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 […]

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 […]

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. […]