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Seadrill: Sevan Bribery Causes Headache And Potential Exposure

2015-10-19 13:17:21| Energy - Topix.net

SDRL appears to be at peace with Petrobras, and while embarrassing, the Company was not culpable and will likely only have to disgorge illegal profits . On October 16, Sevan Drilling, an underwater drilling company 50.1% owned by Seadrill , issued a press release announcing it had been accused of breaches in the Norwegian Criminal Code "in respect of payments made in connection with the performance during 2012 to 2015 of drilling contracts originally awarded by Petrobrasto Sevan Marine ASA in the period between 2005-2008".

Tags: potential exposure headache bribery

 

Seadrill: Sevan Bribery Causes Headache And Potential Exposure

2015-10-19 12:42:49| Oil & Gas - Topix.net

SDRL appears to be at peace with Petrobras, and while embarrassing, the Company was not culpable and will likely only have to disgorge illegal profits . On October 16, Sevan Drilling, an underwater drilling company 50.1% owned by Seadrill , issued a press release announcing it had been accused of breaches in the Norwegian Criminal Code "in respect of payments made in connection with the performance during 2012 to 2015 of drilling contracts originally awarded by Petrobrasto Sevan Marine ASA in the period between 2005-2008".

Tags: potential exposure headache bribery

 
 

Seadrill Operating agrees to acquire ultra-deepwater drillship West Polaris from Seadrill

2015-06-18 01:00:00| Offshore Technology

Seadrill Operating has agreed to acquire all of the shares of Seadrill Polaris, which owns and operates the ultra-deepwater drillship, the West Polaris, from Seadrill.

Tags: west operating acquire agrees

 

Seadrill: Another Buying Opportunity Reveals Itself As Investors Lose It Over Petrobras Contracts

2015-02-17 07:34:57| Oil & Gas - Topix.net

Seadrill reported on Friday that it will remove $1.1 billion in order backlog as it believes some of its Petrobras contracts won't be concluded. The decline in order backlog is not good news, but not as bad as the market makes it out to be.

Tags: over opportunity buying lose

 

Seadrill Partners Safe From Oil Downturn

2015-01-07 19:49:28| Oil & Gas - Topix.net

Seadrill Partners LLC has been formed by Seadrill Limited , which is one of the world's largest international offshore drilling contractors to own, operate and acquire offshore drilling rigs. Most of Seadrill Partners' oil rigs are under long-term contracts with major oil companies such as Chevron , Total , BP and Exxon Mobil .

Tags: partners safe oil downturn

 

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