago due to increased idle time and lowered dayrate on several rigs. Seadrill also reported a net loss of $1.9 billion, due to a […]

  • Saudi Aramco Hires Seadrill’s Jack-up Rig

    12 March 2012
    Business & Finance

    Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia. The contract duration is a minimum of three years plus an option for a one year extension. The potential revenue for the three year period is approximately US$164 million plus a US$20 million mobilization fee to […]

  • Seadrill Orders Harsh Environment Rig in South Korea

    4 May 2012
    Business & Finance

    Seadrill, one of the world’s largest drilling contractors, has ordered a new harsh environment semi-submersible drilling rig from Hyundai Samho Shipyard in South Korea. The company explained the move by the current strong demand for high specification drilling units and Seadrill’s wish to benefit from such market conditions. The new rig will be a sister […]

  • Seadrill Orders Four New Ultra-Deepwater Drillships

    15 July 2013
    Business & Finance

    Seadrill Limited has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project value price is estimated to be below US$600 million per unit (including project management, drilling and handling tools, spares, capitalized […]

  • Bermuda: Seadrill to Develop a Leading Harsh Environement Player

    15 February 2011
    Business & Finance

      The Board of Directors of Seadrill Limited (“Seadrill”) have decided to create a new drilling company focusing entirely on harsh environment operations. To achieve that Seadrill will spin off its operations in the North Atlantic Basin into a new subsidiary, the North Atlantic Drilling Limited (“NADL” or the “Company”), by transferring a fleet of […]