Offshore drilling contractor Seadrill is considering selling non-core assets, including its 15.7% stake in oil service firm Archer , to reduce its liabilities, the firm's outgoing chief financial officer said on Thursday.Seadrill, controlled by Norwegian billionaire John Fredriksen…
Offshore drilling company Seadrill has selected IT services, consulting, and business solutions organization Tata Consultancy Services (TCS) to transform and maintain its global digital infrastructure.TCS will support Seadrill’s global IT operations across the business…
Norwegian offshore drilling rig firm Seadrill Ltd said on Thursday that Chief Financial Officer Mark Morris will step down following completion of the company's financial restructuring.The company, controlled by Norwegian-born billionaire John Fredriksen…
Offshore rig owner Seadrill is prepared to make acquisitions if opportunities arise amid ongoing consolidation in the industry, the company's chief executive told Reuters.Competitor Transocean on Sept. 4 announced it was buying deepwater driller Ocean Rig for $2…
Class society ABS issued a managed pressure drilling (MPD) notation to Seadrill’s West Capella ultra-deepwater drillship for demonstrating system compliance with the ABS Guide for Classification and Certification of Managed Pressure Drilling Systems Guide…
Seadrill has filed for bankruptcy protection, as investors fork up US$1.06 billion of new capital for the company. Anton Dibowitz. Image from Seadrill. The company signed deals with more than 97% of its secured bank lenders…
Drilling contractor Seadrill reported today (24 August) that it would likely file for Chapter 11 bankruptcy on or before 12 September to implement its comprehensive restructuring plan. Source: Seadrill The…
Dibowitz will become Seadrill's CEO on 1 July. Image from Seadrill. Seadrill has appointed Anton Dibowitz as the company’s new chief executive officer effective 1 July 2017. Dibowitz…
Seadrill reached a US$170 million settlement agreement with Hyundai Samho Heavy Industries (HSHI) in relation to the West Mira arbitration. Seadrill said it receive a cash payment of $170 million this month as full settlement of the dispute…
Seadrill has secured a one-well contract with Total E&P Cyprus B.V. for the West Capella, offshore Cyprus. The contract is expected to start in 2H 2017 and backlog, estimated at 50 days, is expected to be approximately US$10 million. The…
Seadrill is aiming to raise US$1 billion in new capital for restructuring efforts that CEO Per Wulff says has been more complex than the company had anticipated. The West Tellus, from Seadrill…
Seadrill received a notice of termination from Tullow Ghana for the West Leo drilling contract effective 1 December 2016. The West Leo, from Seadrill. “Tullow has purported to…
Seadrill Partners received a notice of force majeure from Tullow Ghana for the West Leo drilling contract effective 3 October 2016 that the company is disputing. Seadrill said it will move to enforce all its rights as per the contract and governing law…
Seadrill has received a notice of termination from Pemex for the West Pegasus drilling contract, effective 16 August 2016. Seadrill says it has disputed the grounds for termination and is reviewing its legal options. During Q2 2015…
Seadrill Partners has reached an agreement with BP to keep the West Capricorn on an extended standby rate of US$316,000/d with expected recommencement of work in late 2017 at the full operating rate of $526,000/d. The unit had been down…
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