Seadrill: New Contract Is Good For Business [Seeking Alpha]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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US:NYSE Investor Relations:
seadrill.com/investor-relations.aspx
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Source: Seeking Alpha
Summary On Wednesday, September 19, 2018, Norwegian energy giant Equinor ASA ( EQNR ) announced that it awarded a contract for two exploration wells to the West Hercules semisubmersible, which is owned by Seadril Ltd. ( SDRL ), a large offshore drilling contractor that recently emerged from bankruptcy protection. Interestingly, Seadrill itself makes no mention of this contract on its own web page . During the years of the drilling boom, the company was one of the better ones regarding the prompt announcement of contracts, but it began to fall short in this task following the start of the industry downturn, so it's disappointing to see Seadrill has not corrected this now that it's no longer under Chapter 11 bankruptcy protection. Overall though, this is quite a positive development since it lends support to the overall narrative that the offshore drilling industry has indeed begun to heal from its malaise, and this is something that should bring some comfort to investors
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