Seadrill
Seadrill News
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.
Seadrill Q3 2013 Profit Slips Marginally
In its third quarter 2013 financial report, Seadrill states consolidated revenues were US$1,280 million compared to $1,268 million in the second quarter of 2013, and operating profit for the quarter was US$471 million compared to US$507 million in the preceding quarter. Seadrill explains that the decrease in operating profit is a result of higher operating expenses due to new rigs entering the fleet and higher general and administrative expenses due to the consolidation of Sevan Drilling.
Seadrill Acquires High-end Jack-up Rig 'Prospector 3'
Seadrill Limited has entered into an agreement to acquire the company that owns the yard construction contract of the newbuild high specification jack-up rig 'Prospector…
Seadrill Look to the North With NADL
Seadrill and North Atlantic Drilling announce strategic partnership to develop their business for drilling in harsh environments. The basis for the establishment of NADL in 2011 was to carve out a premium specialist operator with a superior safety standard in harsh environment areas and to use this as a platform to grow the business substantially. NADL builds on a 40-year history of drilling operations and a best-in-class track record in challenging areas.
ChIna Shipyard Wins Two More Seadrill Jack-up Orders
Seadrill Limited has ordered tow high-specification jack up drilling rigs from Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore). The newbuild rigs…
Seadrill Wants Remaining Sevan Drilling Shares
Seadrill announces mandatory offer for all outstanding shares in Sevan Drilling. On June 27, 2013 Seadrill Limited announced that it had acquired 116,934,875 shares…
Seadrill Ultra-deepwater Newbuilding Contracted to Chevron
Seadrill secures commitment for newbuild ultra-deepwater unit 'West Tellus'. The company has signed a contract with Chevron China Energy Company for the newbuild…
Seadrill Appoint Per Wulff New CEO
Per Wullf will succeed Fredrik Halvorsen (leaving to join technology venture Ubon Partners) as Chief Executive Officer of Seadrill Management Limited. Wullf has…
Seadrill Secures Jack-up 'West Freedom' Contract
Seadrill Limited has secured a new contract for the LT-Super 116E jack-up rig West Freedom offshore Venezuela with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture. The contract is for a firm period of 30 months plus an option for a 6 month extension at mutually agreed rates. The potential revenue for the primary contract term is approximately US$222 million inclusive of an estimated $8.5 million of mobilization.
Seadrill Seeks to Increase Sevan Stake
Bermuda-based Seadrill Ltd., an offshore driller controlled by billionaire John Fredriksen, is seeking to buy 50.1 percent of Sevan Drilling ASA to veto financing…
China Yard Gets Seadrill Jack-up Rig Orders
Seadrill Limited contracts with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China for the construction of two high specification jack-up drilling rigs. The newbuild rigs are scheduled for delivery during the fourth quarter of 2015 and the first quarter of 2016, and the total project price per rig is approximately US$230 million (including project management, capitalized interest…
Seadrill Record Best-ever Quarterly Result
Seadrill announces favourable first quarter 2013 financial results. • Seadrill completes the sale of 18 tender rigs to SapuraKencana Petroleum Bhd. As of March 31, 2013, cash and cash equivalents were US$361 million, an increase of US$43 million compared to the previous quarter. Net cash from operating activities for the period was US$423 million and net cash used in investing activities for the same period was US$1…
Seadrill Rig Contract Extended
Seadrill - North Atlantic Drilling Ltd. announces extension of Statoil contract for the harsh environment jack-up rig 'West Epsilon'. North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announce that Statoil has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016. The estimated value of the contract extension is US$215 million.
Seadrill Buys Ultra-Deepwater Rig 'Songa Eclipse'
A subsidiary of Seadrill to buy the ultra-deepwater semi-submersible rig 'Songa Eclipse' for a price of US$ 590-million. The rig was delivered from the Jurong Shipyard in Singapore in 2011, and is currently operating for Total offshore Angola on a fixed contract ending in December 2013. In addition Total has three one-year options to further extend the contract. Seadrill intends to take delivery of…
Seadrill Advance Charter Out Semi-submersible 'West Mira'
Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment semi-submersible rig West…
Seadrill Offshore Services Links With Malaysia's SDRL
SapuraKencana Petroleum Berhad (SDRL) & Seadrill Limited sign MOU to integrate their tender rig businesses. The new and restructured tender rig business will…
Seadrill Orders New Ultra-deepwater Drillship
Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at the Samsung yard in South Korea, for 2014 delivery. The project value price…
