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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

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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%
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

SEADRILL NET INCOME DOWN 80%
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

SEADRILL NET INCOME DOWN 80%
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

SEADRILL NET INCOME DOWN 80%
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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