|Bid||0.2923 x 2300|
|Ask||0.2939 x 2200|
|Day's Range||0.2744 - 0.3071|
|52 Week Range||0.1500 - 0.7300|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2018 - Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Perforadora Oro Negro, an offshore drilling contractor, filed for bankruptcy in the U.S. Friday, seeking an investigation into allegations that the owner of a major competitor teamed up with Mexico’s state-owned oil behemoth to drive Oro Negro out of business. The company, which is carrying nearly $1 billion in debt, sought chapter 15 protection, the part of the U.S. bankruptcy code that deals with international insolvencies, in U.S. Bankruptcy Court in New York. If its request for chapter 15 is approved by Judge Shelley Chapman, who will oversee the case, Oro Negro will receive the benefits of U.S. bankruptcy law, including the so-called automatic stay that halts lawsuits and prevents creditors from seizing assets.
In week 15, the week ending April 13, 2018, all of the offshore drilling stocks rose. Transocean was the best performer among its peers, while Seadrill Partners rose the least in week 15.
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / U.S. markets rose Wednesday as investor optimism continues to be boosted by strong corporate earnings. The S&P 500 Index gained 0.08 percent to close at 2,708.64, ...
Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. The company won U.S. court approval on Tuesday for its multi-billion dollar debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards. Obviously, we would like to do it as fast as possible," CEO Anton Dibowitz told Reuters.
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user ! Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL ) stock ...
OSLO, April 18 (Reuters) - * Norwegian shares traded up on Wednesday * Oslo's benchmark index rose 1.10 pct, or 9.23 points, setting a new all-time high of 847.03 points. The bourse was up by 2.87 pct ...
Seadrill Limited ("Seadrill" or the "Company") announces that its Plan of Reorganization (the "Plan") has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. The Plan has near unanimous support from the Company`s stakeholders and emergence from Chapter 11 is expected within the next 60-90 days. The Plan strengthens our capital structure with $1.08 billion of new capital, extending and re-profiling $5.7 billion of secured bank debt, and converting $2.3 billion of unsecured bonds to equity, while leaving employee, customer, and ordinary trade claims largely unaffected.
Norwegian billionaire John Fredriksen will remain in charge of the Seadrill Ltd. international offshore fleet of heavy drilling equipment under a chapter 11 plan confirmed in a bankruptcy court in Houston....
A U.S. judge said on Tuesday he would approve Seadrill Ltd's plan to exit its Chapter 11 bankruptcy, in which the global offshore oil and gas drilling company would shed billions of dollars of debt and raise $1 billion in new investment. U.S. Bankruptcy Judge David Jones in Houston overruled two minor objections to the reorganization plan during a 90-minute hearing. The plan extends maturities on more than $5 billion of bank loans and converts about $2.3 billion in bond debt into equity in a reorganized Seadrill.
Hamilton, Bermuda, April 13, 2018 - Seadrill Limited ("Seadrill or the Company") announces that it has filed its annual report on Form 20-F for the year ended December 31, 2017 with the Securities ...
In week 14, the week ending April 6, 2018, Rowan Companies was the best performer among offshore drilling stocks. The company secured a new contract. As a result, Rowan Companies’ stock price increased last week.
The Zacks Analyst Blog Highlights: Royal Dutch, SM Energy, Kinder Morgan, Carrizo Oil and SeaDrill
Royal Dutch Shell (RDS.A) and upstream player SM Energy Company (SM) decided to offload certain none-core assets, while Kinder Morgan (KMI) stopped work on the controversial Trans Mountain project.
Hamilton, Bermuda, April 9, 2018 - Seadrill Limited has announced the voting results for its Chapter 11 Plan of Reorganization (the "Plan") filed with the U.S. Bankruptcy Court for the Southern ...
A legal battle over a small oil-drilling company is testing Mexico’s promises of greater transparency and competition made when the country opened its oil industry five years ago.
SeaDrill Limited (NYSE:SDRL), an energy company based in Bermuda, received a lot of attention from a substantial price movement on the NYSE in the over the last few months, increasingRead More...
In a bid to deepen its focus on U.S. shale plays, Marathon Oil (MRO) offloaded its oil acreage in Libya, while SeaDrill (SDRL) announced final restructuring agreement after months of negotiations.
In 4Q17, Transocean’s (RIG) costs increased. With a fall in revenue, Transocean’s drilling-to-revenue ratio rose to 66% in 4Q17 from 46% in 3Q17. Transocean’s operating and maintenance expenses rose by $66 million in 4Q17 to $389 million.