Drilling company Seadrill, owned by Norwegian shipping magnate John Fredriksen, is selling three of the company's jack-up rigs for a total of USD 225 million (EUR 206 million), according to a press release from the company.
The buyer is Shelf Drilling, which is taking over the jack-up rigs West Triton, West Resolute, and West Mischief. Two of the rigs are expected to be delivered as early as the end of May, while West Mischief is planned for delivery during the third quarter of this year, after completing its current contract with NDC in Abu Dhabi.
The rigs bear outstanding debt for a total of USD 102 million, meaning that the sale will give Seadrill excess sales proceeds of USD 123 million, according to the announcement. Seadrill also states that the carrying value of the three rigs amounts to USD 415 million, meaning the company expects a loss on disposal of USD 190 million in the first quarter of 2017.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Operations resume at Equinor's strike-hit oil fields in Norway
Operations at oil fields Gudrun, Oseberg Syd, and Oseberg Øst have resumed after the Norwegian government proposed to solve the labor dispute in a court of arbitration. All fields are expected to return to full operation within days.
Vattenfall pursues hydrogen production in the North Sea
If Vattenfall wins the Hollandse Kust West tender, the Swedish utility plans to set up the world’s first hydrogen cluster as an attachment to an offshore wind farm.
EU to categorize investments in gas and nuclear power as green
A majority in the European Parliament has spurned attempts to put a stop to a contentious proposal which would classify gas and nuclear power investments as sustainable. Greenpeace announces legal challenge.
Ukrainian utility hit by cyberattack
Russian hackers have allegedly carried out a cyberattack against the largest privately owned utility in Ukraine, DTEK Group. The perpetrators’ goal was to destabilize, the company reports.
Falling demand could severely affect Tesla's bottom line
For the first time in two years, Tesla saw a decline in deliveries in the second quarter. A potential recession, accompanied by falling demand, could pose a bigger challenge for Tesla, says analyst.
Chief / senior project manager for complex green gas projects 
Division Director - Energy and Supply - Verdo - Randers 
Environmental Advisor 
Engineer 
Wind turbine technician 
Adm. Director of Svendborg District Heating 
Nordic Wind Consultants is looking for a department manager 
Operations Engineer with a focus on maintenance 
Business analyst with a passion for making decarbonizing energy easy 
The Climate Council is looking for a student assistant with an interest in the climate area, good understanding of numbers and analytical sense 
IT engineer / high-voltage engineer for daily operation of monitoring system 
Operational project manager for the green transition 
Recruitment consultant for HR in Energy Fyn 
Senior Legal Counsel with a focus on Offshore Renewables 
Software Developer for Algorithmic Trading