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
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.
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.