|Bid||8.97 x 1200|
|Ask||8.98 x 1000|
|Day's Range||8.89 - 9.17|
|52 Week Range||7.80 - 198.15|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Seadrill's core earnings for the fourth quarter exceeded the company's own guidance, boosted by lower costs and one-off items, while the market outlook for drilling rigs was improving, the Oslo and New York-listed firm said on Tuesday. The company, controlled by Norwegian-born billionaire John Fredriksen, reported $73 million in quarterly adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), more than double the $35 million forecast it made in November. "The offshore drilling market continues to show signs of improvement with increased tendering activity and better contract economics," Chief Executive Anton Dibowitz said in a statement.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Seadrill Partners LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Norway's Equinor has put on hold the drilling of a key exploration well in the Barents Sea after a well incident last week, the company said on Monday. The incident occurred when Seadrill's rig West Hercules was drilling the Gjoekaasen well offshore Norway . The so-called "high-risk, high-impact" well could hold between 26 million and 1.4 billion barrels of oil equivalents, one of Equinor's partners, Aker BP, said last week.
Norway's Equinor has put on hold the drilling an exploration well in the southeastern part of the Barents Sea after a well incident last week, the company said on Monday. The lower marine riser package (LMRP) on the blowout preventer (BOP) was unintentionally disconnected on Seadrill's West Hercules rig, which was drilling Gjoekaasen well at the Equinor-operated license on Jan. 16, Norway's petroleum safety watchdog said in a separate statement earlier on Monday.
Norwegian offshore drilling rig firm Seadrill Ltd said on Thursday that Chief Financial Officer Mark Morris will step down following completion of the company's financial restructuring. The company, controlled by Norwegian-born billionaire John Fredriksen, said it has begun a formal search process and that Morris will remain in the role until the end of June to make the transition possible. Separately, Seadrill Partners said Morris would step down as chief executive officer of that firm at the end of June.
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The problem with investing in energy companies like Transocean (NYSE:RIG) is the lack of control. With the RIG stock price bouncing off an all-time low, owners of Transocean stock are learning that lesson at the moment. Transocean still seems to be the leader in offshore drilling in terms of both quality and rig count.
Moody's Investors Service ("Moody's") today affirmed Seadrill Partners LLC's (SDLP) corporate family rating (CFR) of Caa2 and probability of default rating (PDR) of Caa2-PD. Concurrently, Moody's affirmed the Caa2 rating on the $2.9 billion senior secured term loan due 2021, borrowed by SDLP's subsidiaries Seadrill Operating LP and Seadrill Partners Finco LLC, and the B1 rating on the $100 million first out secured revolving credit facility (RCF) due 2019, borrowed by Seadrill Operating LP, Seadrill Partners Finco LLC, and Seadrill Capricorn Holdings LLC, also a subsidiary of SDLP.
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Olsen Energy on Thursday proposed changing the company's name, days after it blamed the latest oil price plunge for the collapse of a rig sale deal to raise money to cut debts. The company, controlled by one of Norway's richest families, the Olsens, has been trying to restructure debts of about $580 million and the refinancing plan included the sale of its newest rig Bolette Dolphin. "The potential buyer of the Bolette Dolphin has withdrawn from the sales process given the significant change in oil and equity prices coupled with the uncertainty around the restructuring and sale process," Fred.
Neither the beleaguered offshore oil driller's third-quarter numbers nor management's outlook inspire a lot of hope.
The coming year will be another challenging one for offshore drillers due to a surfeit of rigs even though prices are starting to improve, the chief executive of Seadrill told Reuters on Tuesday. The Oslo- and New York-listed company, controlled by Norwegian-born billionaire John Fredriksen, on Tuesday reported its first quarterly results since emerging from U.S. Chapter 11 bankruptcy in July. "We've always known that, given significant oversupply of rigs, 2019 is going to be a challenging year, and our opinion hasn't changed," Seadrill Chief Executive Anton Dibowitz said in an interview.
Nov 27 (Reuters) - Seadrill Partners Llc: * SEADRILL PARTNERS ANNOUNCES CONTRACT AWARD FOR THE WEST CAPELLA * HAS SECURED A ONE WELL CONTRACT WITH TWO OPTIONS WITH PETRONAS CARIGALI SDN BHD., FOR WEST ...
Norwegian offshore drilling rig firm Seadrill Ltd sees the contracting rigs market improving from 2019-20, as it reported its first quarterly results on Tuesday since emerging from Chapter 11 bankruptcy in July. The company, controlled by Norwegian-born billionaire John Fredriksen, posted a revenue in the third quarter of $249 million and an operating loss of $106 million. "Having restructured our business, we are now well positioned to capitalise on the recovery," Seadrill said in a statement, referring to the recovery in the oil sector after a slump in prices in 2014-2016.