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At time of the merger Smedvig operated two semi submersibles, one drillship and one jack up rig in the Norwegian and British sector of the North Sea. A fleet of seven tender rigs were operated in South East Asia from the Singaporean subsidiary Smedvig Asia. As part of the merger, Smedvig's staff was transferred to Seadrill with Smedvig senior ...
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships , semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments.
If a filing with the SEC, Seadrill Partners said it will seek $225 million in a public offering. Offshore drilling services firm Seadrill Ltd (NYSE: SDRL) is spinning off its offshore rig business ...
Transocean was rated as a leader in its industry for many years. However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service industry rating firm. From 2004 to 2007, Transocean was the leader or near the top among deep-water ...
Seadrill held an initial public offering for Seadrill Partners in October 2012. Separations of business Recently, though, Seadrill gave investors a separate investment option to choose from.
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The story of Seadrill has been a bit of a rosy one for the past several years. It has emerged as a darling of service companies as its fleet of ultra-deepwater capable assets has one of the best ...
SeaDrill (NYS: SDRL) carries $1.3 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road. Could ...