Hashtag: #Seadrill

Seadrill Offering $500M Unsecured Senior Notes

Seadrill Offering $500M Unsecured Senior Notes

Bermuda-based Seadrill Limited intends to offer US$500 million in aggregate principal amount of unsecured senior notes due 2020 in a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and to certain other persons outside of the United States in reliance on Regulation... Read more of this article

Seadrill Orders Four Ultra-Deepwater Drillships

Seadrill Orders Four Ultra-Deepwater Drillships

Bermuda-headquartered Seadrill has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project value price is estimated to be below US$600 million per unit [including project management, drilling and handling tools, spares,... Read more of this article

Seadrill: Majority Ownership In Asia Drilling Co.

Seadrill: Majority Ownership In Asia Drilling Co.

Bermuda-based Seadrill Limited has acquired 12,190,858 shares of Asia Offshore Drilling Limited. The shares were acquired at a price of US$5.00 per share [equals NOK28.71 based on the USD/NOK exchange rate set by the Norwegian Central Bank on 25 October]. Following this acquisition, Seadrill will be the owner of 25,690,958 shares in the Company, corresponding... Read more of this article

Seadrill Reports Q2 And Six Months 2012 Results

Seadrill Reports Q2 And Six Months 2012 Results

Bermuda-based Seadrill have today [Aug 27] reported their second quarter and six months 2012 results. Consolidated revenues for the second quarter of 2012 amounted to US$1,122 million compared to US$1,050 million in the first quarter 2012. Operating profit for the quarter was US$483 million compared to US$456 million in the preceding quarter. Net financial... Read more of this article

Seadrill Reports First Quarter 2012 Results

Seadrill Reports First Quarter 2012 Results

Bermuda-based Seadrill today [May 14] reported its first quarter 2012 results. Chief Executive Officer in Seadrill Management AS Alf C Thorkildsen says in a comment, “We are pleased to report another solid quarter for Seadrill reflecting a strong underlying operational performance. “Furthermore, the outlook and fundamentals for the oil and... Read more of this article

Bermuda’s SeaDrill Bullish On Future

Bermuda’s SeaDrill Bullish On Future

Seadrill’s newbuild semi-tender rig West Jaya was due to start work for BP late this month and another of the Bermuda company’s new harsh environment jackups, West Elara, should begin operations offshore Norway in December, on-line industry journal “Off-Shore” reports today [Nov.30]. The magazine — which covers trends and technology... Read more of this article

Bermuda Oil Rig Cited In Reef Disaster

Bermuda Oil Rig Cited In Reef Disaster

Recent undersea pictures and video have shown that conditions in Indonesia’s Timor Sea have deteriorated at an alarming rate, largely caused by a catastrophic 2009 oil spill which occurred following an accident on an oil rig owned by a Bermuda company. Australian and Indonesian experts claimed this week that around 158,000 acre of coral reefs... Read more of this article

Seadrill Sells Jack-Up Rig West Janus

Seadrill Sells Jack-Up Rig West Janus

Bermuda-domiciled Seadrill announced today [June 21] that it has entered into an agreement to sell the 1985 built jack-up drilling rig West Janus to Harrington LLC in Dubai for a total consideration of US$73 million. Seadrill expects to record a gain on the sale in excess of US$50 million on closing. Closing of the agreement and the transfer of ownership... Read more of this article

Seadrill Ponders Restructuring Plan

Seadrill Ponders Restructuring Plan

Bermuda based Seadrill is currently evaluating the structure of the Company’s harsh environment activities which include the six drilling rigs contracted in the North Sea area. In order to maximise the value of Seadrill’s harsh environment operations, and to create a basis for further strengthening of this segment, the company today [Feb.... Read more of this article

Seadrill in $380 Million China Oil Project

Seadrill in $380 Million China Oil Project

Bermuda-based Seadrill has entered into an agreement for the construction of two jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Co., Ltd (DSIC) in China. The new units are scheduled for delivery in the fourth quarter 2012 and first quarter 2013 respectively, and total project cost is estimated at $380 million, which include project... Read more of this article

Seadrill Rig: Gulf Of Mexico Cleanup

Seadrill Rig: Gulf Of Mexico Cleanup

Seadrill, a Bermuda domiciled company, confirmed today [June 3] that it would be giving support services in the Gulf of Mexico oil spill matter. The company’s ultra-deepwater semi-submersible West Sirius rig has been contracted by BP in its efforts to plug a blown-out well beneath the Gulf of Mexico. Reports say the rig will be earning $473,000... Read more of this article