Offshore drilling company Seadrill Limited has this week appointed a new chief financial officer and a new chief operating officer, as well as announced the appointment of a new director to its board.Oslo-listed offshore drilling firm said on…
Seadrill Partners, an affiliate of offshore drilling firm Seadrill, said Tuesday it had emerged from Chapter 11 bankruptcy for which it had filed in December 2020.The company said it has successfully completed its reorganization, turning around $2…
Offshore drilling rig contractor Maersk Drilling said on Thursday it saw some signs of market recovery as it reported that orders in the first quarter were at the highest level in more than three years.The company, which had already on Wednesday lifted its 2021 earnings guidance…
Angolan offshore drilling firm Sonadrill, the 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a twelve-well contract in Angola for the Sonangol Quenguela drillship. The contract includes one option for nine wells and eleven one well options…
Seadrill Partners, an offshore drilling contractor, has secured a four-well contract for its West Capella drillship in Malaysia with an unnamed client. The client will have an option to extend the contract for up to seven more wells. The contract's…
U.S. oil and gas company Talos Energy has chartered Seadrill's West Neptune drillship to drill a well in the U.S. Gulf of Mexico.Talos said it would use the 6th generation ultra-deepwater drilling unit to drill the Tornado Attic well to build…
Seadrill Ltd on Wednesday reached a tentative deal that will allow it to continue using lender cash to fund operations while it works with creditors on a path out of bankruptcy.During a virtual hearing, U.S. Bankruptcy Judge David Jones, sitting in his Laredo…
Offshore drilling contractor Noble Corp. has reportedly submitted a bid to acquire some assets of rival Seadrill. This is according to Reorg, a website providing credit intelligence, data, and analytics for hedge funds, asset managers, investment banks…
Oil and gas company Wintershall Dea has terminated the rig contract for the West Mira semi-submersible drilling rig, owned by Northern Ocean, managed by Seadrill.The news of the contract termination was shared Wednesday by Seadrill. Seadrill said: 'Seadrill Limited […
Offshore drilling contractor Seadrill said it has secured a four-year firm contract with four one year options for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil.Total value for the firm portion of the contract…
Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85% of its debts in exchange for a 99% stake in the reorganized company, a court filing showed.The Oslo-listed firm controlled by Norwegian-born billionaire…
Offshore drilling rig contractor Northern Ocean expects its West Mira drilling rig to return to work by mid-April after it last week experienced an incident in which some production equipment was dropped to the seabed, off Norway.'During the…
Offshore drilling contractor Vantage Drilling has received court approval for a previously proposed deal which entails Vantage managing some of the rigs owned by Seadrill Partners.Vantage said Friday it had has entered into a Framework Agreement…
U.S. oil major ExxonMobil has recently awarded a contract extension to Seadrill for the use of the West Saturn drillship in Brazil.Seadrill revealed the news in its fourth-quarter 2020 presentation on Thursday. The offshore drilling contractor…
Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs.Seadrill, which in February…
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