News & Videos - SEADRILL LTD. DL 2,-

Hamilton, Bermuda, July 26, 2018 - Seadrill Limited ("SDRL or the Company") announces that it has been approved for listing on the Oslo Stock Exchange and the shares will begin trading today under the ticker symbol "SDRL" (ISIN: ISIN BMG7998G1069). The listing prospectus is available at www.seadrill.com. Hard copies may be obtained free of charge by contacting Investor Relations at [email protected] . FORWARD LOOKING STATEMENTS This news release includes forward looking statements. Such statements...

Hamilton, Bermuda, July 18, 2018 - Seadrill Limited ("SDRL or the Company") announces today that a subsidiary of Seadrill Partners, the Master Limited Partnership it established in 2012 and in which it holds approximately a 46.6% interest in, has received approximately $248 million relating to the West Leo early termination litigation award. Further details relating to the Seadrill Partners litigation can be found here: SDLP - West Leo Early Termination Litigation Update FORWARD LOOKING...

Hamilton, Bermuda, July 3, 2018 - Seadrill Limited ("SDRL or the Company") announces today that Seadrill Partners, the Master Limited Partnership it established in 2012 and in which it holds approximately a 46.6% interest in, has been awarded a $273 million settlement from the English High Court following a dispute with Tullow Ghana Limited in relation to the early termination of the West Leo. Further details relating to the Seadrill Partners settlement can be found here: SDLP - Seadrill...

Hamilton, Bermuda, July 2, 2018 - Seadrill Limited (" Seadrill " or the " Company ") announces today (the " Effective Date ") that it has emerged from chapter 11 after successfully completing its reorganization pursuant to its chapter 11 plan of reorganization (the " Plan "). All conditions precedent to the restructuring contemplated by the Plan have been satisfied or otherwise waived. The Plan has equitized approximately $2.4 billion in unsecured bond obligations, more than $1 billion in...

Hamilton, Bermuda, June 7, 2018 - Seadrill Limited (" Seadrill " or the " Company ") announces today that it anticipates emerging from the chapter 11 process in the first half of July 2018. As previously announced, on April 17, 2018, the court overseeing the Company's chapter 11 cases entered an order confirming Seadrill's plan of reorganization (the " Plan "). Since confirmation of the Plan, the Company has been preparing to close the Plan transactions and satisfy conditions precedent, which...

Hamilton, Bermuda, April 18, 2018 - Seadrill Limited ("Seadrill" or the "Company") announces that its Plan of Reorganization (the "Plan") has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. The Plan has near unanimous support from the Company's stakeholders and emergence from Chapter 11 is expected within the next 60-90 days. The Plan strengthens our capital structure with $1.08 billion of new capital, extending and re-profiling $5.7 billion of secured bank debt,...

Hamilton, Bermuda, April 13, 2018 - Seadrill Limited ("Seadrill or the Company") announces that it has filed its annual report on Form 20-F for the year ended December 31, 2017 with the Securities and Exchange Commission in the U.S. The tables below summarize the key underlying financial metrics: Year ended December 31 (in $ millions) 2017 Operating loss (728) Depreciation and amortization 798 Loss on impairment of long lived assets 696 Loss on disposals 245 Adjusted EBITDA 1,011 Year ended...

Hamilton, Bermuda, April 9, 2018 - Seadrill Limited has announced the voting results for its Chapter 11 Plan of Reorganization (the "Plan") filed with the U.S. Bankruptcy Court for the Southern District of Texas. The near unanimous support from the voting ballots reflects the overwhelming support for the Company's Plan and reorganization efforts. Of the 530 ballots cast by creditors voting on the Plan, 529 or 99.8% of all voting creditors aggregated across all creditors classes (excluding...

Hamilton, Bermuda, February 26, 2018 - On February 26, 2018, Seadrill Limited ("Seadrill" or the "Company") succeeded in reaching a global settlement with an ad hoc group of bondholders, the official committee of unsecured creditors, and other major creditors in its chapter 11 cases. As a result of the settlement, approximately 70% of the Company's bondholders by principal amount have now signed an agreement to support the Company's restructuring. Approximately 99% of the Company's bank lenders...

Hamilton, Bermuda, December 16, 2017 - On September 12, 2017, Seadrill Limited ("Seadrill" or the "Company") filed a Form 6K, attached to which as Exhibit 99-1 was a presentation which included the Company's business plan. In the ordinary course of business, Seadrill has prepared an updated business plan, which is attached hereto. Also, on December 15, 2017, the Company filed a revised disclosure statement with the court overseeing its chapter 11 cases in the Southern District of Texas. The...

Hamilton, Bermuda, December 13, 2017 - Seadrill Limited ("Seadrill" or the "Company") announces today that Harald Thorstein has been appointed as Director of the Company with immediate effect. Mr Thorstein brings a wealth of relevant experience to the Company having worked extensively in the offshore and shipping industries. Harald Thorstein has served as a director of Seadrill Partners LLC since September 2012. Mr. Thorstein is currently employed by Seatankers Consultancy Services (UK) Limited...

Hamilton, Bermuda, November 24, 2017 - Seadrill Limited ("Seadrill" or "the Company") announces today that Ørjan Svanevik has resigned as a Director of the Company. Mr. Svanevik has served as a Director since October 2014. The Board would like to thank Mr Svanevik for his contribution over the years and wishes him well in his future pursuits. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is...

Hamilton, Bermuda, November 17, 2017 - Seadrill Limited ("Seadrill" or the "Company") and certain affiliates commenced prearranged chapter 11 cases in the Southern District of Texas on September 12, 2017. While in chapter 11 the Company will not issue quarterly earnings reports, and accordingly no quarterly report will be issued for Q3 2017. The Company's next filing with the Securities and Exchange Commission will be its Annual Report on Form 20-F by April 30, 2018, in compliance with standards...

Hamilton, Bermuda, September 13, 2017 - Seadrill Limited ("Seadrill" or the "Company") announces today that the court overseeing the Company's chapter 11 restructuring proceedings has granted the relief requested by the Company in its key first-day motions related to ordinary course business activities. The approved motions give the Company the authority to, among other things, continue to pay employee wages and benefits without interruption, continue to utilize its cash management system and...

Hamilton, Bermuda, September 12, 2017 - Seadrill Limited ("Seadrill" or the "Company") has entered into a restructuring agreement with more than 97 percent of its secured bank lenders, approximately 40 percent of its bondholders and a consortium of investors led by its largest shareholder, Hemen Holding Ltd. The agreement delivers $1.06 billion of new capital comprised of $860 million of secured notes and $200 million of equity. The Company's secured lending banks have agreed to defer maturities...

Hamilton, Bermuda, September 8, 2017 - Seadrill Limited ('SDRL' or 'the Company') announces today that it has increased the capacity of the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, from $150 million to $200 million. The facility was originally entered into on January 31, 2017 for $25 million maturing on March 31, 2017. On April 25, 2017 the facility was amended to mature on June 30, 2017 and was increased to $50 million. On June 27, 2017...

Highlights Revenue of $577 million Operating loss of $100 million EBITDA of $264 million 97% economic utilization Reported net loss of $158 million and diluted net loss per share of $0.28 Underlying net loss, excluding non-recurring items and non-cash mark to market movements on derivatives, was $15 million and net loss per share was $0.00 Cash and cash equivalents of $1.3 billion Seadrill Limited order backlog of approximately $3.1 billion Commenting today, Anton Dibowitz, CEO and President of...

Hamilton, Bermuda, August 17, 2017 - Seadrill Limited ("SDRL or the Company") announces today that it has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company's likely use of chapter 11 proceedings to implement its restructuring plan. The amendments to the three facilities remove Seadrill Partners and its consolidated entities as a borrower or...

Hamilton, Bermuda, August 15, 2017 - Seadrill Limited ("SDRL" or "the Company") announces today that it has amended the term credit facility provided to Seadrill Eminence Ltd., a wholly owned subsidiary of the Company, to mature on September 14, 2017. The amendment was implemented by way of a scheme of arrangement under section 99 of the Companies Act 1981 of Bermuda. The scheme received approval from 100 per cent. of the number and 100 per cent. by value of the scheme creditors voting at the...

Hamilton, Bermuda, August 14 th , 2017 - Seadrill Limited is scheduled to release its second quarter 2017 results on Thursday August 24 th , 2017. In connection with the earnings release, a conference call/webcast will be held as described below. A conference call will be held at 12:00 p.m. EDT / 5:00 p.m. BST on Thursday August 24 th , 2017. To listen to the management presentation of the results, the following options are available: A. Webcast In order to register to view the webcast, please...