Log In

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...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a 16-well contract with Woodside offshore Australia for the semi-submersible, Valaris DPS-1. The company said the contract is expected to commence late in the first ...

Borr Drilling Ltd has confirmed its intention to cure a non-compliance notice from the New York Stock Exchange. The Bermudian-based oilfield services company said it has received written notice from the NYSE that the company is not in compliance with...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling. The company said the agreement is for Valaris JU-250 (Bob Palmer), a heavy-duty ultra-harsh ...

Five directors were re-elected yesterday at the annual general meeting of Bermudian-based Borr Drilling Ltd, the oilfield services company. Returning to the board of directors are Paal Kibsgaard, Tor Olav Trøim, Alexandra Kate Blankenship, Georgina E...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a three-year contract with North Oil Company offshore Qatar. The company said the contract is for Valaris JU-110, a heavy-duty modern jack-up. Valaris said the contr...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a three-year contract with Chevron in the US Gulf of Mexico. The company said the contract is for drillship Valaris DS-18 (Relentless). Valaris said the contract is ...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a one-well contract with Total E & P Côte d'Ivoire B.V. offshore Ivory Coast. The contract for the drillship Valaris DS-12 is expected to commence in the third quart...

Bermudian-based offshore drilling outfit Seadrill Ltd has made two senior staff appointments, and a high-profile board appointment. The company said Grant Creed has been named chief financial officer and Leif Nelson has become chief operating officer...

A joint venture involving Bermudian-based offshore drilling outfit Seadrill Ltd has secured a contract for a project in Angola. The company said the contract has been secured by Sonadrill Holding Ltd, the 50:50 joint venture with an affiliate of Sona...

Bermudian-registered shipping and logistics company Ocean Wilsons Holdings Ltd reported profits after tax dropped 21.3 per cent or $13 million to $48 million in 2020, principally due to the impact of foreign exchange losses and increased income tax. ...