North Atlantic Drilling puts off rig delivery
Jurong Shipyard has agreed to put back the delivery of a new rig to Seadrill-subsidiary North Atlantic Drilling to January 2018.
Seadrill
Siccar Point books rig for west Shetland well
Siccar Point Energy (SPE) has booked a rig for an appraisal well west of Shetland.
Deadline extended for North Atlantic Drilling to partner up with Russia’s Rosneft
Seadrill subsidiary North Atlantic Drilling (NADL) has extended the deadline for closing a landmark deal with Russia's state-run Rosneft.
Seadrill names new CEO, firm sees North Sea activity increase
Seadrill this morning confirmed the appointment of Anton Dibowitz as chief executive.
Seadrill guarantees worth $250m swapped for 10% cash payment
More than $250million in financial guarantees provided by offshore drilling contract Seadrill will be swapped for a cash payment of $25million.
Seadrill doubles subsidiary North Atlantic’s lending facility
Seadrill, a London-headquartered offshore drilling contractor, has doubled the size of a credit facility handed to its subsidiary, North Atlantic Drilling.
Biggest funds ‘shun’ Fredriksen’s troubled Seadrill
Seadrill, once the crown jewel of billionaire John Fredriksen’s business empire, is at the mercy of short-term speculators as the biggest funds shun the offshore driller amid a struggle to avoid bankruptcy.
Seadrill secures more time for restructure, discusses Chapter 11
Seadrill has secured three more months to hammer out is restructuring bid.
Billionaire Fredriksen builds new rig unit amid Seadrill woes
Billionaire John Fredriksen, already involved in tough talks to restructure the debt of Seadrill Ltd., is planning to register a new offshore rig company next week as he seeks to take advantage of depressed prices for the giant machines.
Seadrill to net millions after settling contract dispute
Seadrill this morning confirmed it reached a settlement with Hyundai Samho Heavy Industries (HSHI) in relation to the West Mira dispute.
Seadrill can’t rule out Chapter 11
Offshore drilling contractor Seadrill said yesterday that it could file for chapter 11 bankruptcy proceedings if it cannot reach an agreement on its restructuring.
Seadrill boss-dayrates not improving, but scrapping expectations ushers in optimism
Seadrill's chief executive said while he doesn't expect day rates to increase, the slowdown in scrapping has left him feeling optimistic.
Seadrill nets three-year contract extension for jack-up rig
Seadrill said today that it had agreed a three year contract extension with Saudi Aramco for the AOD III jack-up rig.
Seadrill subsidiary confirms legal dispute with Statoil
A subsidiary of offshore drilling contractor Seadrill has confirmed it lodged a complaint against Statoil at a court in Stavanger.
Seadrill revenues down 25%, but bosses see positive signs
Offshore drilling contractor Seadrill suffered a 25% drop in revenues in the third quarter.
Seadrill says lending facility extended to April
Seadrill, a London-headquartered offshore drilling contractor, said today that it had agreed an extension on its lending facility.
Worst still to come for Norway offshore fleet as more rigs stacked
The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is in for even more pain, according to the head of the Norwegian Shipowners’ Association.
Seadrill forced to make statement after stock surge in wake of billionaire rumours
Seadrill was forced to issue a statement after rumors of a billionaire coming to its financial rescue set its shares soaring.
Seadrill shares surge on loan promise
Seadrill Ltd.’s billionaire chairman and largest shareholder, John Fredriksen, is willing to lend the rig company as much as $1.2 billion as part of a potential deal with banks and bondholders to restructure the biggest debt load in the offshore-drilling industry, two people familiar with the matter said.
Thailand’s Mermaid Maritime appoints new regional director
Thailand-based offshore drilling firm Mermaid Maritime has appointed a new regional director.
Seadrill sees slight uptake in challenging marketplace
Seadrill’s chief executive said the firm benefited from an uptake in short-term work as it continues to battle a challenging marketplace.
Seadrill ‘reviewing legal options’ in Pemex contract cancellation dispute
Drilling contractor Seadrill is “reviewing its legal options” in a dispute with Mexican state-owned company Pemex over a rig contract cancellation.
Seadrill pens £170m rig contract extension with Saudi Aramco
A London-headquartered offshore drilling contractor has agreed to rent out two of its rigs to a customer in the Middle East for another three years in a deal worth $225million (£170million). Saudi Aramco has been leasing Seadrill’s AOD I and AOD II jack-up rigs since 2013. In line with the new agreement, Saudi Aramco will keep hold of the platforms until summer 2019.
Seadrill completes second bond drop in bid to cut debt
Seadrill has confirmed the issuance of new shares of its common stock.
Seadrill will make second bond swap in a month to trim debt load
Seadrill Ltd., the offshore driller seeking to cut its debt load, agreed to swap bonds for equity in the second such deal in less than a month.