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The story
Seadrill was incorporated as a Bermuda company on May 10, 2005 by John Fredriksen.
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 (now Valaris Limited) 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.
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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.
In 2019, Seadrill acquired a 50% stake in Gulfdrill, a joint venture that operates five premium jackups in Qatar with Qatargas. The remaining 50% interest is owned by Gulf Drilling International (GDI).
In 2019, Seadrill acquired a 50% stake in Sonadrill, a joint venture that operates 3 drillships focusing on opportunities in Angolan waters. The remaining 50% interest is owned by Sonangol EP.
The company delisted its shares 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.
On February 10, 2021, Seadrill filed for Chapter 11 bankruptcy for the second time. The company emerged from Chapter 11 in February 2022 and a new Board of Directors was appointed.
On January 12, 2022, Seadrill New Finance, Seadrill's subsidiary, filed for Chapter 11 bankruptcy. The company emerged from bankruptcy on January 20, 2022.
On March 24, 2022, Seadrill announced the appointment of new CEO Simon Johnson, replacing Stuart Jackson.
On October 11, 2022, Seadrill Limited received approval to relist its Shares on the NYSE under the ticker symbol “SDRL”. The Shares commenced trading on October 14, 2022. Following the listing on the NYSE, the status of Seadrill Limited’s listing on the Euronext Expand market of the OSE was changed from a primary to a secondary listing. On November 17, 2022, the Shares were moved from the Euronext Expand market to the main list of the OSE
In October 2022, Seadrill completed the sale of seven jack-up rigs to ADES Arabia Holding Company.
In December 2022, it was announced Seadrill had acquired the London-headquartered owner of offshore drilling units, Aquadrill LLC, in an all-stock deal worth $958 million USD. The transaction closed in April 2023.
In June 2023, Seadrill announced the sale of its three tender assist-units.
From Wikipedia’s article on Seadrill, shared under CC BY-SA 4.0.6