Sonadrill, Seadrill's 50:50 joint venture with an affiliate of Sonangol, has secured a 12-well extension in Angola for the Libongos drillship at $402,500 per day.The total contract value for the firm part of the deal is around $327 million, inclusive of additional services…
Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed sale of seven jack-up drilling rigs to ADES in Saudi Arabia.The two companies announced the initial sale and purchase agreement on September 1. With the sale now completed…
Offshore drilling contractor Seadrill announced on Tuesday that it has received approval to relist its common shares on the New York Stock Exchange under the ticker symbol 'SDRL'.The company voluntarily delisted from the NYSE in June 2020, several…
Odfjell Platform Drilling (Odfjell) has received the Norwegian Petroleum Safety Authority's Acknowledgement of Compliance (AoC) for the Linus jack-up drilling rig. A granted AoC statement means that a rig is fit for operation on the Norwegian Continental Shelf…
Rental rates for offshore oil and gas rigs could rise to $500,000 in the coming months, company executives said on Wednesday.Daily costs to hire a rig, known as the dayrate, have already more than doubled from two years ago to some $300,000…
Offshore drilling firm Seadrill has signed a deal to sell seven jack-up drilling rigs in Saudi Arabia to ADES.Upon completion of the sale the rigs AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida, and West Leda will be owned by ADES…
Offshore drilling contractor Seadrill on Wednesday announced it has been awarded contract extensions for three of its jack-up rigs for work offshore in the Arabian Gulf.The firm term of each contract is three years with commencement in direct continuation of the current contracts…
Offshore drilling contractor Seadrill announced Wednesday that Karen Boesen has resigned from its board of directors effective June 17, 2022.Boesen informed the company that she had no disagreement with the company on any matter, including its business…
Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic.Drilling companies are in a stronger position to demand…
The West Hercules semi-submersible drilling rig has started drilling the first of two exploration wells offshore Canada. Seadrill, the drilling contractor that manages the SFL-owned rig, shared the news on Tuesday in a social media post.The drilling is being conducted in the Flemish Pass Basin…
Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.The firms want to boost future production from the Bacalhau oil field, Equinor's largest…
Norwegian offshore drilling contractor Odfjell Drilling will take over the management of the SFL-owned West Hercules semi-submersible drilling rig from rival Seadrill.Odfjell Drilling said Thursday it had signed a deal with SFL Corporation to…
Offshore drilling company Seadrill said Thursday it had secured three contracts with 'a leading operator' in the Middle East for three of its drilling rigs.The contracts, with an unnamed client, are for the West Ariel, West Cressida, and West Leda jack-up drilling units…
Offshore drilling company Seadrill has secured contracts for two of its drilling rigs, the West Neptune and the Sevan Louisiana in the U.S. Gulf of Mexico. The contracts are worth $105 million in total.The West Neptune, a 6th generation ultra-deepwater drillship…
The Oslo Stock Exchange on Monday passed a resolution to delist the offshore drilling contractor Seadrill Limited.'The Oslo Stock Exchange considers that the shares of Seadrill Limited are no longer suitable for listing on the Oslo Stock Exchange…
