Seadrill closes UK office as senior exec departs
Seadrill will close its UK office in London, instead moving to ‘consolidate’ its corporate activity in Houston.
Seadrill
Seadrill sticks with floater focus, launches $250m buyback
Drilling rig operator Seadrill vowed to continue its focus on the floating segment after a profitable second quarter in which it completed its purchase of Aquadrill.
Near-full utilisation pushes Seadrill to healthy Q1 profit
Seadrill bosses have reported a “confident posture” in the company’s first quarter results, as it now looks to make use of an expanded Aquadrill fleet.
Seadrill to ‘clean up’ drilling fleet with plans to offload surplus rigs
Seadrill’s (NYSE: SDRL) chief executive is bullish about the company’s future after a period of “strategic repositioning”, in which it emerged from Chapter 11 bankruptcy.
Seadrill formally completes acquisition of Aquadrill
Drilling contractor Seadrill (NYSE: SDRL) has formally completed its planned takeover of Aquadrill, creating an “industry leading” company.
Seadrill to acquire rival Aquadrill in near $1bn deal
Seadrill (NYSE: SDRL) has announced it will acquire rival rig owner Aquadrill in an all-share deal worth nearly $1 billion.
Seadrill extends Angola deal with day rate inflation
Seadrill has extended a contract for its Libongos drillship in Angola for another 12 wells, scoring a $402,500 per day rate.
Seadrill sells all of its shares in Paratus Energy Services
Offshore drilling firm, Seadrill, has announced it will sell all of its stakes in Paratus Energy Services today.
Drilling veteran officially takes up COO brief at Valaris
Valaris’ (NYSE: VAL) new senior vice president and chief commercial officer (COO) has officially taken up his role.
Offshore rig day rates could surge to $500,000
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
Seadrill sells Saudi jack-ups to ADES
Saudi Arabia’s ADES has struck a deal to buy seven jack-ups from Seadrill for $628 million in cash.
Seadrill lands trio of rig contracts worth $361 million
Seadrill (XOAS: SDRL) has been awarded a series of contract extensions for a trio of oil rigs in the Arabian Gulf.
Seadrill wins $404m in Middle East jack-up awards
Seadrill has been awarded contracts by a leading operator to deploy three of its jack-ups for work in the Middle East beginning in 2023.
Seadrill’s West Gemini signs up for more Angolan work
Seadrill has struck a 10-well contract, with an option for up to eight more, in Angola for its West Gemini drillship.
Seadrill names former Borr boss Simon Johnson as new CEO
Seadrill has named Simon Johnson, the former head of rival firm Borr Drilling, as its new CEO.
Valaris confirms Dibowitz as president and CEO
The board of offshore drilling group Valaris has confirmed Anton Dibowitz as president and chief executive officer, following his interim appointment earlier this year.
Seadrill wins new contracts ahead of bankruptcy close-out
Offshore driller Seadrill has confirmed a series of contract wins in recent months, buoying prospects as it approaches the end of its bankruptcy proceedings.
Seadrill bags two contracts worth £412m for work in Brazil
Offshore drilling firm Seadrill has today announced that it has secured two contracts with Petrobras for work on the Buzios field, off Brazil.
Seadrill announces clean sweep with new board
Seadrill is bringing in an entirely new board of directors, removing its existing slate, and picking a former Noble Corp. executive as chair.
Seadrill to emerge from bankruptcy by end of year
The US Bankruptcy Court for the Southern District of Texas has approved Seadrill’s plans to emerge from bankruptcy proceedings.
Changes at the top as Valaris announces new CEO
Valaris, one of the world’s largest offshore drilling companies, has announced a change-up of its top team with the appointment of a new CEO.
Seadrill draws competing rig offers from Noble and Transocean consortium as it undergoes Chapter 11 bankruptcy
Noble Corporation and a consortium including Transocean and Dolphin Drilling are competing to acquire the assets held by Seadrill, according to a news report, as it undergoes Chapter 11 bankruptcy.
Equinor first to start drilling a UK North Sea exploration well in 2021
Norwegian energy giant Equinor has become the first company to start drilling an exploration well on the UK Continental Shelf this year.
Seadrill wins Angola work for Quenguela
Seadrill has won a 12-well contract in Angola via its local joint venture with Sonangol EP.
200 jobs at risk on Seadrill rig after contract termination – union
Around 200 jobs are at risk on a Seadrill North Sea rig after a spate of safety incidents saw its contract terminated, a union has said.