Company Overview and News

Seadrill Reorganization Plan Confirmed By The U.S. Bankruptcy Court

16h seekingalpha
On Tuesday, April 17, the company announced that the Reorganization plan of offshore driller Seadrill has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

Seadrill: Court Confirms Restructuring Plan

17h seekingalpha
Finally, this day has come. The bankruptcy court confirmed (docket 1181) Seadrill’s (SDRL) restructuring plan and now the company’s shareholders will get a 1.9% post-dilution stake in the new Seadrill equity. The court’s decision has been anticipated since the previous vote showed an overwhelming support for the plan, but it’s still a major milestone in this lengthy restructuring process.

Seadrill Gets US Court Approval For Bankruptcy Exit Plan

2018-04-17 rigzone
WILMINGTON, Del., April 17 (Reuters) - 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.

SDRL / Seadrill Limited 20-F


The Zacks Analyst Blog Highlights: Royal Dutch, SM Energy, Kinder Morgan, Carrizo Oil and SeaDrill

2018-04-11 zacks
Chicago, IL – April 11, 2018 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Royal Dutch Shell plc (RDS.A - Free Report) , SM Energy Company (SM - Free Report) , Kinder Morgan Inc. (KMI - Free Report) , Carrizo Oil & Gas, Inc.

Oil & Gas Stock Roundup: RDS.A & SM's Divestment Deals, KMI's Project Suspension & More

2018-04-10 zacks
On the news front, supermajor Royal Dutch Shell plc (RDS.A - Free Report) and upstream player SM Energy Company (SM - Free Report) struck separate divestment deals, while energy infrastructure provider Kinder Morgan Inc. (KMI - Free Report) said that it is halting most activities and associated spending on the Trans Mountain pipeline expansion project.

SeaDrill (SDRL) Wins Solid Support for Restructuring Plans

2018-04-10 zacks
SeaDrill Limited’s (SDRL - Free Report) shares increased 15.12% to eventually close at 23.6 cents on Apr 9, reflecting investors’ optimism after the company received virtually unanimous backing for its reorganization plan. The company’s financial restructuring plan received approval from 99.8% of the creditors. Per the restructuring agreement, the international offshore drilling company will witness capital injection of $1.

Seadrill Reorganization Obtained Near Full Support From Creditors

2018-04-09 seekingalpha
On Monday, April 9, the company announced the voting results for its Chapter 11 plan of reorganization filed with the U.S. Bankruptcy Court for the Southern District of Texas.

Seadrill: Vote Confirms Restructuring Plan

2018-04-09 seekingalpha
Seadrill (SDRL) just announced voting results for its Chapter 11 restructuring plan. As per the company’s statement, the plan received approval from every single class of creditors and holders of interests entitled to vote. Among creditors, 99.8% voted to accept the plan. Now the plan will have to be approved on a confirmation hearing scheduled for April 17, 2018. As a reminder, here’s the plan as seen in the latest disclosure statement (docket 1002):

Offshore Drilling And Offshore Support Vessel Stocks Ahead Of The Earnings Season

2018-04-06 seekingalpha
It's time for a traditional pre-earnings article on offshore drillers and (new addition) offshore support vessel providers.

Ensco: Well Positioned To Take Advantage Of Improving Offshore Drilling Industry

2018-04-05 seekingalpha
The offshore drilling industry is a highly cyclical one, and it has been in a downturn for the past four years, but is now slowly improving.

Seadrill: Update On Restructuring Developments

2018-04-02 seekingalpha
It's been some time since we last discussed Seadrill's (SDRL) restructuring and it's high time to update on a number of developments. In this article, we'll discuss Seadrill's settlement with Daewoo Shipbuilding & Marine Engineering (DSME), the latest monthly operating report and the recent price action in Seadrill shares.

10 Deceptively Bad Stocks to Sell Before You’re Pranked

2018-03-30 investorplace
When the market gets volatile, all the buzz about high-growth stocks usually goes out the window fairly quickly.

Rig Supply Fundamentals: Tender And Semi-Tender Rigs

2018-03-27 seekingalpha
I revisit my series on rig supply fundamentals and add data on tender and semi-tender rigs.

Jackups: Deep Dive Into The Latin American Segment

2018-03-22 seekingalpha
In this article, we continue the discussion of supply fundamentals of the jackup segment of the offshore drilling market. This time, we look at the Latin American segment. Just like in the floater segment, jackups from U.S.-listed drillers face heavy competition from local companies. Another similarity to what we observed on the floater side is the fact that many rigs competing in the market are modern.

SDRL : Seadrill Limited Stock Analysis and Research Report

2017-10-31 - Asif

Seadrill Limited was incorporated in Bermuda under the Companies Act on May 10, 2005 as an exempted company limited by shares. The company's shares of common stock have been listed under the symbol “SDRL” on the Oslo Stock Exchange, or the “OSE”, since November 2005 and on the NYSE since April 2010. The company's principal executive offices are located at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda and its telephone number is +1 (441) 295-6935. Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. The company's primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra-deepwater areas, and in benign and harsh environments. The company contract its drilling units primarily on a dayrate basis to drill wells for its customers, who are oil super-majors and major integrated oil and gas companies, ...

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CUSIP: G7945E105