|Bid||0.00 x 4000|
|Ask||0.00 x 4000|
|Day's Range||9.44 - 9.89|
|52 Week Range||7.84 - 198.15|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2018 - Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.00|
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.
Seadrill Limited ("Seadrill" or the "Company") announces today that its Chief Financial Officer, Mark Morris, will step down from his position following the completion of the Company`s financial restructuring. Commenting CEO, Anton Dibowitz, said, "Mark has been a valuable partner to both the Company and me and I would like to thank him for his contribution to Seadrill, in particular his financial leadership through the restructuring process.
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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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German tech company Siemens announced the launch of the first hybrid power plant for offshore rigs with lithium-ion batteries for energy storage
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.
Ltd. posted a bigger-than-expected third-quarter net loss of $240 million on Tuesday, nearly five months after emerging from chapter 11 bankruptcy protection, but said it sees signs of improvement in the offshore drilling industry. Seadrill, which operates a fleet of 35 drilling rigs and manages a further 18 on behalf of other companies, filed for bankruptcy protection last September after being hit by a perfect storm of tumbling oil prices that prompted oil companies to slash exploration plans while Seadrill was struggling to repay a mounting debt pile. The $240 million net loss in the three months to Sept. 30 was larger than the $179 million loss expected in a FactSet analyst forecast.
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.
Highlights Revenue of $249 million Operating loss of $106 million Adjusted EBITDA of $46 million 98% economic utilization Reported net loss of $245 million and diluted net loss per share of $2.40 Total ...
Seadrill Limited ("Seadrill" or the "Company") announces the completion of the mandatory offer to purchase approximately US$56 million (the "Asset Sale Offer") of its 12.0% Senior Secured Notes due 2025 (the "Notes") announced on October 10, 2018 related to the proceeds of a deferred consideration agreement with Sapura Energy. As of the Expiration Time, $148,243 in aggregate principal amount of the Notes were validly tendered. The Company accepted and made payment for the tendered Notes on November 14, 2018. 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.
London, United Kingdom, November 2, 2018 - Seadrill Limited is scheduled to release its third quarter 2018 results on Tuesday November 27 th , 2018. A conference call and webcast will be held at 10:30 ...
Sanchez Energy Corporation (SN) today announced the appointment of an Interim Chief Financial Officer and two new independent members to its Board of Directors. The Board also appointed Tony Sanchez, III, President of Sanchez Energy in addition to his current position of Chief Executive Officer. Cameron W. George has been appointed Interim Chief Financial Officer of Sanchez Energy, effective immediately. Mr. George joined Sanchez Energy in 2016 as Senior Vice President of Capital Markets and has more than 15 years of investment banking and industry experience encompassing corporate finance, mergers and acquisitions, financial reporting, treasury, risk management and investor relations. Since joining Sanchez Energy, he has led the financing of its asset base and operations and will continue to serve as the primary corporate contact with investment banks, capital providers and rating agencies in addition to leading the company’s finance, accounting, treasury, investor relations and business development activities.