Seadrill trades below its replacement and intrinsic value. The company boasts a strong balance sheet, significant share buybacks, and a healthy backlog, making it a potential acquisition target.

Transocean's recent contracts added $1.3 billion to its backlog, now totaling $9.3 billion, with high day rates indicating strong market conditions. Rumors of a potential merger with Seadrill Limited ...

Stifel notes that as reported by Bloomberg, Transocean (RIG) is in talks to merge with Buy-rated Seadrill (SDRL). While Seadrill has just enough scale as a standalone company, Seadrill is the smallest ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced its third quarter 2024 results and revised 2024 guidance. Quarterly Highlights Financial ...

NORWEGIAN rig giant Seadrill has expressed doubts about contracts for two ultra-deepwater rigs signed with Petrobras to operate in Brazil, removing $1. 1 billion from its backlog as a result. Seadrill ...

Seadrill said the ultra-deepwater drillship West Capella won a contract in Malaysia that is expected to start in the second quarter of 2026. The well-based program is expected to run about 440 days, ...

OSLO, Feb 25 (Reuters) - Rig company Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, will present a refinancing plan in the first half of this year to address ...

Yielding over 10%, offshore driller Seadrill gets lots of attention nowadays for its hefty dividend. The biggest concern for most investors has been that the offshore drilling market isn't currently ...

Transocean Ltd (NYSE: RIG) provides offshore contract drilling services for the oil and gas industry. They have a fleet of 34 mobile offshore drilling units, which consist of 26 ultra-deepwater ...

Offshore driller Seadrill narrowed net losses in the third quarter of 2022 amid improvements in the drilling market after the Bermuda-headquartered company emerged from its second bankruptcy ...