Seadrill appoints new VP
Seadrill has appointed Anton Dibowitz as executive vice president, adding to his ongoing role as chief commercial officer and freeing chief executive Per Wullf to focus on a refinancing process.
Seadrill
Norwegian drillers warn woes may grow amid strike threat
Offshore oil drillers operating in Norway warn that a possible strike over wages could deepen the worst market downturn in a generation.
Seadrill posts record uptime as it battles $3billion debt
Seadrill today said it achieved "record operational uptime" in the first quarter of the year.
Statoil cancels Seadrill rig contract
Statoil has cancelled its contract with Seadrill for the West Hercules drilling rig.
Struggling Seadrill agrees debt-for-equity exchange
Seadrill today confirmed it had agreed a deal with senior note holders worth $55million.
Seadrill agrees with banks in first step toward refinancing
Seadrill Ltd., the offshore driller with the biggest debtload, reached a deal with its banks to extend its three nearest credit lines and amend covenants as it seeks to ease its burden amid a drop in the demand for offshore rigs.
Seadrill sells stake in SapuraKencana
Seadrill has sold its remaining stake of approximately 490 million shares in Malaysia's SapuraKencana in a $195 million deal.
Seadrill to make Houston redundancies
Seadrill said it plans to make more than 100 redundancies from its Houston office.
Seadrill looks to advisors to help renegotiate $11billion debt
Seadrill has hired debt advisors to help negotiations on an $11 restructuring plan, according to reports.
Seadrill cuts day rate to secure drillship deal with Petrobras
Seadrill has been awarded an 18 month contract extension for the drillship West Tellus by Petrobras after cutting its day rate.
Seadrill surges as short wagers squeezed amid bailout talk
Seadrill Ltd., the offshore driller struggling with the industry’s biggest debt load, surged by a record for a second straight day as investors covered short bets amid speculation of a lifeline from the company’s biggest shareholder, billionaire John Fredriksen.
Seadrill stock rises on speculation of bailout
Offshore drilling firm Seadrill rose the most in more than seven years as investors covered short bets after the company’s main owner, billionaire John Fredriksen, freed up $510 million in cash, fueling speculation of a bailout.
Seadrill in survival mode as it deploys debt plan
Seadrill Ltd. is accepting lower and lower rates for its offshore drilling rigs to survive the worst slump since the 1980s as it deploys a plan to address the heaviest debt-load in the industry.
Seadrill reports fourth quarter revenue of nearly $1billion
Seadrill has reported revenue of $959million in its fourth quarter results for 2015.
Billionaire Seadrill magnate has other fish to fry now oil’s tanked
When the price of a 10-pound (4.5-kilogram) Atlantic salmon jumped above the cost of a barrel of crude last month, nobody in the oil industry was celebrating.
Seadrill seen needing $1billion in equity to scale ‘debt wall’
Seadrill Ltd., the offshore driller battered by the collapse in crude prices, is approaching a “debt wall” that may force it to sell new shares and renegotiate terms with bond investors and banks by the end of the year, according to Nordea Bank AB.
Seadrill defers delivery of two drillships from DSME shipyard
Seadrill said had has reached an agreement with the DSME shipyard to defer the delivery of two ultra-deepwater drillships.
Seadrill wins contract extension from Chevron in Thailand
Seadrill have secured one year contract extensions for a pair of rigs with Chevron Thailand Exploration and Production. The company said the deal means both contracts will now end in July and August of 2019.
Seadrill appoints new director
Seadrill has appointed a new director to is board.
Seadrill prepares for another challenging year
Seadrill's chief executive Per Wullf said the firm was preparing for another challenging year.
Seadrill moves to distance itself from Petrobas corruption scandal
Seadrill has moved to distance itself from the Petrobas corruption scandal which has embroiled Sevan, in which it has a controlling stake.
Seadrill order of West Mira drilling unit canceled
Seadrill has canceled a contract for the construction of the sixth generation West Mira semisubmersible drilling unit. The company had ordered the unit during the second quarter of 2012 and the delivery date put forward in the construction contract had been for December last year.
Seadrill delays new rigs as profits dip
Seadrill has delayed delivery on 10 of its new-build projects as it saw profits fall as more of its fleet lay idle due to declining oil and gas activity.
North Atlantic Drilling parts company with finance chief
North Atlantic Drilling's chief financial officer Ragnvald Kavli, is to step down later this month.
Seadrill to sell West Polaris drillship
Offshore drilling company Seadrill Limited is to sell its West Polaris drillship to a subsidiary within the next week. Seadrill Operating, which is 58% owned by Seadrill Limited, will acquire all of its owner's shares of Seadrill Polaris, the entity which owns the the drillship.