Seadrill Limited (SDRL) 🛢

TekBot · mai 5, 2021, 5:02am

West Mira Contract Update

tverilytt · mai 6, 2021, 9:36pm

tverilytt · mai 6, 2021, 10:01pm

John Fredriksens riggselskap Seadrill fikk som det ville: konkursdomstolen i Houston i Texas forlenget onsdag selskapets tillatelse til å bruke penger på vanlig drift til slutten av august. Dermed kan forhandlingene fortsette med sikte på å finne en restruktureringsavtale som reduserer gjelden og redder selskapet.

tverilytt · mai 8, 2021, 6:24pm

tverilytt · mai 11, 2021, 9:42pm

https://seadrillpartners.com/investor-relations/news-releases/detail/?id=5690F34FE847A2CD

TekBot · mai 14, 2021, 5:01am

SDRL - New Angola Contract for Seadrill Joint Venture Quenguela Drillship

Hamilton, Bermuda, 14 May 2021 - Seadrill Limited (“Seadrill”) is pleased to
announce a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”),
the 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”).
…

Vis børsmeldingen

Sonadrill has secured a twelve well contract with one option for nine wells and
eleven one well options in Angola for the Sonangol Quenguela drillship. Total
contract value for the firm portion of the contract is expected to be
approximately $131 million (inclusive of mobilization revenue and additional
services) with commencement expected in Q1 2022 and running to Q3 2023. The
contract is contingent on National Concessionaire approval.

Sonangol Quenguela is the second of two Sonangol-owned drillships to be bareboat
chartered into Sonadrill. The drillship is a 7[th] generation, DP3, dual
activity, e-smart ultra-deepwater drillship delivered in 2019, capable of
drilling up to 40,000ft wells.

Sonadrill is a joint venture created between Sonangol, owner of Sonangol
Libongos and Sonangol Quenguela drillships, and Seadrill, which has extensive
drilling expertise both worldwide and in Angola.

A further two Seadrill-owned units are expected to be bareboat chartered into
Sonadrill. Seadrill will manage and operate the four units on behalf of
Sonadrill.

Seadrill’s Chief Executive Officer, Stuart Jackson commented, “Sonadrill is a
strategic partnership in an important deepwater basin. The operational
excellence and experience of our team has driven this expansion of the joint
venture. Securing the contract for the Sonangol Quenguela drillship is a great
achievement, and is testament to the confidence that our partners and clients
have in the company and its staff.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
across the globe. Seadrill’s high quality, technologically advanced fleet spans
all asset classes allowing its experienced crews to conduct its operations from
shallow to ultra-deep-water environments. The company operates 43 rigs, which
includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTCQX. For more information, visit
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FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management’s current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company’s regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

seadrill@hawthornadvisors.com

020 3745 4960

Kilde

tverilytt · mai 14, 2021, 3:18pm

TekBot · mai 17, 2021, 6:01pm

SDRL - Seadrill New Finance Limited Announces Extension of Forbearance Agreement

Hamilton, Bermuda, 17 May, 2021 – Seadrill Limited (“Seadrill” or the “Company”) (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 19 April 2021, with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note Holders”).

Pursuant to the forbearance agreement, as extended, the consenting Note Holders have agreed not to exercise any enforcement rights with respect to the Issuer and any subsidiary of the Issuer which is an obligor under the Notes to, or otherwise take actions in respect of, certain events of default that may arise under the Notes as a result of, amongst other things, the Issuer not making the semi-annual 4% cash interest payment due to the senior secured noteholders on 15 January 2021 in respect of their Notes and the filing of Chapter 11 cases in the Southern District of Texas by the Company and certain of its consolidated subsidiaries (excluding the Issuer and its consolidated subsidiaries) until and including the earlier of 28 May 2021 and any termination of the forbearance agreement.
…

Vis børsmeldingen

The purpose of the forbearance agreement is to allow the Issuer and its stakeholders more time to negotiate on the heads of terms of a comprehensive restructuring of its balance sheet. Such a restructuring may involve the use of a court-supervised process.

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe. Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments. The company operates 43 rigs, which includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTCQX. For more information, visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Media questions should be directed to:
Iain Cracknell
Director of Communications
+44 (0)7765 221 812

Analyst questions should be directed to:
Hawthorn Advisors
seadrill@hawthornadvisors.com
+44 (0)203 7454960

Kilde

tverilytt · mai 18, 2021, 10:26pm

TekBot · mai 20, 2021, 5:01am

Seadrill Limited (SDRL) - First Quarter 2021 Update

Hamilton, Bermuda, May 20, 2021 - Seadrill Limited (“Seadrill” or “the Company”)
(OSE:SDRL, OTCPK:SDRLF), a world leader in offshore drilling, provides an update
for the first quarter of 2021.
…

Vis børsmeldingen

We continue to sign high-quality and high-value contracts, reflecting depth of
customer relationships. The quarter update includes:

· West Tellus - contract for two wells and additional intervention work plus
two optional wells with Shell Brazil in direct continuation to the Petrobras
contract, backlog contribution of $23m.
· West Hercules - options were exercised by Equinor in Norway, backlog
contribution of $34m.

Post quarter end updates include backlog additions of $374m:

· West Saturn - four-year firm contract, with four one year options, with
Equinor Brasil Energia. The contract is expected to commence in April 2022,
backlog contribution of $354m.
· West Neptune - contract signed with Talos, for one well firm with one well
option which commenced in May 2021, and a further contract was signed with
Kosmos for one well firm commencing in direct continuation of the Talos
contract.
· West Tellus - Petrobras has provided notice that the rig will conclude
operations in September 2021 earlier than was originally expected in December
2021. The rig is anticipated to work in direct continuation with Shell Brazil.

Total backlog of $2.1bn as of 20 May 2021, which is one of the highest across
our peers. Seadrill is contracted to work across all major oil and gas basins in
the world: 13 rigs in operation globally, including in the Arabian Gulf, the
Americas, and Norway. This lays the foundation for Seadrill to continue in a
strong position as the market recovers this year and beyond.

Seadrill’s financial restructuring continues to make good progress through
productive discussions with all parties involved. It is likely that the
comprehensive restructuring plan will require a substantial impairment and
losses for current shareholders. As a result, the Company currently expects that
shareholders are likely to receive minimal recovery for their existing shares.

The fleet status report can be viewed at: Fleet | Seadrill Limited (OSE: SDRL – OTCQX: SDRLF)

-ENDS-

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
across the globe. Seadrill’s high quality, technologically advanced fleet spans
all asset classes allowing its experienced crews to conduct its operations from
shallow to ultra-deep-water environments. The company operates 43 rigs, which
includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information,
visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management’s current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company’s regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

seadrill@hawthornadvisors.com

020 3745 4960

Kilde

tverilytt · mai 20, 2021, 2:39pm

«Dette legger grunnlaget for at Seadrill kan beholde sin sterke posisjon etter hvert som markedet tar seg opp utover året og videre fremover,» skriver selskapet i kvartalsoppdateringen.

tverilytt · mai 25, 2021, 9:40pm

TekBot · mai 27, 2021, 5:00am

Seadrill Limited (SDRL) – Board Appointment

Hamilton, Bermuda | May 27, 2021 – Seadrill Limited (“Seadrill” or the “Company”) (OSE:SDRL, OTCPK:SDRLF), is pleased to announce the appointment of Svein Harald Øygard as a new board director. Mr Øygard brings significant financial and sector expertise to the Company, with decades of international experience in the government, financial and energy sectors. He worked within the Norwegian Ministry of Finance and various other governmental agencies, including as State Secretary of Finance, where he led the work on the Norwegian Tax Reform 1992, the Norwegian Government’s Long-Term Program and the report on the economic effects of a possible EU membership. In 1995, he joined global consultancy McKinsey in Norway, a business he ran from 2005 to 2007. In 2009, he was Interim Governor of the Central Bank of Iceland, before returning to McKinsey. He served as Global Knowledge Leader Oil & Gas from 2010 to 2014 and led the firm’s oil and gas work in South America from 2013 to 2016.

Taking his expertise freelance in 2016, Mr. Øygard has since held board positions for a range of international firms operating in the oil and gas sector and from 2017 to early 2021 worked for Sparebank 1 Markets. An established author and economist, in 2019 Mr. Øygard published a book entitled “In the Combat Zone of Finance”, which focused on the 2008 financial crisis and its macroeconomic impact. Originally published in Norwegian and Icelandic, the book has also been translated into English and Chinese.
…

Vis børsmeldingen

Glen Ole Rødland, Chairman commented: “We are delighted to welcome Svein Harald to Seadrill’s board. His expertise in the oil and gas sector, alongside his directorship and board committee experience, complement a board and management dedicated to further developing Seadrill’s position as the sector’s leading offshore driller.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe. Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments. The company operates 43 rigs, which includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information, visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Media questions should be directed to:
Iain Cracknell
Director of Communications
+44 (0)7765 221 812

Analyst questions should be directed to:
Hawthorn Advisors
seadrill@hawthornadvisors.com
+44 (0)203 7454960

Kilde

TekBot · mai 27, 2021, 5:02am

Seadrill Limited (SDRL) - Board Appointment

Hamilton, Bermuda | May 27, 2021 - Seadrill Limited (“Seadrill” or the
“Company”) (OSE:SDRL, OTCPK:SDRLF), is pleased to announce the appointment of
Svein Harald Øygard as a new board director. Mr Øygard brings significant
…

Vis børsmeldingen

financial and sector expertise to the Company, with decades of international
experience in the government, financial and energy sectors. He worked within the
Norwegian Ministry of Finance and various other governmental agencies, including
as State Secretary of Finance, where he led the work on the Norwegian Tax Reform
1992, the Norwegian Government’s Long-Term Program and the report on the
economic effects of a possible EU membership. In 1995, he joined global
consultancy McKinsey in Norway, a business he ran from 2005 to 2007. In 2009, he
was Interim Governor of the Central Bank of Iceland, before returning to
McKinsey. He served as Global Knowledge Leader Oil & Gas from 2010 to 2014 and
led the firm’s oil and gas work in South America from 2013 to 2016.

Taking his expertise freelance in 2016, Mr. Øygard has since held board
positions for a range of international firms operating in the oil and gas sector
and from 2017 to early 2021 worked for Sparebank 1 Markets. An established
author and economist, in 2019 Mr. Øygard published a book entitled “In the
Combat Zone of Finance”, which focused on the 2008 financial crisis and its
macroeconomic impact. Originally published in Norwegian and Icelandic, the book
has also been translated into English and Chinese.

Glen Ole Rødland, Chairman commented: “We are delighted to welcome Svein Harald
to Seadrill’s board. His expertise in the oil and gas sector, alongside his
directorship and board committee experience, complement a board and management
dedicated to further developing Seadrill’s position as the sector’s leading
offshore driller.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
across the globe. Seadrill’s high quality, technologically advanced fleet spans
all asset classes allowing its experienced crews to conduct its operations from
shallow to ultra-deep-water environments. The company operates 43 rigs, which
includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information,
visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management’s current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company’s regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward-looking statement.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

seadrill@hawthornadvisors.com

020 3745 4960

Kilde

TekBot · mai 27, 2021, 5:02am

Seadrill Limited (SDRL) – Appointment of Chief Financial Officer and Chief Operating Officer

Hamilton, Bermuda | May 27, 2021 – Seadrill Limited (“Seadrill” or the “Company”) (OSE:SDRL, OTCPK:SDRLF), is pleased to announce the appointment of Grant Creed as Chief Financial Officer and Leif Nelson as Chief Operating Officer, both effective immediately. Grant is an experienced senior finance executive who joined Seadrill in 2013 and, prior to his appointment as Chief Financial Officer, was Chief Restructuring Officer leading Seadrill’s capital restructuring. During his time at Seadrill, Grant has held various positions including VP Mergers & Acquisitions and VP Corporate and Commercial Finance. Prior to joining Seadrill, Grant held M&A Transaction Services and Audit positions at Deloitte and is a chartered accountant.

Reid Warriner, Chief Operating Officer, has taken the decision to step down and will support the company in delivering a smooth handover of activities in the coming months. Leif Nelson, Seadrill’s current Chief Technology Officer will now also serve as the Chief Operating Officer. Having previously been Chief Operating Officer of Seadrill for a number of years, Leif will ensure a smooth continuation of safe and efficient operations.
…

Vis børsmeldingen

Stuart Jackson, CEO of Seadrill, said: “Grant has a breadth of experience and extensive expertise in capital market transactions, mergers and acquisitions and driving efficiencies that will be key for the future of Seadrill. His appointment positions the company strategically for the future as we prepare to take the next steps in our financial restructuring, which will see Seadrill solidify its position as a leading provider of offshore drilling services.

“I would like to thank Reid for his service and wish him every success for the future as I welcome Leif back into the role of Chief Operating Officer. The breadth and depth of Leif’s experience in our industry, coupled with a proven track record of delivering safe and efficient operations for our customers will be key to our future success.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe. Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments. The company operates 43 rigs, which includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information, visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Media questions should be directed to:
Iain Cracknell
Director of Communications
+44 (0)7765 221 812

Analyst questions should be directed to:
Hawthorn Advisors
seadrill@hawthornadvisors.com
+44 (0)203 7454960

Kilde

TekBot · mai 27, 2021, 5:02am

Seadrill Limited (SDRL) - Appointment of Chief Financial Officer and Chief Operating Officer

Hamilton, Bermuda | May 27, 2021 - Seadrill Limited (“Seadrill” or the
“Company”) (OSE:SDRL, OTCPK:SDRLF), is pleased to announce the appointment of
Grant Creed as Chief Financial Officer and Leif Nelson as Chief Operating
…

Vis børsmeldingen

Officer, both effective immediately. Grant is an experienced senior finance
executive who joined Seadrill in 2013 and, prior to his appointment as Chief
Financial Officer, was Chief Restructuring Officer leading Seadrill’s capital
restructuring. During his time at Seadrill, Grant has held various positions
including VP Mergers & Acquisitions and VP Corporate and Commercial Finance.
Prior to joining Seadrill, Grant held M&A Transaction Services and Audit
positions at Deloitte and is a chartered accountant.

Reid Warriner, Chief Operating Officer, has taken the decision to step down and
will support the company in delivering a smooth handover of activities in the
coming months. Leif Nelson, Seadrill’s current Chief Technology Officer will now
also serve as the Chief Operating Officer. Having previously been Chief
Operating Officer of Seadrill for a number of years, Leif will ensure a smooth
continuation of safe and efficient operations.

Stuart Jackson, CEO of Seadrill, said: "Grant has a breadth of experience and
extensive expertise in capital market transactions, mergers and acquisitions and
driving efficiencies that will be key for the future of Seadrill. His
appointment positions the company strategically for the future as we prepare to
take the next steps in our financial restructuring, which will see Seadrill
solidify its position as a leading provider of offshore drilling services.

“I would like to thank Reid for his service and wish him every success for the
future as I welcome Leif back into the role of Chief Operating Officer. The
breadth and depth of Leif’s experience in our industry, coupled with a proven
track record of delivering safe and efficient operations for our customers will
be key to our future success.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
across the globe. Seadrill’s high quality, technologically advanced fleet spans
all asset classes allowing its experienced crews to conduct its operations from
shallow to ultra-deep-water environments. The company operates 43 rigs, which
includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information,
visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management’s current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company’s regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

seadrill@hawthornadvisors.com

020 3745 4960

Kilde

TekBot · mai 27, 2021, 9:43pm

SDRL - Seadrill New Finance Limited Announces Extension of Forbearance Agreement

Hamilton, Bermuda, 27 May, 2021 – Seadrill Limited (“Seadrill” or the “Company”) (OSE:SDRL, OTCPK:SDRLF) announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to further extend the existing forbearance agreement announced on 19 April 2021, and extended on 17 May 2021, with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note Holders”).

Pursuant to the forbearance agreement, as extended, the consenting Note Holders have agreed not to exercise any enforcement rights with respect to the Issuer and any subsidiary of the Issuer which is an obligor under the Notes to, or otherwise take actions in respect of, certain events of default that may arise under the Notes as a result of, amongst other things, the Issuer not making the semi-annual 4% cash interest payment due to the senior secured noteholders on 15 January 2021 in respect of their Notes and the filing of Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas by the Company and certain of its consolidated subsidiaries (excluding the Issuer and its consolidated subsidiaries) until and including the earlier of 4 June 2021 and any termination of the forbearance agreement.
…

Vis børsmeldingen

The purpose of the forbearance agreement is to allow the Issuer and its stakeholders more time to negotiate on the heads of terms of a comprehensive restructuring of its balance sheet. Such a restructuring may involve the use of a court-supervised process.

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe. Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments. The company operates 43 rigs, which includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTCPK. For more information, visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Media questions should be directed to:
Iain Cracknell
Director of Communications
+44 (0)7765 221 812

Analyst questions should be directed to:
Hawthorn Advisors
seadrill@hawthornadvisors.com
+44 (0)203 7454960

Kilde

tverilytt · mai 30, 2021, 1:06pm

De fem som nå sendes til resirkulering er riggene West Alpha (bygget i 1986), West Venture (2000), West Eminence (2008), West Pegasus (2011) og boreskipet West Navigator (1998).

Det betales mellom 4,2 og 7,7 millioner dollar for hver rigg, mens boreskipet er solgt for i underkant av 12 millioner dollar. Totalt betaler verftet 37,8 millioner dollar, eller rundt 316 millioner kroner for de fem enhetene.

TekBot · juni 3, 2021, 9:15pm

SDRL - Seadrill New Finance Limited Announces Extension of Forbearance Agreement

Hamilton, Bermuda, 3 June, 2021 – Seadrill Limited (“Seadrill” or the “Company”) (OSE:SDRL, OTCPK:SDRLF) announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to further extend the existing forbearance agreement announced on 19 April 2021, and extended on 17 May 2021 and 27 May 2021, with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note Holders”).

Pursuant to the forbearance agreement, as extended, the consenting Note Holders have agreed not to exercise any enforcement rights with respect to the Issuer and any subsidiary of the Issuer which is an obligor under the Notes to, or otherwise take actions in respect of, certain events of default that may arise under the Notes as a result of, amongst other things, the Issuer not making the semi-annual 4% cash interest payment due to the senior secured noteholders on 15 January 2021 in respect of their Notes and the filing of Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas by the Company and certain of its consolidated subsidiaries (excluding the Issuer and its consolidated subsidiaries) until and including the earlier of 18 June 2021 and any termination of the forbearance agreement.
…

Vis børsmeldingen

The purpose of the forbearance agreement is to allow the Issuer and its stakeholders more time to negotiate on the heads of terms of a comprehensive restructuring of its balance sheet. Such a restructuring may involve the use of a court-supervised process.

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe. Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments. The company operates 43 rigs, which includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTCPK. For more information, visit https://www.seadrill.com/

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Media questions should be directed to:
Iain Cracknell
Director of Communications
+44 (0)7765 221 812

Analyst questions should be directed to:
Hawthorn Advisors
seadrill@hawthornadvisors.com
+44 (0)203 7454960

Kilde

TekBot · juni 11, 2021, 6:41pm

Seadrill New Finance Limited (the “Issuer”) – Update on Restructuring Discussions and SeaMex Ltd Joint Venture

Hamilton, Bermuda | June 11, 2021 - Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce that restructuring discussions have continued with certain holders (the “Noteholders”) of the Issuer’s 12.0% senior secured notes due 2025 (the “Notes”) and good progress continues to be made.

The restructuring discussions include SeaMex Ltd (“SeaMex”), a 50/50 joint venture which Seadrill established with an investment fund controlled by Fintech Holdings Limited (“Fintech”) in 2014.
…

Vis børsmeldingen

The Issuer has agreed in principle the key terms of a restructuring proposal in relation to SeaMex with a majority of the Noteholders and which provides for a refinancing of the secured bank debt of SeaMex. The key terms of this proposal include:

materially deleveraging SeaMex’s balance sheet by equitizing all or a significant proportion of the approximately $454 million of subordinated debt controlled by the Issuer; and
injecting short-term liquidity into SeaMex in order to bridge towards a refinancing of SeaMex’s senior bank debt as part of a comprehensive restructuring of SeaMex’s balance sheet.
Seamexholding International, Inc. (a wholly owned subsidiary of Fintech) served a petition to place SeaMex under provisional liquidation in Bermuda. In the absence of a consensual agreement with Fintech on restructuring terms, the Issuer and a significant majority of the financial creditors of SeaMex are nominating their own provisional liquidators in order to be able to implement a creditor supported restructuring of SeaMex to maximise value for creditors and other stakeholders. The need for the provisional liquidation and restructuring has arisen as a result of Petróleos Mexicanos (“Pemex”) not having paid material receivables to SeaMex over a prolonged period of time as well as an objective to deleverage SeaMex’s balance sheet.

The financial creditors of SeaMex remain fully supportive of SeaMex. Such a restructuring is only at the SeaMex holding company level and will not impact the operational activities of the business. There will similarly be no impact to employees, customers or suppliers. Any use of a court supervised process in Bermuda will benefit from funding and result in an orderly restructuring of SeaMex’s balance sheet for the benefit of all stakeholders, including employees, customers and suppliers.

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe. Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments. The company operates 43 rigs, which includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information, visit https://www.seadrill.com/.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Media questions should be directed to:
Iain Cracknell, Director of Communications
+44 (0)7765 221 812

Analyst questions should be directed to:
Hawthorn Advisors
seadrill@hawthornadvisors.com
+44 (0)203 7454960

Kilde