Articles from Seadrill Limited

Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million.

Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) today announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $498 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $41 million. The program is expected to commence in the first quarter of 2026 and includes an optional period of up to 305 additional days. Petrobras holds a 65.7% stake in the shared Atapu field, a 55.3% stake in the shared Sépia field and is the Operator in both areas.

Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) today announced the ultra-deepwater drillship, West Jupiter, was awarded a 1,095-day contract in Brazil following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $493 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $31.5 million. The program is expected to commence in the first quarter of 2026.

Seadrill Limited (“Seadrill” or the “Company”) (NYSESDRL) today announced its third quarter 2024 results and revised 2024 guidance.

Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) will report its third quarter 2024 results on Tuesday, November 12 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Wednesday, November 13 at 08:00 CT / 15:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.

Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) announced today that it has completed the delisting of its shares on the Oslo Stock Exchange. The Company’s shares will remain listed on the New York Stock Exchange under the symbol “SDRL”. Additional information about the delisting can be found on the investor relations portion of the Company’s website, www.seadrill.com.

Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) today reports its second quarter 2024 results.

Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its second quarter 2024 results on Monday, August 5 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Tuesday, August 6 at 09:00 CT / 16:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.

Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced that it has continued progress on its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. The Company completed the $250 million share repurchase program initiated in December 2023 and will cancel the acquired shares. As previously announced, the Company’s Board of Directors authorized a new $500 million share repurchase program that will run for a period of two years from the completion of the 2023 program. As an initial step under the new repurchase program, the Board has authorized the Company to purchase up to $200 million of the Company’s common shares (the “First Tranche”) by September 30, 2024, and the Company has entered an agreement with DNB Markets (“DNB”) to effect the First Tranche in open market transactions on the OSE and the NYSE.

Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) today announced that it has completed the previously disclosed sale of three jack-up rigs—the West Castor, the West Telesto, and the West Tucana—and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner Gulf Drilling International for cash proceeds of $338 million.

Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) today announced that Oslo Bors has approved the Company’s delisting from the Oslo Stock Exchange (OSE), following an affirmative shareholder vote at the Company’s Annual General Meeting in April 2024. Seadrill shares will be delisted from the OSE on September 10, 2024, and the last day of trading will be September 9, 2024. The Company will maintain a single listing on the New York Stock Exchange, consistent with efforts to simplify its business.

Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana (the “Qatar Jack-Up Fleet”)—and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner Gulf Drilling International (“GDI”) for cash proceeds of $338 million (the “Transaction”).

Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) today reported its first quarter 2024 results.

Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced contract awards for two drillships.

Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its first quarter 2024 results on Tuesday, May 14 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Wednesday, May 15 at 09:00 CT / 16:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.

March 27, 2024 -- Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report can be accessed on the website of the SEC, www.sec.gov, and is also available on the investor portion of the Company’s website, www.seadrill.com.

February 28, 2024 -- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) today reported its fourth quarter and full year 2023 results.

February 5, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its fourth quarter and full year 2023 results on Wednesday, February 28, 2024 after the NYSE closes for trading.

January 29, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces multiple contract awards totalling approximately $97.5 million in value, in addition to an update on the West Auriga.

January 23, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces today that, in accordance with its bye-laws, the Board has confirmed the date of the Annual General Meeting of Shareholders in respect of the 2024 calendar year. The 2024 Annual General Meeting shall be held in Bermuda on April 17, 2024. A copy of the Notice of Annual General Meeting and Proxy Statement will be distributed closer to the meeting date.

December 22, 2023-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) today announced that Petrobras has awarded 1,064-day fixed-term contracts to each of the West Auriga and the West Polaris following a competitive bidding process. The contracts are expected to commence in the fourth quarter of 2024 and represent total contract value of approximately $1.1 billion, inclusive of additional services and mobilization fees. The West Auriga and the West Polaris will transition to Seadrill from the existing third-party managers before undertaking the campaigns with Petrobras.

December 14, 2023-- As previously announced, Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has decided to close its London, England office and consolidate its corporate office in Houston, Texas. The Company announced today that its Executive Vice President and Chief Operating & Technology Officer, Leif Nelson, will not relocate to Houston and instead will be departing Seadrill.

December 14, 2023-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) recently completed its $250 million share repurchase program which was announced in September 2023.

November 27, 2023 -- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) today reported its third quarter 2023 results, which reflect strong performance across the fleet as the Company continues to deliver safe and efficient drilling operations around the globe.

November 17, 2023-- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) announces that the 2023 Annual General Meeting of the Shareholders of the Company was held on November 17, 2023 at 09:00, at the Rosewood Hotel, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2022 were laid before the Meeting.

October 24, 2023-- Seadrill Limited ("Seadrill” or the “Company") (NYSE & OSE: SDRL) will report third quarter 2023 results on Monday, November 27 after the NYSE closes for trading.

The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company. The Restated Plan is designed to align the interests of eligible participants with those of the Company’s shareholders. The Board of Directors of the Company adopted the Restated Plan to effect changes to the management incentive plan approved by the Board of Directors in August 2022 (the “Plan”) that were intended in part to address feedback received from shareholders of the Company. The Restated Plan will become effective upon its approval by the Company’s shareholders at the Company’s upcoming Annual General Meeting.

Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) announces today that the Board has changed the date of the Company’s Annual General Meeting of Shareholders in Bermuda from November 16, 2023, as previously announced, to November 17, 2023. The Company will distribute the Notice of Annual General Meeting and Proxy Statement closer to the meeting date.

As previously announced, the Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) authorized a share repurchase program that allows the Company to repurchase up to $250 million of its outstanding common shares. The Company is not obligated to repurchase any shares under the program. The program has no set time limit.