Seadrill

Seadrill was incorporated as a Bermuda company on May 10, 2005 by John Fredriksen, a Norwegian-born shipping tycoon, and listed on the Oslo Stock Exchange in November 2005.

In July 2005, the company acquired jack up rigs from Odfjell Drilling.In September 2006, the company acquired a controlling share of Smedvig by outbidding Noble Corporation.In 2007, the company acquired Eastern Drilling.In May 2010, the company outbid Ensco for Scorpion Offshore, valuing the company at $567 million.In 2014, Seadrill conducted an initial public offering of its North Atlantic Drilling subsidiary, which owns harsh environment rigs. Seadrill continued to own 70% of North Atlantic Drilling.In April 2013, the company sold the majority of its tender rig and semi-tender operation to SapuraKencana.In May 2013, the company sold Tender rigs T-15, T16 and the West Vencedor to Seadrill Partners LLC.In June 2013, the company acquired a majority interest in Sevan Drilling.In November 2014, the company suspended dividend payments as a result of a downturn in the industry.In December 2017, the company filed bankruptcy. The company emerged from bankruptcy in July 2018. However, the company had its shares delisted from the New York Stock Exchange in June 2020.On October 1, 2020, Seadrill announced the appointment of new CEO Stuart Jackson, replacing Anton Dibowitz with immediate effect.In November 2020, Seadrill has collaborated with Forbearance.