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2016-05-26 20:20:00

SEADRILL NET INCOME DOWN 80%

SEADRILL NET INCOME DOWN 80%

 

SEADRILL RESULTS 1Q 2016

 

Highlights

  • Revenue of $891 million
  • EBITDA of $528 million
  • 96% economic utilization
  • Reported Net Income of $88 million and diluted earnings per share of $0.15
  • Cash and cash equivalents of $1.09 billion
  • The Seadrill Group achieved 97% economic utilization
  • Seadrill Group orderbacklog of approximately $9.1 billion

Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said

"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."

seadrill.com

-----

Earlier: 

SEADRILL NET LOSS $750 MLN 

SEADRILL ACHIEVED 95% 

SEADRILL 2Q 2015 RESULTS 

ROSNEFT & SEADRILL WILL EXTEND 

FREDRIKSEN BUING SEADRILL 

SEADRILL Q2 2014 RESULTS 

ROSNEFT & SEADRILL: FAMILY

 

 

 

Tags: SEADRILL

Chronicle:

SEADRILL NET INCOME DOWN 80%
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CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

SEADRILL NET INCOME DOWN 80%
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

SEADRILL NET INCOME DOWN 80%
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

SEADRILL NET INCOME DOWN 80%
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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