Offshore rig contractor Seadrill narrowed its second quarter losses by delivering "solid operational performance", characterised by a utilisation rate of 96%.
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 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.
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 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.
Rig operator Seadrill increased its losses for the start of 2019 amid lower utilisation of its fleet.
Greenpeace has boarded an oil rig in Norway in protest to drilling plans in the Arctic.
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.
A faulty extension cord and fume cabinet led to a fire breaking out on a drilling rig offshore Norway in November.
Bosses at rig contractor Seadrill said the market continued to show signs of improvement as revenues picked up in the fourth quarter.
A "well control" incident on the West Hercules rig is being investigated by Norway's offshore safety watchdog.
Global offshore drilling firm Seadrill has introduced a numbers of measures to revolutionise rig work, according to the company's data chief.
Equinor has booked Seadrill's West Hercules rig for two wells in the Barents Sea in spring 2019.
A judge has ordered Tullow Oil to pay fees amounting to $254 million to Seadrill over the termination of a contract.
Oil and gas industry contractor Seadrill has emerged from chapter 11 bankruptcy.
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 said today that its "reorganisation plan" had been approved by a US Bankruptcy Court.
Offshore drilling firm Seadrill today reported huge net losses of more than £2billion in its 2017 end of year results.
Offshore drilling firm Seadrill said today that its reorganisation plan had received "virtually unanimous support".
Seadrill has reached a settlement with bondholders and creditors in its chapter 11 cases.
Bosses at Seadrill are close to reaching a deal to restructure the struggling drilling rig company’s finances, a news report said.
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.
The Oslo Stock Exchange will admit the shares of a new offshore drilling contractor set up by billionaire John Fredriksen.
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.
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.