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: 2817

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: 2610

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 which will involve a...

February 11, 2021
Total Views: 1945

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 immediate effect, following a corruption investigation...

September 29, 2020
Total Views: 53

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 less supportive of an offshore-rig company struggling...

November 21, 2019
Total Views: 16

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. The nine-well contract includes three options, each for...

July 19, 2019
Total Views: 42

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 recommended selling the shares and...

May 28, 2019
Total Views: 3

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 the firm portion of the contract...

September 18, 2018
Total Views: 50

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: 20

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: 3

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 Shipbuilding & Marine Engineering (DSME) for the bargain price of just US...

May 9, 2018
Total Views: 15

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: 3

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: 103

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: 10

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: 6

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