Seadrill

Market info

Seadrill shares surge on loan promise

04/10/2016

Seadrill Ltd.’s billionaire chairman and largest shareholder, John Fredriksen, is willing to lend the rig company as much as $1.2 billion as part of a potential deal with banks and bondholders to restructure the biggest debt load in the offshore-drilling industry, two people familiar with the matter said.

Oil & Gas

Seadrill pens £170m rig contract extension with Saudi Aramco

29/07/2016

A London-headquartered offshore drilling contractor has agreed to rent out two of its rigs to a customer in the Middle East for another three years in a deal worth $225million (£170million). Saudi Aramco has been leasing Seadrill’s AOD I and AOD II jack-up rigs since 2013. In line with the new agreement, Saudi Aramco will keep hold of the platforms until summer 2019.

People

Seadrill appoints new VP

02/06/2016

Seadrill has appointed Anton Dibowitz as executive vice president, adding to his ongoing role as chief commercial officer and freeing chief executive Per Wullf to focus on a refinancing process.

Market info

Seadrill stock rises on speculation of bailout

04/03/2016

Offshore drilling firm Seadrill rose the most in more than seven years as investors covered short bets after the company’s main owner, billionaire John Fredriksen, freed up $510 million in cash, fueling speculation of a bailout.

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