Seadrill sells 2007-built jack-up West Prospero for $45M
Offshore drilling contractor Seadrill Limited (NYSE: SDRL) reports that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million. “With the sale of the West
Seadrill
Seadrill books Petrobras contracts worth $1.1 billion
In another sign of the uptick in the offshore drilling sector, Brazil’s Petrobras has awarded Seadrill Limited a pair of 1,064-day fixed-term contracts for its drillships West Auriga and West Polaris. Awarded
Organizational changes at Seadrill
As previously announced, offshore driller Seadrill Limited (NYSE & OSE: SDRL) has decided to close its London, England, office and consolidate its corporate office in Houston. Someone who won’t be making the
Offshore drilling: More cold-stack floaters set for reactivation?
With demand for offshore drilling rigs pushing up, will more drilling contractors start reactivating cold-stacked floaters? London-based Maritime Strategies International (MSI) says that, while the market for floaters has long since crossed
Seadrill in $958 million acquisition of Aquadrill
Offshore drilling contractors Seadrill Limited (NYSE & OSE: SDRL) and Aquadrill LLC have entered into a definitive merger agreement that will see Seadrill acquire Aquadrill in an all-stock transaction. On completion of
Alumnus appointed master of Maine Maritime training ship
Maine Maritime Academy (MMA), Castine, Maine, has a hired alumnus Capt. Gordon “Mac” MacArthur to serve as master aboard the academy’s training ship State of Maine. With over 30 years of experience
Seadrill in 50:50 JV with Angola’s Sonangol
FEBRUARY 6, 2019 — Seadrill Limited said today that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.. The
Seadrill set to exit Chapter 11 bankruptcy
APRIL 18, 2018 — Offshore drilling contractor Seadrill Limited reports that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. Seadrill says the
Seadrill at “pivotal moment” in restructuring plans
FEBRUARY 26, 2018 — John Fredriksen controlled offshore drilling contractor Seadrill Limited reports that it has succeeded in reaching a global settlement with an ad hoc group of bondholders, the official committee
Seadrill files for Chapter 11 bankruptcy
SEPTEMBER 12, 2017 — Offshore drilling contractor Seadrill Limited has today filed prearranged Chapter 11 cases in the Southern District of Texas together with an agreed restructuring plan. As part of the