Seadrill Ltd Company News

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Sidetrack Success Follows Tornado Dump Flood in Gulf of Mexico
The Tornado Attic sidetrack well in the deepwater Gulf of Mexico discovered pay in line with pre-drill expectations.
8:00 PM EST | June 03, 2021
Offshore Angola Contract Could Lead to 32 Wells
The firm portion is worth approximately $131 million.
8:00 PM EST | May 16, 2021
Seadrill Wins Contract to Support Pioneering GOM Project
Talos Energy has contracted a Seadrill drillship for the Tornado Attic well in the deepwater Gulf of Mexico.
8:00 PM EST | May 05, 2021
$380MM Brazil Drilling Contract Goes to Seadrill
The contract for West Saturn hinges on the Bacalhau partners' final investment decision. PHOTO SOURCE: Seadrill
8:00 PM EST | April 26, 2021
Vantage Drilling to Operate Seadrill Rigs
Units of Vantage will manage, operate, and market four Seadrill deepwater floaters.
8:00 PM EST | March 21, 2021
Seadrill Seeks Bankruptcy Protection for Asia Units
Seadrill Ltd, the rig operator controlled by billionaire John Fredriksen, filed for bankruptcy protection for its Asian units.
7:00 PM EST | February 07, 2021
Seadrill Wins GOM Contracts
Seadrill Ltd has added approximately $52 million of backlog following the end of the third quarter of 2020.
7:00 PM EST | November 22, 2020
Seadrill to Cut 168 Jobs in Houston
Seadrill Americas has notified employees of pending layoffs at its 11025 Equity Dr., Suite 150 location in Houston.
8:00 PM EST | August 13, 2020
Seadrill Cold Stacking Sevan Louisiana Rig, Laying Off Staff
About 135 employees assigned to the rig will be laid off beginning in June.
8:00 PM EST | June 14, 2020
Seadrill's West Polaris Contract Terminated Early
The contract is now expected to end in early November 2020.
8:00 PM EST | May 17, 2020
Neptune Claims Subsea Feat Offshore Norway
This image, captured from a video provided by Neptune Energy, shows the company's dual drilling operation using Seadrill's West Phoenix semi-sub. IMAGE SOURCE: Neptune Energy
8:00 PM EST | May 13, 2020
Seadrill Rig Order Goes to Semco
This photo shows the Seadrill-operated West Bollsta harsh-environment rig, which will mobilize on the Norwegian Continental Shelf. PHOTO SOURCE: Semco Maritime.
7:00 PM EST | January 23, 2020
Seadrill-Operated Rig Claims Low Emission Milestone
Pictured is North Drilling's Seadrill-operated West Mira semisub. PHOTO SOURCE: Wintershall Dea
7:00 PM EST | November 24, 2019
Seadrill Aims for Increased Offshore Safety with New Technology
Offshore drilling contractor Seadrill Limited has introduced a new technology to enhance offshore safety.
8:00 PM EST | August 18, 2019
Seadrill Gains Foothold in Key Jackup Market
Seadrill and GDI have formed a 50:50 joint venture.
8:00 PM EST | August 15, 2019
Seadrill Wins West Africa Contract
Seadrill Limited reported Wednesday that it has secured a contract for its West Gemini drillship in West Africa.
8:00 PM EST | July 17, 2019
Fredriksen Is Back in Rigs After $5 Billion Vanished in Seadrill
The Norwegian-born "Big Wolf" is placing a new wager on offshore drilling.
8:00 PM EST | July 05, 2018
Seadrill CEO Sees Consolidation Speeding Up Drilling Market Recovery
Consolidation among smaller offshore oil rig companies would help to boost a recovery in the drilling market, Seadrill CEO says.
8:00 PM EST | July 02, 2018
Seadrill Emerges From Chapter 11 Bankruptcy
Seadrill says it successfully completed its reorganization, emerging from a US Chapter 11 bankruptcy process launched last September.
8:00 PM EST | July 01, 2018
Seadrill Gets US Court Approval For Bankruptcy Exit Plan
A US judge saya he would approve Seadrill's plan to exit its Chapter 11 bankruptcy.
8:00 PM EST | April 16, 2018
Seadrill Postpones Court Hearing For Restructuring Talks
Seadrill said in a court filing it postponed an initial hearing on its restructuring plan to Feb. 7.
7:00 PM EST | January 24, 2018
Norway's Seadrill Gets Two Rival Debt Restructuring Proposals
Seadrill receives two additional non-binding proposals from bondholders for a debt restructuring.
8:00 PM EST | October 22, 2017
Seadrill's Debt Overhaul Faces Creditor Scrutiny
Seadrill's $12.7 billion debt restructuring faces a critical phase as hold-out creditors prepare to challenge the plan put forward by John Fredriksen.
8:00 PM EST | October 01, 2017
Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden
Seadrill files for bankruptcy protection after working out a deal with almost all its senior lenders to inject $1B of new money into the company.
8:00 PM EST | September 12, 2017
Seadrill Warns Again Of Chapter 11 As Extends $14B Debt Talks
Seadrill again delayed restructuring its $14 billion in debt and liabilities and reiterated that Chapter 11 bankruptcy was likely.
8:00 PM EST | July 25, 2017
Seadrill in a Free Fall Is Fodder for Day Traders as Hope Fades
Seadrill is now at the mercy of short-term speculators as the biggest funds avoid the offshore driller amid a struggle to avoid bankruptcy.
8:00 PM EST | April 04, 2017
Seadrill Drops to Record Low After Warning on Shareholder Losses
Seadrill fell 38% after warning its shareholders and bond investors they can expect steep losses.
8:00 PM EST | April 03, 2017
Billionaire Fredriksen Buys Rig, Ends Hyundai Dispute
Billionaire investor John Fredriksen agrees to buy an oil drilling vessel from South Korean shipyard Hyundai Samho Heavy Industries.
8:00 PM EST | March 12, 2017
Consultancy Firm: Seadrill's Fleet Value Declines
The total value of Seadrill's fleet has dropped by more than $3 billion since January 2014, according to the latest data from maritime consultancy firm VesselsValue.
7:00 PM EST | March 01, 2017
Rig Firm Seadrill Says $8B Debt Talks 'Complex', Expects 2Q Deal
Seadrill says talks to restructure its $8 billion debt have taken longer than expected, but it is aiming for a deal in the second quarter.
7:00 PM EST | January 30, 2017
Rig Company Seadrill Sees Rough 2017 Despite Aramco Extension
Seadrill says it signed a three-year contract extension with Saudi Aramco.
7:00 PM EST | December 28, 2016
Rig Firm Seadrill Postpones Deadline On $9 Billion Debt Restructuring
Oil drilling rig operator Seadrill has again postponed a deadline for restructuring its $9 billion debt, the company says.
7:00 PM EST | November 15, 2016
Seadrill Says Oil Industry May Be Turning As 2Q Beats Forecast
Seadrill says the oil industry may be turning a corner as it posts Q2 earnings above forecasts.
8:00 PM EST | August 24, 2016
Pemex Cancels West Pegasus Drilling Contract
Seadrill Limited receives a notice of termination from Pemex Exploracion y Servicios for the West Pegasus drilling contract, effective Aug. 16.
8:00 PM EST | August 21, 2016
NADL, Jurong Shipyard Extend Standstill Agreement for West Rigel
North Atlantic Drilling Ltd. and Jurong Shipyard extend a standstill agreement for delivery of West Rigel semisub to September.
8:00 PM EST | June 07, 2016
Seadrill Appoints New Executive Vice President
The board of Seadrill Limited appoints Anton Dibowitz as the executive vice president of Seadrill Management Ltd.
8:00 PM EST | June 01, 2016
Seadrill Warns of Further Cost-Cutting in 2016
Seadrill will be cutting costs by approximately $340 million this year, after warning that the offshore drilling market "remains challenging".
8:00 PM EST | May 25, 2016
Term Sheet: Seadrill Sells Stake In Sapurakencana Petroleum For $198M
Seadrill sold its 8.2 percent stake in Malaysia's Sapurakencana Petroleum for $198 million.
8:00 PM EST | April 27, 2016
Seadrill Plans to Lay Off More Than 100 Workers in Houston
Offshore deepwater drilling contractor Seadrill Americas will cut 112 jobs on one of its offshore rigs.
8:00 PM EST | April 17, 2016
Seadrill Said to Line Up Houlihan, Morgan Stanley for Debt Talks
Seadrill, the offshore driller with the biggest debtload, hired Houlihan Lokey and Morgan Stanley to advise it in negotiations on restructuring $11 billion of loans and bonds.
8:00 PM EST | March 29, 2016
Seadrill Secures Contract Extension for West Tellus Rig
Seadrill Limited receives an 18 month contract extension for the West Tellus drillship by Petroleo Brasileiro SA, commencing in April 2018.
8:00 PM EST | March 22, 2016
Seadrill Surges 33%, Squeezing Shorts, as CEO Sees 2Q Refinancing
Shares in Seadrill shoot up by a third, as its chief executive says short-sellers are starting to panic at the prospect its refinancing plan will succeed.
7:00 PM EST | March 06, 2016
SNM's Newbuild PSLV Sapura Jade Commences Work for Petrobras Off Brazil
Sapura Navegacao Maritima's newbuild pipelay support vessel Sapura Jade commences work with Petrobras on schedule offshore Brazil.
7:00 PM EST | February 18, 2016
Seadrill Defers Delivery of Drillships from DSME
Seadrill says it is delaying the delivery of two ultra-deepwater drillships from South Korea's DSME.
7:00 PM EST | January 14, 2016
Rig Firm Seadrill Sees Difficult Market through 2017
Offshore driller Seadrill sees a challenging market throughout 2017 as low crude prices and cost cuts among oil companies continue to push daily rate hires below cost breakeven.
7:00 PM EST | January 13, 2016
Paper: Billionaire Fredriksen to Buy Up Distressed Oil Rig Assets
Norwegian-born billionaire John Frediksen sets up a company to snap up oil rigs from firms struggling with low crude prices.
7:00 PM EST | December 17, 2015
Seadrill Posts Operating Loss, Increases Cost Savings Target
Following an operating loss of $291 million in 3Q 2015, Seadrill Limited increases its cost savings target for the year to $600 million.
7:00 PM EST | November 23, 2015
Rig 'Graveyard' Looms as Statoil Cuts North Sea Drillers Loose
The pressure is building on North Sea drillers starved of contracts as Statoil deepens cuts in investment to cope with a collapse in crude prices.
7:00 PM EST | November 02, 2015
Offshore Rig Driller Seadrill Hopes To See Market Turn In 2017
Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.
8:00 PM EST | October 07, 2015
Husky Scraps Seadrill Drilling Contract
Husky Oil Operations cancels a drilling contract with Seadrill for the West Mira (UDW semisub).
8:00 PM EST | September 21, 2015