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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. ...

Seadrill Ltd, one of the world’s largest offshore drilling companies, has emerged from chapter 11 bankruptcy after completing its plan of reorganisation. Conyers Dill and Pearman has been advising the Bermudian-registered company on the plan and rela...

Two former oil company executives have each been banned from running companies for 14 years after they received millions of dollars in secret payments through a Bermudian-based entity they controlled. Osman Shahenshah and Shahid Ullah were the ex-chi...

The imposing bulk of the construction vessel Seabed Constructor loomed into view on Thursday morning as it entered Bermuda’s waters for the second time this year. The multi-purpose offshore construction vessel, complete with helicopter landing deck, ...

OSLO (Bloomberg) — Bermudian-domiciled Seadrill Ltd, once the crown jewel of billionaire John Fredriksen’s business empire, is now at the mercy of short-term speculators as the biggest funds avoid the offshore driller amid a struggle to avoid bankrup...

Nearly 20,000 gallons of gasoline was spilt in a leak at the Rubis terminal in St George’s last week, the company has confirmed. Three government ministers and Michael Dunkley have been briefed by Rubis officials on site. In a statement issued yest...

Government was alerted to a gasoline leak at the Rubis terminal in St George’s on Tuesday, a representative now says. In a statement sent to The Royal Gazette yesterday, a spokeswoman for the Ministry of Environment confirmed that Government was tol...

A fuel leak for which two international environmental specialists have been brought to Bermuda has been stopped, a St George’s MP has confirmed. The spill at the Rubis facility on Ferry Road was reported to the Ministry of the Environment on Tuesday...

Nordic American Offshore Ltd reported a fourth-quarter loss of $9.8 million this morning. The Bermudian company, which operates a fleet of ten supply vessels working in the North Sea oil industry, also declared a dividend of 2 cents per share. The lo...

Seadrill Limited has reported net income of $127 million, or 26 cents per diluted share, for the fourth-quarter. However, that was less than half the $272 million it achieved for the same period in 2015. For the full year the Bermudian-based offshore...

Seadrill Ltd’s earnings beat forecasts as the Bermudian-domiciled offshore rig company controlled by billionaire John Fredriksen continues to cut costs and sees signs of improvement in a challenging market. Third-quarter earnings before interest, tax...