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Bermuda-based Frontline Ltd, the oil tanker shipping company, has reported a net loss of $26.6 million, or 13 cents per basic and diluted share for the second quarter of 2021. The company reported an adjusted net loss of $23.2 million, or 12 cents pe...

Bermuda-based Flex LNG Ltd has purchased 80,000 of the company’s own common stocks. The liquefied natural gas shipping company said the purchases were made between August 17 and 20 on the Oslo Stock Exchange at an average price of 128.07 Norwegian kr...

Bermuda-based Seadrill Limited, the offshore drilling company involved in Chapter 11 bankruptcy proceedings, has reported a net loss of $605 million for the first half of 2021. That compares with a net loss of $2.915 billion in the second half of 202...

The board of Bermuda-based Frontline Ltd, the oil tanker shipping company, has appointed Lars Barstad as chief executive officer of Frontline Management AS. The appointment is effective September 1. The company said Mr Barstad currently serves as the...

Bermuda-based Avance Gas Holding Ltd has reported a net profit of $1.5 million for the second quarter of 2021. The company, which is engaged in the transportation of liquefied petroleum gas, declared a dividend of two cents per share, corresponding t...

Bermuda-based Valaris Ltd, the offshore drilling services company, has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for the drillship, ...

The board of directors of Borr Drilling Limited, the Bermuda-registered oilfield services company, has resolved to grant 10.3 million share options under the company's approved share option scheme to 23 of its employees. Among the grantees are two in...

Borr Drilling Limited, the Bermuda-based oilfield services company, has secured a Letter of Award for the premium jack-up drilling rig "Gunnlod" from an undisclosed operator in Malaysia. The company said the programme is expected to commence in the f...

Bermuda-based offshore drilling company Seadrill Limited has reached a settlement agreement with Northern Ocean Ltd predominantly with respect to balances outstanding from Seadrill's preparation of the West Mira and West Bollsta rigs in the North Sea...

Bermudian-based offshore drilling company Seadrill Limited has entered into agreements that it says contemplates a plan of reorganisation that will raise $350 million in new financing and reduce the company's liabilities by more than $4.9 billion. Th...

Borr Drilling Ltd, the Bermuda oilfield services company, has received a letter of award from an international oil company for additional jack-up drilling rig work in Mexico. The company said the programme is expected to commence in the second quarte...