Friday, December 23, 2022

Seadrill Acquires Aquadrill in All-Stock Deal

Offshore drilling contractor Seadrill (NYSE and OSE: SDRL) has entered into a definitive agreement to acquire UK-based Aquadrill in an all-stock transaction.

December 23, 2022
Total Views: 696

Friday, May 27, 2022
offshore oil and gas rig

Offshore Rig Dayrates ‘Quickly Heading’ to $400,000

By Nerijus Adomaitis OSLO, May 27 (Reuters) – Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production

May 27, 2022
Total Views: 3693

Wednesday, February 23, 2022

Seadrill Emerges from Chapter 11 Bankruptcy

Offshore drilling contractor Seadrill has emerged from its second bankruptcy in four years after successfully completing its reorganization pursuant to its

February 23, 2022
Total Views: 1217

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,

July 20, 2021
Total Views: 2844

Sunday, April 4, 2021
semisubmersible drilling rig at sea

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

April 4, 2021
Total Views: 2623

Thursday, February 11, 2021

Seadrill Files for Chapter 11 Bankruptcy

Seadrill Ltd and most of its subsidiaries have filed for Chapter 11 proceedings in the Southern District of Texas as part of a balance sheet restructuring

February 11, 2021
Total Views: 1963

Tuesday, September 29, 2020
golar seal lng carrier klaipeda
Maritime News

Golar LNG Unit CEO Takes Leave of Absence Amid Brazil Corruption Investigation

Sept 29 (Reuters) – Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with

September 29, 2020
Total Views: 123

Thursday, November 21, 2019
seadrill drillship
Maritime News

Fredriksen Steps Down as Seadrill’s Board Chairman

By Mikael Holter (Bloomberg) — Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., raising the question of whether he could become

November 21, 2019
Total Views: 38

Friday, July 19, 2019
west gemini drillship
Maritime News

Seadrill’s West Gemini Awarded Contract in West Africa

Offshore drilling contractor Seadrill has announced a contract award from an undisclosed customer for its ultra-deepwater drillship West Gemini in West Africa.

July 19, 2019
Total Views: 68

Tuesday, May 28, 2019
seadrill drillship
Maritime News

Seadrill’s Plunge Deepens After Analysts Slash Target

By Mikael Holter (Bloomberg) — Seadrill Ltd. plunged to the lowest since it emerged from bankruptcy less than year ago after Carnegie Investment Bank AB

May 28, 2019
Total Views: 6

Tuesday, September 18, 2018
westa quarius rig
Maritime News

ExxonMobil Contracts Semi-Submersible West Aquarius for Work Offshore Canada

Seadrill Partners announced it has secured a one-well contract with ExxonMobil for its semi-submersible West Aquarius off the east coast of Canada. Backlog for

September 18, 2018
Total Views: 78

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

July 6, 2018
Total Views: 49

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

June 8, 2018
Total Views: 6

Wednesday, May 9, 2018
seadrill drillship

John Fredriksen’s Northern Drilling Snaps Up Newbuild Drillships on the Cheap

John Fredriksen-controlled Northern Drilling has entered into agreements to acquire two newbuild ultra-deepwater drillships from South Korea’s Daewoo

May 9, 2018
Total Views: 31

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

February 26, 2018
Total Views: 9

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

February 18, 2018
Total Views: 6

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

February 16, 2018
Total Views: 341

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

January 11, 2018
Total Views: 6

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,

December 29, 2017
Total Views: 234

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

September 14, 2017
Total Views: 367