Seadrill Limited has today completed the transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with vendor [...]
Seadrill Limited (“Seadrill) has today entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be [...]
GE’s Power Conversion business (NYSE: GE) has signed a multi-million dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semi-submersible drilling platform HHI is building for Seadrill Ltd., which is expected to work in either the North Sea or [...]
Seadrill and SapuraKencana have today completed the the transaction to integrate Seadrill Limited’s (“Seadrill”) tender rig division into SapuraKencana Petroleum Berhad (“SapuraKencana”) The agreed upon acquisition price is for an enterprise value of US$2.9 billion, which includes cash, SapuraKencana shares, all debt in the tender rig business, and Seadrill’s future capital commitments for newbuilds. The incremental [...]
Seadrill Partners LLC, a limited liability company recently formed by Seadrill Limited to own, operate and acquire offshore drilling rigs, announced yesterday that Tony Curry has been appointed to its board of directors. Curry will also serve on the conflicts committee of Seadrill Partners. Simultaneously, Bert Bekker (Director of Seadrill Partners LLC) will step down from the conflicts [...]
Seadrill Limited, one of the worlds leading offshore drilling contractors, announced today that Bert Bekker and Paul Leand Jr. have been appointed to its board of directors to fill vacancies that exist on the Board. Bekker has worked in the heavy marine transport industry since 1978, as both a director and executive. Bekker has served [...]
Seadrill Limited, one of the world’s biggest offshore drilling contractors, has today acquired additional 100 shares of Asia Offshore Drilling Limited . The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,647 shares in the Company, corresponding to 66.23% of the total number of outstanding shares [...]
One of the world’s largest offshore drilling contractors, Seadrill Limited, yesterday acquired additional 14,153 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,547 shares in the Company, corresponding to 66.23% of the total number of outstanding shares in [...]
Seadrill Limited has today acquired additional 2,488 shares of Asia Offshore Drilling Limited. The shares were acquired at the price of NOK 28.70 per share. Following this acquisition, Seadrill will be the owner of 39,709,313 shares in the Company, corresponding to 66.18% of the total number of outstanding shares in the Company. Press Release, March [...]
HR faces big challenges in the oil and gas industry due to an ageing working force and huge skill shortages, according to Derek Massie, former SVP HR at deepwater drilling company, Seadrill.
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