Seadrill

The contractor sells rigs and Qatar JV stake to Gulf Drilling International in $338 million deal.

Offshore rig owner expands deepwater fleet in a transaction valued at just under $1 billion.

The 10-well plus eight-well option contract should keep the rig busy well into 2024.

Offshore driller has almost a half billion in cash and a contract backlog of $2.2 billion.

The London-based company is seeking to restructure more than $3 billion in debt as it struggles to find work for its offshore fleet.

Seadrill is seeking options to restructure its $7.3-billion debt. The offshore driller previously emerged from Chapter 11 bankruptcy protection in 2018.

The industrial Internet of Things (IoT) is changing the way the oil and gas industry operates, but are companies leveraging it to its full potential? What strategies are being employed to handle the obstacles to implementation? Finding value in people plays a role in integrating IoT into operations.

Seadrill has announced implementation throughout its fleet of a health program designed for employees before they leave for work on one of the company’s rigs.

The latest example of the offshore sector's march toward automated wellbore construction will take shape later this year in the North Sea.