seen from United States
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seen from South Korea
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seen from Singapore
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Seadrill seals new drillship contract with Petrobras
[Image description: an oil drilling ship.]
Offshore driller Seadrill has secured a contract with Petrobras for work in the Búzios field offshore Brazil for the 2014-built drillship West Jupiter.
The contract is for a firm term of 1,040 days with commencement expected in December of next year. The total contract value is approximately $264m, inclusive of mobilisation revenue and additional services.
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Definitely can’t complain about the accommodations on this ship. #shiplife #seadrill #gym #workout #wod #roguefitness https://www.instagram.com/p/BwFC6kFFHij/?utm_source=ig_tumblr_share&igshid=16imuwsb5bjl9
Seadrill files for Chapter 11 bankruptcy, nearly wiping out shareholders
Seadrill files for Chapter 11 bankruptcy, nearly wiping out shareholders
Getty Images (Reuters) – Seadrill Ltd, the indebted oil rig firm controlled by Norwegian billionaire John Fredriksen, has agreed a restructuring that almost wipes out existing shareholders after filing for Chapter 11 bankruptcy protection. A deal with a consortium of investors, as well as bank lenders and many of its bond… Business Insider
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Seadrill Files for Chapter 11 Bankruptcy Protection in Texas
Seadrill Files for Chapter 11 Bankruptcy Protection in Texas
LONDON—Seadrill Ltd., one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court as part of a plan to restructure roughly $ 10 billion in debt, it said Wednesday. The Bermuda-based company is controlled by Norwegian shipping magnate John Fredriksen and operates a fleet of 68 rigs and drillships for customers…
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Why Seadrill Partners LLC Dropped Almost 15% in July
Why Seadrill Partners LLC Dropped Almost 15% in July
What happened Shares of Seadrill Partners LLC (NYSE: SDLP) , a subsidiary of offshore oil-rig operator Seadrill (NYSE: SDRL) , sank 14.4% in July. By contrast, its beleaguered parent actually finished the month up 2.3%. The entire offshore rig industry has been hit hard by collapsing oil prices , and Seadrill and Seadrill Partners are no exceptions. Although it’s a little unclear exactly why…
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Seadrill versus Transocean: How Long Can They Survive Low Oil Prices? - Investopedia
Seadrill versus Transocean: How Long Can They Survive Low Oil Prices? – Investopedia
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In the past 12 months, crude oil prices luxuriate in stabilized in the $45 – $55 range for West Texas intermediate crude (WTI), off of its $30 lows in early 2016. Even though these levels are 50% below its $100 price tag prior to the mid-2015 sell-off, it is allowing many struggling oil producers to recover to profitability. However, some segments of the petroleumindustry that specialize…
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Is Seadrill Worth the Risk? - Investopedia
Is Seadrill Worth the Risk? – Investopedia
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Oil prices devour held fairly regular, with the price of a barrel of West Texas intermediate crude (WTI) fluctuating between $45 and $55 a barrel over the past year or so. This has been a welcome recovery by the oil industry, up from the $30 lows seen in early 2016. Still, these prices are well below the $100 range seen prior to the 2015 collapse in the value of crude. At $55 a barrel,…
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