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

September 12, 2017
Total Views: 13

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

August 24, 2017
Total Views: 238

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

July 26, 2017
Total Views: 3

Thursday, July 13, 2017
seadrill drillship
Maritime News

Turkey Sends Ships and Submarine to Monitor Drillship Near Cyprus

ISTANBUL, July 13 (Reuters) – Turkey has sent two ships and a submarine to monitor a drilling vessel in the eastern Mediterranean Sea, the military said

July 13, 2017
Total Views: 55

Wednesday, May 24, 2017
seadrill falls

Seadrill Debt Talks Progress and New CEO Named

By Mikael Holter (Bloomberg) — Seadrill Ltd. jumped as much as 26 percent as the offshore driller controlled by John Fredriksen said it’s getting

May 24, 2017
Total Views: 31

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

April 5, 2017
Total Views: 86

Tuesday, April 4, 2017
seadrill drillship
Maritime News

Seadrill Drops to Record Low After Warning on Shareholder Losses

By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, fell 38 percent after warning its

April 4, 2017
Total Views: 40

Monday, March 13, 2017

Billionaire Fredriksen Buys ‘West Mira’ Rig, Ending Hyundai Dispute

OSLO, March 13 (Reuters) – Billionaire investor John Fredriksen has agreed to buy an oil drilling vessel from South Korean shipyard Hyundai Samho Heavy

March 13, 2017
Total Views: 135

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

February 28, 2017
Total Views: 9

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

January 31, 2017
Total Views: 80

Tuesday, October 4, 2016
seadrill drillship

Fredriksen Could Lend Seadrill $1.2 Billion to Restructure Debt, Sources Say

By Mikael Holter and Luca Casiraghi (Bloomberg) — Seadrill Ltd.’s billionaire chairman and largest shareholder, John Fredriksen, is willing to

October 4, 2016
Total Views: 4

Monday, August 29, 2016

Exploratory Drilling Hits 70-Year Low Water Mark

by Mikael Holter (Bloomberg) Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year,

August 29, 2016
Total Views: 60

Thursday, August 25, 2016
west gemini drillship

Seadrill Beats Estimates, Says Oil Industry May Be ‘At or Near Bottom’

OSLO, Aug 25 (Reuters) – Norway-listed offshore driller Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, said

August 25, 2016
Total Views: 0

Friday, July 29, 2016
Deepwater Champion Drillship

Deepwater Drillers “Will Not Recover Anytime Soon” Despite Supplier Uptick, Says Analysts

BY GWLADYS FOUCHE AND STEPHEN JEWKES (Reuters) European suppliers to the oil industry, hit by their customers’ spending cutbacks over the past two years,

July 29, 2016
Total Views: 4

Thursday, June 9, 2016
west gemini drillship

Seadrill Will Make Second Bond Swap in a Month to Trim Debt Load

By Rakteem Katakey (Bloomberg) — Seadrill Ltd., the offshore driller seeking to cut its debt load, agreed to swap bonds for equity in the second such

June 9, 2016
Total Views: 40

Thursday, May 26, 2016
seadrill drillship

Fredriksen’s Seadrill Says Rig Market Has Bottomed

By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore rig operator controlled by billionaire John Fredriksen, says the worst market downturn in a

May 26, 2016
Total Views: 7

Friday, April 29, 2016
Seadrill Semi-Rig West Pegasus
Maritime News

Seadrill Makes First Step Toward Refinancing

By Stephen Treloar and Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller with the biggest debt load, reached a deal with its banks to

April 29, 2016
Total Views: 310

Wednesday, March 30, 2016
seadrill rig
Maritime News

Seadrill Said to Hire Help on Debt Talks

By Luca Casiraghi, Dinesh Nair and Steven Church (Bloomberg) — Seadrill Ltd., the offshore driller with the biggest debtload, hired Houlihan Lokey Inc.

March 30, 2016
Total Views: 30

Monday, March 7, 2016
seadrill rig
Maritime News

Seadrill Surges as Short Wagers Squeezed Amid Bailout Talk

By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller struggling with the industry’s biggest debt load, surged by a record for a second

March 7, 2016
Total Views: 2

Wednesday, March 2, 2016

Billionaire John Fredriksen Calls End to Salmon Rally as Seadrill Struggles

by Mikael Holter (Bloomberg) — John Fredriksen is calling an end to the salmon rally. The Norwegian-born oil and shipping tycoon on Tuesday sold a $510

March 2, 2016
Total Views: 13