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Tag: seadrill
Seadrill announces restructuring plan to raise $1bn capital
2017-09-14 01:00:00| Offshore Technology
Offshore driller Seadrill has secured nearly $1.06bn of new capital after entering a restructuring agreement with more than 97% of its secured bank lenders, nearly 40% of its bondholders and a consortium of investors led by its largest shareholder, H
Tags: plan
capital
raise
announces
M&As this week: Suncor Energy, Seadrill, and EV
2016-04-29 01:00:00| Offshore Technology
Suncor Energy Inc is raising its stake in Syncrude project to 17% by acquiring an additional 5% interest in Syncrude Canada Ltd, a subsidiary of Murphy Oil Corporation.
Seadrill: Ready To Crash And Burn
2016-03-31 11:38:28| Oil & Gas - Topix.net
SDRL is accepting contracts at dayrates below its break-even point in order to improve fleet utilization, which will have a negative impact on cash flow and margins. After reducing costs by $832 million last year, SDRL can reduce only $260 million in costs this year, indicating that it does not have much room to cut costs.
Tags: ready
burn
crash
seadrill
Seadrill To Announce Restructuring Actions Within The Next Few Months - What Will They Look Like?
2016-02-26 10:43:29| Oil & Gas - Topix.net
Seadrill today released its fourth-quarter and full-year 2015 results. The results themselves contained very few surprises, and therefore, won't be covered in detail here given that the company, in its press release as well as on the conference call, pointed to the upcoming announcement of restructuring actions during the first half of 2016.
Kenz Cranes Delivers Two Ultra High-Spec Cranes for Seadrill
2015-12-16 01:00:00| Offshore Technology
Following its successful installation and commissioning at the Jurong Shipyard in Singapore, two EHC 100/4000 boom hoist cranes are handed over to Seadrill for the West Rigel semi-submersible.
Tags: ultra
delivers
cranes
kenz