Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand.Too steady…
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 was appointed by the board of directors to fill the vacant position starting immediately…
Shipping billionaire John Fredriksen reaffirmed on Friday its commitment to Seadrill, the world's largest rig company by market capitalisation, whose shares have fallen a quarter in value since the beginning of the year.'I consider my stake…
A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday…
COSCO (Nantong) Shipyard deliver two tender rigs, & COSCO (Zhoushan) Shipyard a Capesize bulk carrier.COSCO (Nantong), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered two tender rigs 'T-16' and 'T-17', to Seadrill…
Seadrill announces favourable first quarter 2013 financial results. Highlights • Seadrill records its best operating quarterly result ever and generates first quarter 2013 EBITDA*) of US$713 million • First quarter 2013 net income of US$440 million and earnings per share of US$0…
Seadrill contracts with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, 'West Neptune', offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates…
Ole Sanne has accepted the new position of CCO at Ocean Installer, and Jim Dåtland will join Ocean Installer as the new CFO. Mr. Sanne and Mr. Dåtland enter their new positions mid-February 2013.Mr. Sanne has been with Ocean Installer since…
Power systems for seven new oil and gas ultra deepwater drilling vessels to be built and operated in Brazil goes to ABB for $160mABB won orders worth $160m from Jurong Shipyard Pte Ltd. for the design, supply, supervision of installation…
Keppel FELS complete two rigs early for Transocean and Asia Offshore Drilling, earning a combined US$1.5-milliion bonus.Over two consecutive days Keppel FELS held naming ceremonies for twin jackup rigs built for Transocean, and another jackup rig built for Asia Offshore Drilling (AOD)…
COSCO Corporation (Singapore) subsidiary COSCO (Nantong) Shipyard Co., Ltd deliver a tender rig to Seadrill.The tender rig is designed to be placed in close proximity to an oil platform in order to assist in drilling operations.The new delivery is named 'T-15'…
Seadrill - North Atlantic Drilling Ltd. announces extension of Statoil contract for the harsh environment jack-up rig 'West Epsilon'.North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announce that Statoil has…
Norsafe received orders worth NOK 400-million (US$ 45.3-million) over the course of October 2012, & backlog at record height.'It is Norsafe’s newly developed GES50 MKIII freefall lifeboat which accounts for the bulk of these orders,' says CEO Geir Skaala…
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…
Seadrill receives award for newbuild ultra-deepwater semi-submersible 'West Mira' with start-up in 2015Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment…
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