|Bid||2.2500 x 900|
|Ask||2.3100 x 3000|
|Day's Range||2.2300 - 2.4100|
|52 Week Range||2.0700 - 26.7200|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.50|
Seadrill's core earnings for the second quarter exceeded the company's own guidance, and are set to rise in the third, the Oslo and New York-listed oil drilling rig operator said on Tuesday. The company, controlled by Norwegian-born billionaire John Fredriksen, reported $69 million in quarterly adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), beating the $55 million forecast it made in May. "From a market perspective we continue to see increased tendering activity and a favorable shift in contract terms," Chief Executive Anton Dibowitz said in a statement.
Since the end of the second quarter, Seadrill and GDI entered into a 50:50 joint venture, Gulfdrill, which will initially manage and operate five premium jack-ups in Qatar with Qatar Petroleum. The total contract value is expected to be $656 million (including mobilization fees). The contracts have options which could add up to $700 million in additional total contract value.
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.
Hamilton, Bermuda, August 15, 2019 - “Seadrill Limited ("Seadrill" or the “Company) refers to the announcements made on May 1, 2019 in connection with the award of drilling contracts by Qatar Petroleum to Gulf Drilling International (“GDI”). Seadrill and GDI have entered into a 50:50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020. The total contract value is expected to be $656 million (including mobilization fees).
Hamilton, Bermuda, August 9, 2019 - Seadrill Limited is scheduled to release its second quarter 2019 results on Tuesday 20th August, 2019. A conference call and webcast will be.
Interserve Group on Tuesday named Rolls-Royce veteran Mark Morris as its new finance chief in place of Mark Whiteling who stepped down in April soon after the British outsourcer was placed in administration. Morris has worked at Rolls-Royce Plc for 28 years in various roles and was the engine maker's finance head before joining offshore drilling contractor Seadrill more than three years ago in the same role, the company said. Interserve Plc, one of the British government's biggest contractors, was placed in administration in March and was immediately taken over by its lenders and renamed Interserve Group, after shareholders rejected a rescue plan for the debt-laden company.
Hamilton, Bermuda, July 17, 2019 - Seadrill Limited ("Seadrill" or "the Company") has secured a nine well contract with three options, each for two wells, for the West Gemini in West Africa. Total contract value for the firm portion of the contract is expected to be approximately $84 million with commencement expected in early Q4 2019 and running through Q4 2020. 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.
Hamilton, Bermuda, July 3, 2019 – Seadrill Limited (the “Company”) has received approval from the required majority of shareholders for the written resolutions distributed on June 21, 2019. As a result, the Board of Directors has been increased back to seven seats after it was reduced to six on July 2, 2019 and the newly created seat may be filled by the Directors. The Board of Directors reappointed Scott Vogel on July 2, 2019 and his term runs until the next Annual General meeting.
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.
The market has been volatile in the last 6 months as the Federal Reserve continued its rate hikes and then abruptly reversed its stance and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF […]
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.
Offshore drilling contractor Seadrill is considering selling non-core assets, including its 15.7% stake in oil service firm Archer , to reduce its liabilities, the firm's outgoing chief financial officer said on Thursday. Seadrill, controlled by Norwegian billionaire John Fredriksen, emerged from U.S. Chapter 11 bankruptcy proceedings last year, and is betting on the offshore oil market's recovery to repay its remaining debts and liabilities. "Reducing leverage remains our priority," Mark Morris told a telephone conference.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Seadrill Ltd. (NYSE: SDRL ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 23, 2019 at 9:00 AM Eastern Time. ...
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 ...