Trump "Drill. baby, drill" initiatives can spark more demand for contract offshore oil drillers. Here are 3 drillers that can benefit from new market demand.
Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) will report its fourth quarter 2024 results on Wednesday, February 26 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Thursday, February 27 at 09:00 CT / 16:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.
Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million.
Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) today announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $498 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $41 million. The program is expected to commence in the first quarter of 2026 and includes an optional period of up to 305 additional days. Petrobras holds a 65.7% stake in the shared Atapu field, a 55.3% stake in the shared Sépia field and is the Operator in both areas.
Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) today announced the ultra-deepwater drillship, West Jupiter, was awarded a 1,095-day contract in Brazil following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $493 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $31.5 million. The program is expected to commence in the first quarter of 2026.
Elliott Investment Management was busy in the third quarter. According to a new 13-F filing with the SEC, the activist made several portfolio moves, with multiple new positions focused around travel and lodging.
Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) will report its third quarter 2024 results on Tuesday, November 12 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Wednesday, November 13 at 08:00 CT / 15:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.
Seadrill Limited (“Seadrill”) (NYSESDRL), a global leader in oil and gas offshore drilling, and Oil States International, Inc. (“Oil States”) NYSE: OISNYSEOIS)
Seadrill Limited ("Seadrill" or the "Company") (NYSESDRL) announced today that it has completed the delisting of its shares on the Oslo Stock Exchange. The Company’s shares will remain listed on the New York Stock Exchange under the symbol “SDRL”. Additional information about the delisting can be found on the investor relations portion of the Company’s website, www.seadrill.com.
Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its second quarter 2024 results on Monday, August 5 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Tuesday, August 6 at 09:00 CT / 16:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.
Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced that it has continued progress on its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. The Company completed the $250 million share repurchase program initiated in December 2023 and will cancel the acquired shares. As previously announced, the Company’s Board of Directors authorized a new $500 million share repurchase program that will run for a period of two years from the completion of the 2023 program. As an initial step under the new repurchase program, the Board has authorized the Company to purchase up to $200 million of the Company’s common shares (the “First Tranche”) by September 30, 2024, and the Company has entered an agreement with DNB Markets (“DNB”) to effect the First Tranche in open market transactions on the OSE and the NYSE.
