Seadrill

Seadrill Provides Commercial Updates on West Vela, West Capella, and West Auriga

Retrieved on: 
Monday, January 29, 2024

January 29, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces multiple contract awards totalling approximately $97.5 million in value, in addition to an update on the West Auriga.

Key Points: 
  • January 29, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces multiple contract awards totalling approximately $97.5 million in value, in addition to an update on the West Auriga.
  • Talos Production Inc. has awarded the West Vela a contract with an estimated duration of 150 days in the U.S. Gulf of Mexico.
  • Seadrill has been advised by the current manager of the West Auriga that the rig will be released in February 2024 due to changes in their client's drilling sequence.
  • We also look forward to getting Seadrill coveralls back onboard the West Auriga.”

Seadrill Limited Announces Organizational Change

Retrieved on: 
Thursday, December 14, 2023

December 14, 2023-- As previously announced, Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has decided to close its London, England office and consolidate its corporate office in Houston, Texas.

Key Points: 
  • December 14, 2023-- As previously announced, Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has decided to close its London, England office and consolidate its corporate office in Houston, Texas.
  • The Company announced today that its Executive Vice President and Chief Operating & Technology Officer, Leif Nelson, will not relocate to Houston and instead will be departing Seadrill.
  • In connection with Mr. Nelson’s departure, the Company has promoted Marcel Wieggers to Senior Vice President - Operations, reporting directly to Simon Johnson, President and Chief Executive Officer.
  • Mr. Wieggers has been with Seadrill since 2009, most recently serving as Vice President - Operations.

Seadrill Limited Initiates New Share Buy-back Program

Retrieved on: 
Thursday, December 14, 2023

December 14, 2023-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) recently completed its $250 million share repurchase program which was announced in September 2023.

Key Points: 
  • December 14, 2023-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) recently completed its $250 million share repurchase program which was announced in September 2023.
  • As announced on November 27, 2023, the Board of Directors of the Company authorized additional share repurchases, allowing the repurchase of up to a further $250 million of its outstanding common shares.
  • The Company is not obligated to repurchase any shares under the program.
  • The repurchase program will be completed in accordance with Regulation (EU) 2016/1052.

Lone Star Analysis Expands Its Global Footprint with New Office in Lincolnshire

Retrieved on: 
Tuesday, October 17, 2023

Lone Star Analysis , a trusted provider of leading-edge predictive and prescriptive analytics, and Evolved AI® (EAI), has opened its new office in Lincoln, Lincolnshire in England.

Key Points: 
  • Lone Star Analysis , a trusted provider of leading-edge predictive and prescriptive analytics, and Evolved AI® (EAI), has opened its new office in Lincoln, Lincolnshire in England.
  • This location provides a new gateway to access these markets and serve the expansive customer base Lone Star is serving.
  • Lone Star currently serves seven customers in the UK and Europe across the defense, health, space, and energy sectors.
  • Lone Star has established a board of directors and developed new applications for the UK market, not currently available elsewhere.

Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards

Retrieved on: 
Wednesday, September 27, 2023

The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company.

Key Points: 
  • The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company.
  • The Restated Plan is designed to align the interests of eligible participants with those of the Company’s shareholders.
  • The Board of Directors of the Company adopted the Restated Plan to effect changes to the management incentive plan approved by the Board of Directors in August 2022 (the “Plan”) that were intended in part to address feedback received from shareholders of the Company.
  • The Restated Plan will become effective upon its approval by the Company’s shareholders at the Company’s upcoming Annual General Meeting.

Seadrill Limited Initiates Previously Announced Share Repurchase Program

Retrieved on: 
Tuesday, September 12, 2023

As previously announced, the Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) authorized a share repurchase program that allows the Company to repurchase up to $250 million of its outstanding common shares.

Key Points: 
  • As previously announced, the Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) authorized a share repurchase program that allows the Company to repurchase up to $250 million of its outstanding common shares.
  • The Company is not obligated to repurchase any shares under the program.
  • In furtherance of the program, Seadrill announced today that it has put in place an agreement with Arctic Securities AS and its subsidiary, Arctic Securities LLC ("Arctic"), for the repurchase of the Company's common shares in open market transactions on the OSE and the NYSE.
  • Under this agreement, Arctic will make its own trading decisions independently of, and uninfluenced by, Seadrill, subject to instructions provided by Seadrill in the agreement.

Harry Quarls Joins ESS Board of Directors as Chairman

Retrieved on: 
Tuesday, August 29, 2023

ESS Tech, Inc. (“ESS”) ( NYSE : GWH), a leading manufacturer of long-duration energy storage (LDES) for commercial and utility-scale applications, today announced Harry Quarls has joined the ESS Board of Directors as Chairman.

Key Points: 
  • ESS Tech, Inc. (“ESS”) ( NYSE : GWH), a leading manufacturer of long-duration energy storage (LDES) for commercial and utility-scale applications, today announced Harry Quarls has joined the ESS Board of Directors as Chairman.
  • Michael Niggli, the ESS Founding Board Chairman, will remain on the board to assist with this transition and continue providing insights from his four decades as a utility executive.
  • “We are thrilled to bring someone of Harry’s stature to the board of ESS,” said Niggli.
  • I am excited to join ESS during this period of growth to drive world-class shareholder value.”
    Mr. Quarls currently serves as chairman of the board for CHC Helicopter, Key Energy Services, and Mesquite Energy.

Seadrill Limited Announces Second Quarter 2023 Earnings Release Date

Retrieved on: 
Thursday, July 20, 2023

HAMILTON, Bermuda, July 20, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) will report earnings for the second quarter of 2023 on Tuesday, August 15, 2023.

Key Points: 
  • HAMILTON, Bermuda, July 20, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) will report earnings for the second quarter of 2023 on Tuesday, August 15, 2023.
  • The Company will host a call to discuss its results that day at 09:00 EST / 14:00 BST / 15:00 CET.
  • Interested participants may join the call by dialling +1 855 979 6654 or +44 800 358 1035 (Passcode: 610792) at least 15 minutes prior to the scheduled start time.
  • The Company will also webcast the call live at https://bit.ly/3rBMARr and provide a replay on its website, www.seadrill.com/investors .

Seadrill Limited Announces Second Quarter 2023 Earnings Release Date

Retrieved on: 
Thursday, July 20, 2023

HAMILTON, Bermuda, July 20, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) will report earnings for the second quarter of 2023 on Tuesday, August 15, 2023.

Key Points: 
  • HAMILTON, Bermuda, July 20, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) will report earnings for the second quarter of 2023 on Tuesday, August 15, 2023.
  • The Company will host a call to discuss its results that day at 09:00 EST / 14:00 BST / 15:00 CET.
  • Interested participants may join the call by dialling +1 855 979 6654 or +44 800 358 1035 (Passcode: 610792) at least 15 minutes prior to the scheduled start time.
  • The Company will also webcast the call live at https://bit.ly/3rBMARr and provide a replay on its website, www.seadrill.com/investors .

Seadrill Limited (SDRL) Provides Further Information Regarding New Revolving Credit Facility and Certain Other Information Regarding Offering of Senior Secured Second Lien Notes

Retrieved on: 
Tuesday, July 11, 2023

HAMILTON, Bermuda, July 11, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) provides further information regarding the Revolving Credit Facility (as defined herein) and certain other information being delivered to potential investors in connection with the offering of the Notes (as defined herein).

Key Points: 
  • HAMILTON, Bermuda, July 11, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) provides further information regarding the Revolving Credit Facility (as defined herein) and certain other information being delivered to potential investors in connection with the offering of the Notes (as defined herein).
  • The occurrence of a payment default under the New Credit Agreement would, in general, increase the applicable interest rate under the Revolving Credit Facility by 2.0% per annum.
  • In connection with the offering of the Notes, the Company is providing the information below and attached hereto.
  • The information below and attached hereto is excerpted from information being delivered to potential investors in connection with the offering of the Notes.