Tuesday, July 20, 2021

Buyers Circle Seadrill as it Plots Bankruptcy Exit

By David French (Reuters) Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by...

July 20, 2021
Total Views: 2785

Sunday, April 4, 2021
semisubmersible drilling rig

Seadrill Proposes Debt Write-Off in Bankruptcy Court -Report

By Rafaela Lindeberg (Bloomberg) — Offshore contractor Seadrill Ltd., owned by billionaire John Fredriksen, is proposing a debt write-off of just over $4.8 billion, according to Finansavisen. The proposal, sent to the U.S....

April 4, 2021
Total Views: 2607

Friday, July 6, 2018
seadrill drillship
Maritime News

John ‘Big Wolf’ Fredriksen Steers Seadrill Back to Life After Taking $5 Billion Hit

By Mikael Holter (Bloomberg) — John Fredriksen’s stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the oil-market crash. Now, the Norwegian-born shipping tycoon is placing...

July 6, 2018
Total Views: 16

Monday, July 2, 2018
seadrill falls

Seadrill Emerges from Chapter 11

Offshore drilling contractor Seadrill Limited announced Monday it has emerged from chapter 11 after successfully completing its commitments under a plan of reorganization. The restructuring plan, which was confirmed by...

July 2, 2018
Total Views: 13

Friday, June 8, 2018
seadrill rig
Maritime News

Bankrupt Seadrill Anticipates Emerging from Chapter 11 in July

Bankrupt offshore drilling contractor Seadrill has announced that it anticipates emerge from the chapter 11 process in the first half of July 2018 upon completion of its commitments under a...

June 8, 2018
Total Views: 2

Monday, February 26, 2018
seadrill falls

Seadrill Reaches Joint Restructuring Deal with Creditors

By Nerijus Adomaitis and Tom Hals OSLO/WILMINGTON, Del., Feb 26 (Reuters) – Shipping tycoon John Fredriksen has reached an agreement with a majority of creditors over a restructuring plan for oil...

February 26, 2018
Total Views: 6

Sunday, February 18, 2018
Norwegian-born shipping tycoon Fredriksen
Maritime News

Fredriksen ‘Close’ Seadrill Debt Restructuring Deal

OSLO, Feb 17 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close to reaching a final agreement with banks, bondholders and South Korean shipyards on a financial restructuring plan,...

February 18, 2018
Total Views: 3

Friday, February 16, 2018
seadrill drillship

Seadrill Close to Restructuring Deal with Bondholders, Sources Say

By Nerijus Adomaitis and Tom Hals OSLO/WILMINGTON, Delaware, Feb 15 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close to a deal with unsecured bondholders and South Korean shipyards on...

February 16, 2018
Total Views: 0

Thursday, January 11, 2018
seadrill drillship

Fredriksen Seen as `Central’ to Seadrill Solution, DNB Says

By Mikael Holter (Bloomberg) — 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...

January 11, 2018
Total Views: 3

Friday, December 29, 2017

Billionaire John Fredriksen’s Battle at Sea

by Chris Hughes (Bloomberg) Shipping billionaire John Fredriksen struck a deal to save his Seadrill Ltd oil services company from collapse in 2017. Next year, he faces a fight to...

December 29, 2017
Total Views: 97

Thursday, September 14, 2017
seadrill drillship

John Fredriksen Chucks Seadrill Bondholders Overboard to Keep Company Afloat

By Chris Hughes (Bloomberg Gadfly) — Founder John Fredriksen has had to watch the value of Seadrill Ltd fall from more than $20 billion to barely $100 million in the...

September 14, 2017
Total Views: 2

Wednesday, September 13, 2017
Maritime News

Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden

By Steven Church, Mikael Holter, Angelina Rascouet and Luca Casiraghi (Bloomberg) — Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, filed for bankruptcy protection after working out a deal with...

September 13, 2017
Total Views: 9

Tuesday, September 12, 2017
seadrill falls

Seadrill Files for Prearranged Chapter 11 Bankruptcy as Part of Comprehensive Restructuring Plan

Seadrill has commenced its long-awaited comprehensive restructuring plan which includes a prearranged Chapter 11 bankruptcy as the offshore driller finally reaches a deal to restructure nearly $6 billion worth of...

September 12, 2017
Total Views: 4

Thursday, August 24, 2017
seadrill falls

Seadrill Decision on Chapter 11 Bankruptcy Planned for Next Month

By Nerijus Adomaitis and Joachim Dagenborg OSLO, Aug 24 (Reuters) – Offshore driller Seadrill plans to launch a long-awaited Chapter 11 debt restructuring by Sept. 12, aims to raise $1...

August 24, 2017
Total Views: 1

Wednesday, July 26, 2017
seadrill falls

Seadrill Warns Chapter 11 ‘Likely’ as Offshore Driller Extends $14 Billion Debt Talks

By Ole Petter Skonnord OSLO, July 26 (Reuters) – Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11...

July 26, 2017
Total Views: 2

Wednesday, April 5, 2017
seadrill falls
Maritime News

Seadrill at the Mercy of Day Traders as Biggest Funds Dump Stock

By Mikael Holter (Bloomberg) — Seadrill Ltd., once the crown jewel of billionaire John Fredriksen’s business empire, is now at the mercy of short-term speculators as the biggest funds avoid the...

April 5, 2017
Total Views: 2

Tuesday, February 28, 2017
seadrill drillship
Maritime News

Seadrill at Risk for Chapter 11 Bankruptcy

By Gwladys Fouche and Ole Petter Skonnord OSLO, Feb 28 (Reuters) – Rig firm Seadrill, battling with $14 billion in debt and liabilities, said on Tuesday it may have to...

February 28, 2017
Total Views: 7

Tuesday, January 31, 2017
seadrill rig

Seadrill Seeks Minimum $1 Billion Lifeline as Debt Deal Delayed Again

By Gwladys Fouche and Joachim Dagenborg OSLO, Jan 31 (Reuters) – Oil rig firm Seadrill is looking to raise at least $1 billion in new capital as it warned talks...

January 31, 2017
Total Views: 27