Welcome to our dedicated page for Seadrill news (Ticker: SDRL), a resource for investors and traders seeking the latest updates and insights on Seadrill stock.
Seadrill Limited reports developments for an offshore drilling contractor focused on deepwater oil and gas drilling. News commonly covers fleet contracts, extensions and backlog for ultra-deepwater drillships such as West Neptune, West Vela, West Polaris, West Saturn, West Capella, West Jupiter and Sonangol Quenguela.
Company updates also address quarterly results, revenue and EBITDA guidance, capital expenditures, maintenance activity, debt and cash position, and operating activity in markets including the U.S. Gulf, Brazil, Angola and Malaysia. Seadrill's customer base includes national, integrated and independent oil companies, with Sonadrill providing additional Angola exposure through a joint venture structure.
Seadrill Limited (NYSE: SDRL) has announced the binding Share Purchase Agreements for the sale of its 35% stake in Paratus Energy Services Limited. This move includes other interests held through Paratus, related to companies like SeaMex Group and Archer Ltd. The transaction is subject to standard closing conditions, including competition authority approvals, and is expected to finalize in Q4 2022 or early 2023. Seadrill continues to leverage advanced technologies in offshore drilling operations worldwide.
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Seadrill Limited has announced a further extension of its forbearance agreement concerning its 12.0% senior secured notes due 2025. This extension, which follows previous announcements on April 19 and May 17, 2021, allows certain Note Holders to refrain from exercising enforcement rights related to events of default, including missed interest payments and ongoing Chapter 11 proceedings. The purpose is to provide time for the Issuer and stakeholders to negotiate a comprehensive balance sheet restructuring, potentially through a court-supervised process.