|Bid||1.4400 x 3000|
|Ask||1.4500 x 3100|
|Day's range||1.4100 - 1.4600|
|52-week range||0.9100 - 10.1800|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||23 Feb 2020 - 27 Feb 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.67|
Seadrill Chairman John Fredriksen, the oil rig firm's top shareholder, is stepping down with immediate effect, the company said on Thursday, as it holds discussions with lenders about restructuring its massive debts. The 75-year-old billionaire investor, who said his support for the company remained unchanged, will be replaced by Glen Ole Roedland, who has worked in shipping, oil, gas and other industries, Seadrill said. The company, which is listed in Oslo and New York, only emerged from U.S. Chapter 11 bankruptcy proceedings in July 2018, after converting unsecured bonds to equity and extending maturities on $5.7 billion (£4.4 billion) of bank loans.
Following an “absolutely horrible year,” analysts are cautiously optimistic about the offshore drilling sector, though investors still aren’t buying in
World stocks are set to close August on an upbeat note, with MSCI's global index at a one-week high. Most Asian markets are in the black, Europe is opening higher and Wall Street futures are also up. President Donald Trump asserted that trade talks with China would resume on Thursday, raising hopes that the 5% additional tariff increase on $300 billion of Chinese goods might not kick in on Sept. 1 after all.
Seadrill and Gulf Drilling International (GDI) have formed a jointly owned rig firm to conduct exploration on behalf of Qatar Petroleum from 2020 to 2024, Seadrill said late on Thursday. GulfDrill, a 50-50 joint venture between Seadrill and GDI, will initially operate five so-called jackup rigs on a $656 million contract with Qatar Petroleum. The GulfDrill venture will charter two of its rigs from Oslo- and New York-listed Seadrill and three more from an unnamed shipyard.
Norwegian labour unions and oil rig owners agreed a wage deal on Friday, averting the outbreak of a strike that would have halted some of the Nordic country's crude production and paralysed exploration activity for new resources, unions and companies said. The deal between the Norwegian Shipowners' Association and the Industri Energi and Safe labour unions was brokered by a state-appointed mediator. Employees will see an average pay rise of 3.6% as well as increases in the minimum wage and for working nights and weekend shifts, Safe and Industri Energi said.
Norwegian labour unions and oil rig owners will extend pay talks past a midnight deadline in a bid to prevent the outbreak of a strike, negotiators said late on Thursday. Almost 1,600 workers are set to go on strike on Friday if the talks are unsuccessful, cutting some of Norway's crude output and paralysing exploration.
Hamilton, Bermuda, June 21, 2019 - Seadrill Limited (the "Company") has distributed written resolutions to its shareholders to increase the Board of Directors back to seven seats after it falls to six on July 2, 2019 and for the Directors to fill the newly created seat. The request is being made to shareholders of record on June 13, 2019. Such statements are generally not historical in nature, and specifically include statements about the Company`s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts.
Norwegian energy sector union Safe on Friday said it planned to take 667 members on strike at floating offshore installations if state-sponsored wage mediation due on June 27 fails. Some Transocean, Seadrill and Odfjell Drilling rigbs could be affected by the potential strike, as well as Equinor's Statfjord C platform, the union said in a statement. Norway's largest oil workers' union Industri Energi on Thursday said it planned to take up to 937 members on strike if the mediation fails.
Hamilton, Bermuda, June 6, 2019 - Seadrill Limited (the "Company") advises that the 2019 Annual General Meeting of the Shareholders of the Company was held on June 5, 2019 at 11:00 a.m., at the Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HM CX. The audited consolidated financial statements for the Company for the year ended December 31, 2018 were presented to the Meeting. 1) To increase the authorized share capital of the Company to US$13,888,000.
Hamilton, Bermuda, June 6, 2019 - Seadrill Limited ("Seadrill" or the "Company") is pleased to announce the appointment of Stuart Jackson as Chief Financial Officer, effective upon release from his current employment which is expected by the beginning of August. Stuart is an experienced finance executive with 20 years of experience in CFO roles at LSE, NASDAQ, OSE and AIM listed companies, including offshore and oil field services experience having served as CFO for Bibby Offshore, CEONA Pte and Acergy SA. Commenting, Anton Dibowitz, CEO, stated "Stuart has a breadth of experience, deep industry expertise and a strong track record of creating shareholder value through capital market transactions, mergers & acquisitions and driving efficiency.
Highlights Revenue of $302 million Operating loss of $71 million Adjusted EBITDA of $72 million 93% economic utilization Reported net loss of $296 million and net loss per share of $2.95 Total cash ...
Seadrill Limited ("Seadrill" or the "Company") refers to the announcement by Gulf International Services, which makes reference to Seadrill, made in connection with the award of 6 drilling contracts by Qatar Petroleum to Gulf Drilling International Ltd (GDI). Seadrill has an existing Strategic Cooperation Agreement (SCA) with GDI under which one rig is currently operating in Qatar. The Company is working with GDI to finalize an agreement to provide up to 5 additional Jack-up rigs under the terms of the SCA.
Hamilton, Bermuda, May 1, 2019 - Seadrill Limited is scheduled to release its first quarter 2019 results on Thursday May 23 rd , 2019. A conference call and webcast will be held at 09:00 a.m. EDT / 2:00 ...