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$SDRL

6 stories mentioning SDRL

Every FINWIRES story that references SDRL, newest first.

Wire

Seadrill Announces $600 Million Senior Notes Offering

Seadrill (SDRL), through its subsidiary Seadrill Finance, intends to offer $600 million of senior unsecured notes due 2034 in a private offering, the company said Monday.The proceeds, together with cash on hand, will be used to redeem all outstanding 8.375% senior secured second lien notes due 2030 and to satisfy and discharge the related indenture, the company said.Seadrill shares were down about 2% in Monday trading.Price: $42.49, Change: $-1.80, Percent Change: -4.05%

$SDRL
Wire

Seadrill Insider Sold Shares Worth $1,403,668, According to a Recent SEC Filing

Todd D Strickler, Senior Vice President & General Counsel, on June 10, 2026, sold 31,409 shares in Seadrill (SDRL) for $1,403,668.SEC Filing:https://www.sec.gov/Archives/edgar/data/1737706/000119312526269259/xslF345X05/ownership.xmlPrice: $44.54, Change: $+0.15, Percent Change: +0.34%

$SDRL
Insider Trading

Seadrill Insider Sold Shares Worth $605,566, According to a Recent SEC Filing

Marcel Wieggers, Senior Vice President, Operations, on June 11, 2026, sold 13,475 shares in Seadrill (SDRL) for $605,566.SEC Filing:https://www.sec.gov/Archives/edgar/data/1737706/000119312526269254/xslF345X05/ownership.xmlPrice: $44.56, Change: $+0.17, Percent Change: +0.38%

$SDRL
Commodities

Engineering Firm Seadrill's Contract Backlog Grows to $3.1 Billion in Q1

Oil industry engineering firm Seadrill (SDRL) has recently added $860 million to its contract pipeline with work secured in the U.S. Gulf, Brazil and Angola, taking the total to $3.1 billion, it said in an earnings update on Monday.Contract revenues in the three months to March 31 were $277 million, up from $273 million in Q4, 2025.CEO Samar Ali said that growing demand for deepwater rigs has been evidenced by contracts secured in multiple global regions at a time of heightened focus on energy security providing "tailwinds into 2027".Though the quarter was loss-making for the company, with some outlays for capital additions and long-term maintenance, it managed to complete the West Jupiter and West Capella projects ahead of schedule and within budget.The two rigs started operation during Q1 and will provide mobilization revenue to the company in Q2.The company's work backlog was boosted by $480 million by a three-year extension to the contract on West Polaris with Brazilian state-run energy company Petrobras that starts in Jan. 2028.The West Neptune and West Vela rigs in the US Gulf obtained contracts with LLOG, a subsidiary of Harbor Energy, which added $260 million to contract backlog in that region. West Neptune obtained a 365-day contract extension starting in Oct. 2026.For West Vela, the program duration is 270 days commencing in September.The contract for the Sonangol Quenguela rig with TotalEnergies has been extended for 480 days from July 2028 while the West Carina contract in Brazil was extended to June 2026, the company said.

$SDRL
Commodities

Seadrill Secures $260 Million Contract Awards From LLOG Exploration

Seadrill (SDRL), an offshore drilling company, said Wednesday it has secured $260 million in contract awards for ultra-deep-water drill ships West Neptune and West Vela from Harbour Energy subsidiary LLOG Exploration.Under the agreement, the West Neptune contract will be extended for 365 days beginning in September. West Vela, meanwhile, was awarded a 270-day program starting in August.With the new contracts added to the company backlog, Seadrill said it would have better revenue visibility and free cash flow generation, helping the company navigate a softer US Gulf market.Price: $47.47, Change: $+0.45, Percent Change: +0.96%

$SDRL
Sectors

Sector Update: Energy Stocks Edge Higher Premarket Wednesday

Energy stocks were edging higher premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was down 0.5% and The United States Natural Gas Fund (UNG) was 1.4% higher.Front-month US West Texas Intermediate crude oil was 2% higher at $91.43 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $100.22 per barrel, and natural gas futures were up 2% at $2.75 per 1 million British Thermal Units.Exxon Mobil (XOM) is considering a sale of its Esso-branded gas station network in Hong Kong, with the assets valued at about $500 million to $600 million, Bloomberg News reported, citing people familiar with the matter. Shares of Exxon Mobil were 0.1% higher pre-bell.Seadrill (SDRL) shares were up 0.2% after the company said it secured two offshore drilling contracts from LLOG Exploration, a subsidiary of Harbour Energy, adding about $260 million to its backlog.

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