Seadrill
Seadrill News
Seadrill Shares Surge, Squeezing Shorts
Shares have risen 8 days in a row; CEO says short-sellers are beginning to panic. Shares in Norwegian rig firm Seadrill shot up by a third on Monday and its chief…
Seadrill Pushes Back Drillship Delivery
Seadrill Limited has reached an agreement with DSME shipyard to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until the second…
Seadrill Hopes to See Market Turn in 2017
Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017. Rig rates have more than halved since the peak two to three years ago and in several cases are now below breakeven costs. "2015 is gone, 2016 is ugly but what we see is that some oil companies are asking for extensions in 2017," Chief Executive Per Wullf told the DNB investor conference in Oslo on Thursday. "The oil price is decisive," Wullf said.
Seadrill Cancels West Mira Construction Contract
Offshore drilling company Seadrill Limited said it has exercised its right to cancel the contract for the construction of the West Mira drilling unit following builder…
Seadrill Sells Drillship to Seadrill Partners
Seadrill Limited announced that it has entered into an agreement with Seadrill Operating LP, the 58 percent owned subsidiary of Seadrill Partners LLC, pursuant to which Seadrill Operating will acquire all of the shares of Seadrill Polaris Ltd., the entity that owns and operates the drillship, the West Polaris from Seadrill. The acquisition is expected to close within seven days. The West Polaris is a sixth generation, dynamically positioned drillship delivered from the Samsung shipyard in 2008.
Termination of Seadrill Unit's and Rosneft Deal Extended
North Atlantic Drilling (NADL), a subsidiary of Seadrill, will delay the closing of a deal with Russia's Rosneft by two years and has agreed to renegotiate the terms of the agreement, reports Reuters.
Svanevik Elected to Seadrill Board
Seadrill Limited announced today that Carl Erik Steen has resigned from the board of directors with immediate effect. Filling the position is Ørjan Svanevik, who…
Seadrill Chairman Reassures Investors as Director Leaves
Seadrill Limited informs that Tor Olav Trøim has decided not to stand for re-election to the Board of Directors in order to focus his efforts on developing Golar LNG.
Seadrill Nets ExxonMobil Nigeria Job
ExxonMobil has signed up for a Seadrill newbuild drillship for work off West Africa for up to three years. The ultra-deepwater West Saturn, currently under construction in South Korea…
Seadrill Bondholders: Majority Accept Conversion Offer
Seadrill Limited says that holders of approximately US$547 million of Seadrill's convertible bonds due 2017 (representing approx. 84.1% of the total outstanding…
Seadrill Obtains US$1.35-bln Bank Credit Reflnancing
Seadrill Limited informs it has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance…
Seadrill Ink US$1.1-Bln Total Contract
Offshore driller Seadrill signed a five-year, $1.1 billion contract with Total for work offshore Nigeria, it said on Monday. The contract, for Seadrill's newly built…
Seadrill Steers a Steady Course in Q1 2013
In its first quarter 2014 financial results Seadrill reported revenues were US$1,221 million compared to $1,469 million in the fourth quarter of 2014. The decrease…
Seadrill Sells $300m of SapuraKencana Shares
Seadrill, the world's biggest offshore driller by market capitalisation, has sold 230 million shares in Malaysia's SapuraKencana, raising $300 million and earning a gain of $165 million on the deal…
Seadrill plans up to $305m Malaysian selldown
SapuraKencana Petroleum Bhd's second largest shareholder plans to sell up to $305 million worth of shares in the Malaysian oil and gas services firm, according to…
Seadrill Contracts Out Multiple Jack-Up Units
Seadrill Limited informs it has secured new contracts for the jack-up units 'West Tucana', 'West Telesto', 'West Ariel', and 'West Prospero'. Additionally, the contract for the 'West Mischief' has been extended by four months. The total revenue potential for the four new contracts and one extension is approximately US$319- million. West Tucana, a Friede & Goldman JU-2000E jack-up rig, has secured a…
Seadrill Issues $234 Million Bond
Reuters - Seadrill, the world's largest offshore oil driller by market capitalization, has completed the issue of a 1,500 million Swedish crowns ($234.18 million)…
Seadrill CFO: Offshore oil rig rates to fall further
Offshore drilling rig rates will continue to fall in the coming period and the rate spread between old and new equipment will continue to widen, Rune Lundetrae,…
Seadrill Sees Bigger Drilling Market Slowdown
Reuters - The global oil drilling market will slow by more than expected over the next two years as energy firms save cash for dividends and delay exploration, Seadrill…
Seadrill Appoint David Sneddon Chief Accounting Officer
David Sneddon is to succeed Robert Hingley-Wilson as Chief Accounting Officer and Senior Vice President of Seadrill Management Limited. Mr Sneddon joined Seadrill effective December 1, 2013 as Senior Vice President and Chief Accounting Officer. Prior to Seadrill he held several senior positions in Novelis Inc., most recently as VP Finance in Europe, and prior to that held various positions in Alcan.
