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All publications by tag «SEADRILL»

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2018, April, 20, 08:45:00
SEADRILL'S BANKRUPTCY OFF
REUTERS - Offshore oil driller Seadrill (SDRL.OL) 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.
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2017, September, 15, 08:45:00
SEADRILL'S BANKRUPTCY
Seadrill, one of the world’s largest offshore drilling companies, filed for bankruptcy after it secured agreement from nearly all of its banks to support a plan to inject $1bn in new capital and all but wipe out existing shareholders.
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2017, April, 5, 18:30:00
SEADRILL RESTRUCTURING
Comprehensive restructuring plan will require a substantial impairment or conversion of our bonds, as well as impairment, losses or substantial dilution for other stakeholders. As a result, the Company currently expects that shareholders are likely to receive minimal recovery for their existing shares.
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2017, February, 28, 18:40:00
SEADRILL NET INCOME $127 MLN
Highlights • Revenue of $667 million • Operating income of $118 million • EBITDA of $354 million • 99% economic utilization • Reported net income of $127 million and diluted net income per share of $0.26 • Underlying net income, excluding non-recurring items and non-cash mark to market movements on derivatives, was $111 million and earnings per share was $0.24 • Cash and cash equivalents of $1.4 billion • Seadrill Limited order backlog of approximately $2.5 billion
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2017, January, 31, 18:30:00
SEADRILL RESTRUCTURING UPDATE
Over the past year we have had substantial dialogue with our secured lenders to amend and extend c.USD8 billion in first lien secured debt. During the second half of last year, we began to engage with potential new money investors, including Hemen Holdings Ltd. In December 2016, we formally engaged with an ad hoc committee of bondholders, and agreed that by January 31 2017 we would release through a 6k filing agreed material non-public information disclosed to the ad hoc committee of bondholders, including the Company's latest restructuring proposal and the last proposal that the Company has received from the ad hoc committee.
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2016, November, 22, 18:35:00
SEADRILL NET LOSS $656 MLN
Highlights: - Revenue of $743 million - Operating income of $247 million - EBITDA of $441 million - 95% economic utilization - Reported Net Loss of $656 million and diluted loss per share of $1.29, reflecting an $882 million non-cash impairment to investments primarily relating to Seadrill Partners. - Underlying Net Income , excluding non-recurring items and non-cash mark to market movements on derivatives,was $135 million and earnings per share was $0.28. - Cash and cash equivalents of $1.3 billion - Seadrill Limited orderbacklog of approximately $3.0 billion
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2016, August, 25, 18:30:00
SEADRILL NET INCOME $334 MLN
Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said: "During Q2 2016 we have improved on the record uptime we achieved in Q1, reaching 98% economic utilization, whilst continuing to see our costs reduce quarter over quarter. There continues to be a significant supply overhang and the market conditions remain challenging, however, there is some volume returning to the spot market, although primarily for short term work. Our priorities for the remainder of the year continue to be delivering safe and efficient operations for our customers whilst concluding on our financing plans."
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2016, May, 26, 20:20:00
SEADRILL NET INCOME DOWN 80%
"During the first quarter we achieved record operational uptime and we continue to see the benefits of our cost reduction program coming through. Our key priorities for the year are cost reduction, managing newbuild deferments and concluding our financing plans, while ensuring that we continue to maintain safe and efficient operations. I am pleased to say we have made good progress in all three areas during the first quarter."
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2016, May, 3, 14:30:00
SEADRILL NET LOSS $750 MLN
Seadrill generated EBITDA of $513 million for the fourth quarter 2015 Current order backlog of $5.1 billion $10.7 billion for Seadrill Group
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2016, February, 25, 18:40:00
SEADRILL ACHIEVED 95%
In the face of the severe downturn in our industry our priorities for 2016 are to conserve cash and address our financing needs. We have a modern competitive fleet, a proven track record in operations and every intention to position ourselves for a recovery in the sector.