Log In

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...

OSLO (Bloomberg) — Seadrill Ltd, the offshore rig company domiciled in Bermuda, said operating earnings beat forecasts as the company deepened costs cuts to weather a market downturn provoked by the collapse of oil prices. Earnings before interest, t...

Bermuda has been in the spotlight in Australia as senators examine the tax affairs of big business. An Australian senate committee set up to look at the tax affairs of major companies heard that oil giants Chevron had 200 companies registered in Berm...

OSLO (Bloomberg) — Billionaire John Fredriksen has sailed through troubled waters before. This time, he plans to make the most of a brutal downturn in offshore drilling amid a slump in oil prices and a glut of new rigs. Bermuda-based Seadrill Ltd sai...

SAN FRANCISCO (Bloomberg News) — US drillers have taken a record number of oil rigs out of service in the past six weeks as OPEC’s sustained production sent prices below $50 a barrel. The oil rig count has fallen by 209 since December 5, the steepest...

Oslo (Bloomberg) — North Atlantic Drilling Ltd., the rig-owner controlled by billionaire John Fredriksen, signed a cooperation deal with OAO Rosneft that will make Russia’s biggest oil company one of its largest shareholders. The accord, signed as th...

Bermuda will be at the centre of a power struggle involving a more than $2 billion-dollar international oil giant when shareholders converge on the Island this week for the company’s annual general meeting. Gulf Keystone Petroleum is registered in Be...

Bermuda will be at the centre of a power struggle involving a more than $2 billion-dollar international oil giant when shareholders converge on the Island next week for the company’s annual general meeting. Gulf Keystone Petroleum is registered in B...

OSLO (Reuters) - Bermuda-based offshore oil driller Seadrill said it saw an increasingly tight ultra-deepwater rig market and planned for additional newbuild units as it reported second-quarter earnings roughly in line with forecasts. “The board is i...

Bermuda-based Seadrill Ltd announced net income of $439 million for the first quarter and comfortably beat Wall Street’s expectations. Earnings per share for the oil and gas rig operator were 89 cents per share, beating analysts’ projections by a ful...

Bermuda-domiciled drilling contractor Nabors Industries Ltd hopes to raise at least $800 million by selling off non-core assets. In a regulatory filing yesterday, Nabors, which is run from Houston, Texas, detailed plans to shed oil and gas properties...