Seadrill Limited has no obligation with respect to such comments or materials and has freedom to reproduce use or transform such comments or materials without limitation. 21-30499. We are pleased with our operational and financial performance as we move through the year, with our technical utilization at 96% and our operating revenues and adjusted EBITDA substantially increasing quarter-on-quarter. [18][19], On December 1, 2020, Seadrill filed for Chapter 11 bankruptcy for the second time. Create a recurring email based on criteria you specify below. Seadrill (Dalian) Consulting Co Ltd . Mr Kjrvik is an accomplished financial executive who brings over 35 years of experience in financial roles across the banking, energy and maritime sectors. HAMILTON, Bermuda, Sept. 14, 2020 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTCQX: SDRLF) announces its acquisition of the minority holding of 33.76% of the share capital of Asia Offshore Drilling Limited ("AOD"). Austria. He is very familiar with both the offshore drilling sector and the E&P sector, serving as Board Chair for Pacific Drilling and a Director for Vanguard Natural Resources. This information was brought to you by Cision http://news.cision.com, https://news.cision.com/seadrill-limited/r/sdrl---seadrill-announces-acquisition-of-shares-in-asia-offshore-drilling,c3194039, View original content:http://www.prnewswire.com/news-releases/sdrl---seadrill-announces-acquisition-of-shares-in-asia-offshore-drilling-301130419.html, Plus500. [12][13][14] The company emerged from bankruptcy in July 2018. 21 Apr, 2023. SONADRILL HOLDING LTD is a Private limited company (Ltd.) company based in BUILDING 11, CHISWICK BUSINESS P 566 CHISWICK HIGH ROAD, United Kingdom, which employs 7 people. Seadrill works offshore and onshore in the oil & gas industry. Transaction Overview Aquadrill unitholders and equity award holders will in aggregate receive 30,645,160 common shares of Seadrill, representing 38% ownership in the Company, or approximately. By signing up you agree to receive content from us. Seadrill Limited. Our shared heritage will promote efficient integration of the two companies. The transaction has been approved by the Boards of Directors of both Seadrill and Aquadrill. For careers, jobs and work on rigs and onshore, search for positions. Kroll Restructuring Administration (formerly known as Prime Clerk) collects your email for the sole purpose of sending you updates on the docket activity for the case you select at the frequency and for the duration that you designate. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Seadrill Servicos de Petroleos Ltda. The consideration for the shares in AOD is $31 million and it is expected that completion of the share transfer and payment of the consideration will occur by the end of September 2020. Pages of this Web Site contain material protected by copyright and may not be reproduced in whole or part without the prior written authorisation of Seadrill Limited. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. 77002 21-30478 and is pending before the honorable Judge Bankruptcy Marvin Isgur in the U.S. Bankruptcy Court Texas Southern District (the "Bankruptcy Court") Houston division office. 2023 Seadrill Limited All rights reserved. Seadrill also confirmed it has agreed to acquire Mermaid shares in AOD for $31 million. By signing up you agree to receive content from us. Amended Agenda for Hearing on 1/12/2022 (Filed By Seadrill Limited ). Seadrill Limited has no liability either directly or indirectly for any other Web Sites which you may access through this site and Seadrill Limted has no control over such Sites. Any comments or materials sent to Seadrill Limited or any of its respective subsidiary or associated companies through this Web Site including answers to questions or suggestions shall be deemed to be non-confidential. 2023 Seadrill Limited All rights reserved. Seadrill Rig Holding Company Limited. Conduct a keyword search. 23 Feb, 2022, 02:05 ET. She also holds postgraduate certificates in strategy, innovation and management from Massachusetts Institute of Technology and completed the Digital Business Leadership Program at Columbia University. Currently a professional non-executive director advisor, he sits on a total of seven Boards. Holding Company : Seadrill Rig Holding Company Ltd: Bermuda: Holding Company : Seadrill Ltd: Bermuda: Holding Company : Seadrill UK Ltd: United Kingdom : Holding Company : Seadrill Partners LLC Holdco Ltd: Bermuda: Holding Company : Seadrill Seabras UK Ltd: United Kingdom : Holding Company : Seadrill Sevan Holdings Ltd: Seadrill Norway Operations Ltd. Bermuda. 2023 Seadrill Limited All rights reserved. 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. Notice of (I) Entry of Confirmation Order, (II) Occurrence of the Effective Date, and (III) Related Bar Dates. [5], In 2014, Seadrill conducted an initial public offering of its North Atlantic Drilling subsidiary, which owns harsh environment rigs. Seadrill is a deepwater drilling contractor for the petroleum industry. , . [9], In June 2013, the company acquired a majority interest in Sevan Drilling. Seadrill Management Limited is classified as a large private company under the Companies Act 2006, as such the Company is required to produce: S.172 Statement Stakeholder Engagement Statement Section 172(1) Statement View Seadrill's Bye-laws document here. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Furthermore Seadrill Limited shall have free use of any ideas concepts know-how or techniques contained in such comments or materials. From shallow to ultra-deep water, in both harsh and benign environments, Seadrill sets the standard in offshore drilling. Synergies are expected to be generated through a combination of: Strong cash flow generation and further strengthened balance sheet: The Company should benefit from an enhanced cash flow profile and a strengthened balance sheet, with significant credit and liquidity improvement, and with access to a potentially lower cost of capital. Notice of Hearing. Access to the registration statement and the prospectus, as well as other filings containing information about Seadrill and Aquadrill, are available without charge at the SEC's website (http://www.sec.gov). Following completion of the transaction, Aquadrill will become a wholly owned subsidiary of Seadrill. Seadrill works offshore and onshore in the oil & gas industry. We have a confident posture and remain constructive about this developing upcycle. All synergies are expected to be fully realized within two years of closing the transaction. OSLO, Dec 1 (Reuters) - Seadrill Partners LLC 8SDA.F, a company closely affiliated with oil rig group Seadrill Ltd SDRL.OL, said on Tuesday it had filed for Chapter 11 bankruptcy. This announcement includes forward-looking statements. Seadrill Limited has no obligation with respect to such comments or materials and has freedom to reproduce use or transform such comments or materials without limitation. Seabras Rig Holdings GmbH . On February 22, 2022, the Effective Date of the Plan occurred, and the Plan was consummated. 21-30427. USA. Rig Operator. He is a resident of Paris, France. Seadrill was incorporated as a Bermuda company on May 10, 2005 by John Fredriksen, a Norwegian-born shipping tycoon, and listed on the Oslo Stock Exchange in November 2005. Case No. Conduct a keyword search. Whilst the information provided on this web site and Seadrill social media channels is given in good faith by Seadrill Limited no warranty or representation is given concerning such information which must not be taken as establishing any contractual or other commitment binding upon Seadrill Limited or any of its subsidiary or associated companies. Additionally, Mr. Quarls served as Managing Director and practice leader for Global Energy as well as a member of the board of directors at Booz & Company, a leading international management consulting firm. The latest news and media for Seadrill Limited. www.justice.gov/ust-regions-r07/region-7-southern-district-texas-houston-division Phone: 713.718.4650 Fax: 713.718.4670, United States Courthouse 515 Rusk Avenue Houston, Save. Spencer Winters, 515 Rusk Street Suite 3516 Houston, Copies of the documents filed with the SEC can also be obtained, without charge, by directing a request to Seadrill. Ms. Zambelli previously served as an independent member of the Board of Directors of Petrobras and Braskem and was the founder and leader of the Diversity Committee at the Brazilian Petroleum Institute (IBP) from 2018 to present. Seadrill Limited (SDRL) - First Quarter 2023. Holding Company . Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. 23 May, 2023. Such statements are generally not historical in nature, and specifically include statements about completion of the merger transaction and the timing and amount of synergies realized from the combination of Aquadrill and Seadrill, future cash flows and liquidity of the Company, timing of closing the transaction, and Seadrill's and Aquadrill's plans, strategies, business prospects, changes, and trends in their businesses and the markets in which they operate. Any comments or materials sent to Seadrill Limited or any of its respective subsidiary or associated companies through this Web Site including answers to questions or suggestions shall be deemed to be non-confidential. New factors emerge from time to time, and it is not possible for Seadrill and Aquadrill to predict all of these factors. Ross M. Kwasteniet, P.C. These statements are based on Seadrill's and Aquadrill's respective management teams' current plans, expectations, assumptions and beliefs concerning future events impacting each of Seadrill and Aquadrill, and the Company should the merger occur, 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. In her last role, she served as a Managing Director in Brookfield's Private Equity Group, responsible for business operations in Brazil, where she also provided operational and financial oversight for Brookfield portfolio companies. The following files are available for download: https://mb.cision.com/Main/18925/3772970/2074630.pdf, https://mb.cision.com/Public/18925/3772970/8bcfc1cd03d11ffe.pdf, https://mb.cision.com/Public/18925/3772970/b8e035d774ecab80.pdf. Improper activities may be: Bribery and corruption Financial misconduct Falsification of accounting records Improper payments Fraud 2023 Seadrill Limited All rights reserved. This information was brought to you by Cision http://news.cision.com, https://news.cision.com/seadrill-limited/r/sdrl---seadrill-announces-acquisition-of-shares-in-asia-offshore-drilling,c3194039. Name of Issuer Seadrill Ltd Jurisdiction of Incorporation/Organization BERMUDA Year of Incorporation/Organization 2. Seadrill Limited - Award under Management Incentive Plan. 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. 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. 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. We are building a safer, stronger and smarter Seadrill to become the future of offshore drilling and maximise value for investors. [6] Seadrill continued to own 70% of North Atlantic Drilling. When typing in this field, a list of search results will appear and be automatically updated as you type. Whilst the information provided on this web site and Seadrill social media channels is given in good faith by Seadrill Limited no warranty or representation is given concerning such information which must not be taken as establishing any contractual or other commitment binding upon Seadrill Limited or any of its subsidiary or associated companies. Case No. "Seadrill Limited 2018 Form 20F Annual Report", "Seadrill Now Controls Nearly All Eastern Shares, Votes", "Seadrill beats Ensco in Scorpion battle", "North Atlantic Drilling Ltd. Mr. Swinney has developed a wide breadth of experience in the oil and gas sector, and synergizes his industry experience with a deep knowledge of corporate financial processes. [15] However, the company had its shares delisted from the New York Stock Exchange in June 2020. Any comments or materials sent to Seadrill Limited or any of its respective subsidiary or associated companies through this Web Site including answers to questions or suggestions shall be deemed to be non-confidential. Ana Zambelli has over 20 years of experience in the energy services sector in operational, commercial and finance roles. Furthermore the information contained on this web site or social media channels may be changed or updated without notice. For a definition of each such measure and a reconciliation to the most comparable GAAP financial measure, please see the Appendices. Our goal is to ensure that nobody gets hurt whilst performing their job. On October 26, 2021, the Bankruptcy Court entered an order confirming the Plan. Further, Seadrill and Aquadrill cannot assess the impact of each such factors on their businesses 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. Until recently the CEO of Subsea 7, he brings over 41 years in the industry having previously worked for Transocean and Schlumberger in operational and management roles. HAMILTON, Bermuda, May 23, 2023 /PRNewswire/ --Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL), a leader in offshore drilling, provides financial results for the three months ended March31, 2023. Whilst the information provided on this web site and Seadrill social media channels is given in good faith by Seadrill Limited no warranty or representation is given concerning such information which must not be taken as establishing any contractual or other commitment binding upon Seadrill Limited or any of its subsidiary or associated companies. The rig was operated by the Thai firm PTTEP. Can't find what you're looking for? --Seadrill Limited announces its acquisition of the minority holding of 33.76% of the share capital of Asia Offshore Drilling Limited. We have the most modern fleet of all the major offshore drillers. View the contact details for Seadrill Limited. 21-30491. Board of Directors | Seadrill Limited (NYSE:SDRL & OSE:SDRL) BOARD & SENIOR MANAGEMENT Board of Directors Senior Management Julie Johnson Robertson Chair of the Board Ms. Robertson is one of the most respected leaders in the offshore drilling business, and she also was one of the highest ranking female chief executives in the energy sector. Holding Company . Pages of this Web Site contain material protected by copyright and may not be reproduced in whole or part without the prior written authorisation of Seadrill Limited. On February 24, 2023, Seadrill completed the sale of its 35% shareholding in Paratus Energy Services Ltd. ("PES") (formerly Seadrill New Finance Ltd.) and certain other interests for total. Agenda for Hearing on 5/24/2022 (Filed By Seadrill Americas, Inc. ). The Oslo-listed drilling company said that the completion of the share transfer and payment would occur by the end of September 2020. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Seadrill Limited (SDRL) - First Quarter 2023. This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Transaction or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law. Seadrill Limited (SDRL) Provides Notice of 1Q23 Earnings Release and Presentation. Agenda for Hearing on 10/29/2021 (Filed By Seadrill Limited ). Whilst the information provided on this web site and Seadrill social media channels is given in good faith by Seadrill Limited no warranty or representation is given concerning such information which must not be taken as establishing any contractual or other commitment binding upon Seadrill Limited or any of its subsidiary or associated companies. Whilst the information provided on this web site and Seadrill social media channels is given in good faith by Seadrill Limited no warranty or representation is given concerning such information which must not be taken as establishing any contractual or other commitment binding upon Seadrill Limited or any of its subsidiary or associated companies. For careers, jobs and work on rigs and onshore, search for positions. The combination of Seadrill and Aquadrill presents a compelling strategic rationale for all stakeholders: Creation of a leading offshore driller with best-in-class fleet: The Company will be in a strong position to serve a broader range of customers, with one of the youngest and most technologically advanced fleets in the industry, and a combined backlog of US$2.8 billion. Limited Company. Dive deeper into the company's profitability here . The consideration for the shares in AOD is USD 31,000,000 . Mr. Quarls served as a Managing Director at Global Infrastructure Partners, leading their efforts in North American energy midstream investments. 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. Agenda for Hearing on 4/15/2021 (Filed By Seadrill Limited ). The consideration for the shares in AOD is USD 31,000,000, and it is expected that completion of the share transfer and payment of the consideration will occur by the end of September 2020.
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