Seadrill, a Bermuda-incorporated offshore drilling contractor, will acquire offshore rig owner Aquadrill in an all-stock transaction valued at an implied equity value of around $958 million. Post-closing, Seadrill stakeholders will own 62% and Aquadrill unitholders will hold 38% of the outstanding common shares in the combined entity. Aquadrill is a UK-based limited liability company that […]
Seadrill Limited said that it has secured contract extensions worth around $361 million for the AOD I, the AOD III, and the West Callisto jack-up drilling rigs in the Arabian Gulf. According to the offshore drilling contractor, the firm term of all the contracts is three years and will begin in direct continuation of the […]
Seadrill Limited, an offshore drilling contractor, has won new contracts totaling $105 million for the West Neptune and the Sevan Louisiana drillships. The West Neptune drillship has won a contract extension for drilling four more wells with two one-well options from LLOG Exploration Offshore in the US Gulf of Mexico. The firm-term will begin, continuing […]
Sonadrill Holding, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has bagged a contract for the West Gemini drillship in Angola from an undisclosed customer. The contract is for drilling 10 wells with options for up to an additional eight wells. The firm part of the contract is worth around $161 million, […]
AXP Energy has signed a binding heads of agreement (HOA) with cryptocurrency mining company Elite Mining to provide gas to the latter’s in-situ power generation for the cryptocurrency mining sector in the US. As per the agreement, AXP Energy will be provide stranded gas from its Pathfinder field in Colorado, all associated gas gathering infrastructure […]