Seadrill narrows losses, but floater reactivations on hold
Offshore rig contractor Seadrill narrowed its second quarter losses by delivering "solid operational performance", characterised by a utilisation rate of 96%.
Seadrill
Employment is shifting from shale to offshore, Rystad says
Rystad Energy has analyzed the oilfield service industry sectors with the highest percent change of employment, and found that the main driver of employment is shifting from shale to offshore.
Seadrill’s West Gemini drillship booked for Africa wells
Seadrill has secured a nine-well contract with three options, each for two wells, for the West Gemini in West Africa. Total contract value for the firm portion of the contract is expected to be approximately $84 million with commencement expected in early Q4 2019 and running through Q4 2020.
Oil industry’s debt woes not over over, top bankers warn
Offshore oil and gas bankers in Oslo are warning that the industry is far from out of the woods as a recovery is slow to take hold.
Seadrill’s debt in question as firm takes trading nosedive
Seadrill fell further in Oslo trading after Carnegie Investment Bank AB cut its target price by 88%, raising fresh concerns over the offshore driller’s debt.
Seadrill reports further losses as nearly half of rigs stay idle
Rig operator Seadrill increased its losses for the start of 2019 amid lower utilisation of its fleet.
Greenpeace targets West Hercules oil rig in protest to Arctic drilling
Greenpeace has boarded an oil rig in Norway in protest to drilling plans in the Arctic.
‘Unnaceptably high’ number of rig evacuations lead to new Seadrill medical programme
Offshore drilling contractor Seadrill has said “unacceptably high” levels of medical evacuations from its rigs have led to the creation of a new medical programme.
Seadrill pulled up over blaze on rig
A faulty extension cord and fume cabinet led to a fire breaking out on a drilling rig offshore Norway in November.
Seadrill sees improvement in offshore rig market
Bosses at rig contractor Seadrill said the market continued to show signs of improvement as revenues picked up in the fourth quarter.
‘Well control incident’ on West Hercules rig leads to investigation
A "well control" incident on the West Hercules rig is being investigated by Norway's offshore safety watchdog.
Seadrill looking to revolutionise rig work, according to VP
Global offshore drilling firm Seadrill has introduced a numbers of measures to revolutionise rig work, according to the company's data chief.
Equinor hires West Hercules for Barents wells
Equinor has booked Seadrill's West Hercules rig for two wells in the Barents Sea in spring 2019.
Tullow Oil ordered to pay Seadrill $254m in fees
A judge has ordered Tullow Oil to pay fees amounting to $254 million to Seadrill over the termination of a contract.
Seadrill emerges from chapter 11 bankruptcy
Oil and gas industry contractor Seadrill has emerged from chapter 11 bankruptcy.
Oil firms ‘only scratching the surface’ of data potential, says Chrysaor director
A director of digital for Chrysaor has claimed that oil firms are "only scratching the surface" in terms of data potential on oil rigs.
Seadrill nears chapter 11 exit
Seadrill said today that its "reorganisation plan" had been approved by a US Bankruptcy Court.
Seadrill reports substantial 2017 losses
Offshore drilling firm Seadrill today reported huge net losses of more than £2billion in its 2017 end of year results.
Seadrill reorganisation plan gets ‘virtually unanimous support’
Offshore drilling firm Seadrill said today that its reorganisation plan had received "virtually unanimous support".
Seadrill in chapter 11 settlement with lenders
Seadrill has reached a settlement with bondholders and creditors in its chapter 11 cases.
Seadrill closing in on restructuring deal, report says
Bosses at Seadrill are close to reaching a deal to restructure the struggling drilling rig company’s finances, a news report said.
Billionaire Fredriksen ‘central’ to Seadrill solution, DNB says
After alternative proposals were unveiled seeking to challenge Seadrill Ltd.’s restructuring plan, one of the oil-rig company’s key banks said any deal will require the participation of billionaire John Fredriksen.
Billionaire Fredriksen’s latest venture admitted to Oslo Stock Exchange
The Oslo Stock Exchange will admit the shares of a new offshore drilling contractor set up by billionaire John Fredriksen.
Offshore-rig recovery still far off, Norway’s biggest bank warns
The offshore drilling market will take a long time to rebalance as more consolidation and rig retirements are needed to cut oversupply, according to DNB ASA, Norway’s biggest bank.
Seadrill subsidiary to be delisted in New York
A subsidiary of struggling offshore drilling contractor Seadrill will be delisted from the New York Stock Exchange after the company filed for chapter 11 bankruptcy.