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
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.
Seadrill clears first Chapter 11 hurdle
Seadrill has cleared the first Chapter 11 hurdle.
Seadrill files for bankruptcy to shrink offshore driller’s debt
Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, filed for bankruptcy protection after working out a deal with almost all its senior lenders to inject $1 billion of new money into the company.
Seadrill in line for Chapter 11 bankruptcy within weeks
Struggling offshore drilling contractor Seadrill said today that it expects to file for chapter 11 bankruptcy proceedings within weeks.
Seadrill gives North Atlantic more breathing room on credit facility
Offshore drilling contractor Seadrill has pushed back the maturity date of a revolving credit facility it provided for North Atlantic Drilling.
Seadrill gets more breathing room on restructuring deadline
Struggling offshore drilling contractor Seadrill said today that its lender had agreed to extend the negotiating period for its restructuring plan until September 12.
Seadrill wins work for West Saturn worth $26m
Seadrill has landed a deal with Statoil Brasil Óleo e Gas for its West Saturn ultra deepwater drillship.
North Atlantic Drilling puts off rig delivery
Jurong Shipyard has agreed to put back the delivery of a new rig to Seadrill-subsidiary North Atlantic Drilling to January 2018.
Siccar Point books rig for west Shetland well
Siccar Point Energy (SPE) has booked a rig for an appraisal well west of Shetland.
Deadline extended for North Atlantic Drilling to partner up with Russia’s Rosneft
Seadrill subsidiary North Atlantic Drilling (NADL) has extended the deadline for closing a landmark deal with Russia's state-run Rosneft.
Seadrill names new CEO, firm sees North Sea activity increase
Seadrill this morning confirmed the appointment of Anton Dibowitz as chief executive.
Seadrill guarantees worth $250m swapped for 10% cash payment
More than $250million in financial guarantees provided by offshore drilling contract Seadrill will be swapped for a cash payment of $25million.
Seadrill doubles subsidiary North Atlantic’s lending facility
Seadrill, a London-headquartered offshore drilling contractor, has doubled the size of a credit facility handed to its subsidiary, North Atlantic Drilling.
Biggest funds ‘shun’ Fredriksen’s troubled Seadrill
Seadrill, once the crown jewel of billionaire John Fredriksen’s business empire, is at the mercy of short-term speculators as the biggest funds shun the offshore driller amid a struggle to avoid bankruptcy.
Seadrill secures more time for restructure, discusses Chapter 11
Seadrill has secured three more months to hammer out is restructuring bid.
Billionaire Fredriksen builds new rig unit amid Seadrill woes
Billionaire John Fredriksen, already involved in tough talks to restructure the debt of Seadrill Ltd., is planning to register a new offshore rig company next week as he seeks to take advantage of depressed prices for the giant machines.
Seadrill to net millions after settling contract dispute
Seadrill this morning confirmed it reached a settlement with Hyundai Samho Heavy Industries (HSHI) in relation to the West Mira dispute.
Seadrill can’t rule out Chapter 11
Offshore drilling contractor Seadrill said yesterday that it could file for chapter 11 bankruptcy proceedings if it cannot reach an agreement on its restructuring.
Seadrill boss-dayrates not improving, but scrapping expectations ushers in optimism
Seadrill's chief executive said while he doesn't expect day rates to increase, the slowdown in scrapping has left him feeling optimistic.
Seadrill nets three-year contract extension for jack-up rig
Seadrill said today that it had agreed a three year contract extension with Saudi Aramco for the AOD III jack-up rig.
Seadrill subsidiary confirms legal dispute with Statoil
A subsidiary of offshore drilling contractor Seadrill has confirmed it lodged a complaint against Statoil at a court in Stavanger.
Seadrill revenues down 25%, but bosses see positive signs
Offshore drilling contractor Seadrill suffered a 25% drop in revenues in the third quarter.
Seadrill says lending facility extended to April
Seadrill, a London-headquartered offshore drilling contractor, said today that it had agreed an extension on its lending facility.
Worst still to come for Norway offshore fleet as more rigs stacked
The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is in for even more pain, according to the head of the Norwegian Shipowners’ Association.