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SeaDrill Limited (NYSE:SDRL) Reported The Settlement Of The West Mira Arbitration

SeaDrill Limited (NYSE:SDRL) declared that it has come into a settlement agreement with Hyundai Samho Heavy Industries Co. Ltd (HSHI). This is in relation to the West Mira arbitration. Settlement details As a part of the full settlement, Seadrill will receive $170 million in cash in March 2017. The arbitration process commenced in October 2015. […]

Seadrill Ltd (NYSE:SDRL) Extends Contracts With Saudi Arabian Oil Co.

Seadrill Ltd (NYSE:SDRL) has announced on Friday that it received three-year contract extensions from Saudi Arabian Oil Co., which is popularly known as Saudi Aramco, for the AOD I and AOD II jack-ups, which are now expected to expire by June and July 2019, respectively. With the extensions, Seadrill will continue the current existing contracts […]

Seadrill Ltd (NYSE:SDRL) Looking For Good In Tough Times

The current economic scenario is certainly not the best time for Seadrill Ltd (NYSE:SDRL). However, accounting the existing problems, the company has taken substantial measures to reduce its debt, which along with contract coverage will help it to deal with the tough times. There is shortage of good news in the offshore market, particularly for […]

Seadrill Ltd (NYSE:SDRL) Updates On The West Mira Construction Deal

The shares of offshore gas and oil driller Seadrill Ltd (NYSE:SDRL) gained yesterday after the company reported that it canceled the construction deal for West Mira. It is a high-specification semi-submersible ultra-deepwater drilling rig that was planned to be delivered by the end of this year. The company had paid $168 million in parts toward […]

How Will Seadrill Ltd (NYSE:SDRL) Be Impacted Due To Customer Concentration

In an article published on “The Motley Fool”, the author highlighted one crucial risk that Seadrill Ltd (NYSE:SDRL) investors might not be aware about. As of now, the two big largest threat faced by investors are declining oil prices and the surplus of oil rigs, particularly of the ultra-deepwater, high margin variety. These two are […]

Seadrill Ltd (NYSE:SDRL) – Stiff Resistance In The Band Of $15-$16

Seadrill Ltd (NYSE:SDRL) ended its fourth consecutive positive session with a gain of 0.76%. The stock has just been upgraded by Zephirin Group’s Longdley Zephirin, with an expectation of generating $532.4 million of free cash flow this year and the price objective is raised to $24 from the previous $22 levels. Most other investors differ […]

Seadrill Ltd (NYSE:SDRL) Subsidiary North Atlantic Drilling Further Delays $4.1 bilion Deal with Rosneft

Seadrill Ltd (NYSE:SDRL) has long been in talks for a deal worth $4.1 billion, with Rosneft Oil Co, in Russia, on mutual cooperation. Previously the deal had suffered a delay of two years, with further two years being added recently. The deal was to be made by Seadrill’s subsidiary, North Atlantic Drilling. The company announced […]

Experts Say Diamond Offshore Drilling Inc (NYSE:DO) May Drop Dividends

Boston, MA 11/28/2014 (wallstreetpr) – The fallout in the oilfield services industry may push Diamond Offshore Drilling Inc (NYSE:DO) to act like Seadrill Ltd (NYSE:SDRL) in a recent dividend move. The latter moved to suspend dividends as it seeks to save money and cut its huge debt. According to an article on Street Insider quoting […]

New Developments: Seadrill (SDRL), QUALCOMM (QCOM), GlaxoSmithKline (GSK)

Boston, MA 09/24/2014 (wallstreetpr) – Seadrill Ltd (NYSE:SDRL) saw one of its significant investors increasing his stake in the $13.13 billion offshore drilling business. Billionaire, John Fredriksen, bought 2 million more shares in Seadrill (SDRL) through his investment vehicle known as Hemen Holding Ltd. The latest acquisition brings his stake in the company to 115.1 […]

Fall-Out Between Tor Olav Troeim and John Fredriksen Leads To Seadrill Ltd (NYSE:SDRL) and Marine Harvest ASA (NYSE:MHG) Slump in Oslo Trading

Boston, MA 09/23/2014 (wallstreetpr) – According to reports, breakup between Billionaire John Fredriksen and Tor Olav Troeim has put negative effect on the shares of Seadrill Ltd (NYSE:SDRL) and Marine Harvest ASA (NYSE:MHG). Both the companies experienced huge slump in shares after the news of fall-out of those two came out in the market. Insights […]

Seadrill Ltd (NYSE:SDRL) Announces Key Changes In Board

Boston, MA 09/22/2014 (wallstreetpr) – Seadrill Ltd (NYSE:SDRL) announced that Tor Olav Troeim will not participate for re-election to the Board of Directors. He wants to shift his focus purely on the development of Golar LNG. Troeim has played an important role in making Seadrill a leading offshore drilling contractor company of the world. Troeim […]

How Seadrill Ltd (NYSE:SDRL) Will Deal With Sanctions?

Boston, MA 09/11/2014 (wallstreetpr) – Seadrill Ltd (NYSE:SDRL) and North Atlantic Drilling Ltd. (NYSE:NADL) are the two rig companies that are controlled by John Fredriksen. At the moment, the cause of concern for the rig companies is sanctions against Russian that can adversely affect the $4.25 billion deal signed between North Atlantic and OAO Rosneft. […]

Seadrill Ltd (NYSE:SDRL) Secured Contract For Newbuild Unit Of Ultra-Deepwater Drillship West Jupiter

Boston, MA 06/02/2014 (wallstreetpr) – Seadrill Ltd (NYSE:SDRL) has entered into a contract for 5 years with the Total Upstream Nigeria Ltd in account of employment in the new build unit of ultra-deepwater drillship West Jupiter. The firm contract for five long years will support the Nigeria’s EGINA ultra-deep offshore project. Seadrill into a contract: The […]

Seadrill Ltd (NYSE:SDRL): Slowdown Limits Future Investment

Boston, MA 03/18/2014 (wallstreetpr) – The global oil drilling companies are experiencing cash pressure due to slow growth in the market. And, the increasing costs for new production and high dividend payout limit opportunities to fund their operations. Companies are mostly focus on saving cash for their shareholders rather than investing in exploration or maintaining existing […]

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