SDRL Bids Farewell to 2007-Built West Prospero, Optimizes Rig Fleet

Zacks2024-12-28

Seadrill Limited SDRL, a U.S.-based offshore drilling contractor, has concluded the sale of its jack-up rig, West Prospero. The company received cash proceeds of $45 million following the sale. SDRL ...

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SDRL ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sdrl-bids-farewell-2007-built-183900554.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SDRL Bids Farewell to 2007-Built West Prospero, Optimizes Rig Fleet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSDRL Bids Farewell to 2007-Built West Prospero, Optimizes Rig Fleet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-28 02:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sdrl-bids-farewell-2007-built-183900554.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Seadrill Limited SDRL, a U.S.-based offshore drilling contractor, has concluded the sale of its jack-up rig, West Prospero. The company received cash proceeds of $45 million following the sale. SDRL ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sdrl-bids-farewell-2007-built-183900554.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0054578231.USD","symbol_name":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/sdrl-bids-farewell-2007-built-183900554.html","article_id":"2494337125","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494337125","pubTimestamp":1735324740,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The company considered the West Prospero jack-up rig as a non-core asset. The divestment of West Prospero aligns with the company’s broader objective to withdraw from the benign jack-up market and optimize its rig fleet. The monetization of non-core assets also enables the firm to improve its financial position.The West Prospero jack-up rig was constructed in the KFELS yard in Singapore in 2007. The rig has a maximum drilling capacity of 40,000 feet and can operate in water depths of up to 400 feet. Seadrill mentioned that the rig was previously used for offshore operations in Northeast Africa and Southeast Asia.At the end of the third quarter of 2024, Seadrill had four cold-stacked jack-up rigs, including West Prospero. As of November 2024, its total backlog was $2.3 billion.TechnipFMC is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. 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SDRL stated that the West Prospero drilling rig has been non-operational for eight years.\nThe company considered the West Prospero jack-up rig as a non-core asset. The divestment of West Prospero aligns with the company’s broader objective to withdraw from the benign jack-up market and optimize its rig fleet. The monetization of non-core assets also enables the firm to improve its financial position.\nThe West Prospero jack-up rig was constructed in the KFELS yard in Singapore in 2007. The rig has a maximum drilling capacity of 40,000 feet and can operate in water depths of up to 400 feet. Seadrill mentioned that the rig was previously used for offshore operations in Northeast Africa and Southeast Asia.\nAt the end of the third quarter of 2024, Seadrill had four cold-stacked jack-up rigs, including West Prospero. As of November 2024, its total backlog was $2.3 billion.\nSDRL’s Zacks Rank and Key Picks\nSDRL currently carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks from the energy sector areTechnipFMC plc FTI, Oceaneering International OII and Nine Energy Service NINE. TechnipFMC currently sports a Zacks Rank #1 (Strong Buy), while Oceaneering International and Nine Energy Service carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.\nTechnipFMC is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. The company’s total backlog witnessed a high of $14.7 million in the third quarter of 2024, indicating an 11.1% increase from the previous year’s level. This growing backlog ensures strong revenue growth for FTI.\nOceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading offshore equipment and technology solutions provider to the energy industry. Its proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth.\nNine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. The company operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With a sustained demand for oil and gas in the future, the need for NINE’s services is anticipated to increase, which should position the company for growth in the long run.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTechnipFMC plc (FTI) : Free Stock Analysis Report\nOceaneering International, Inc. (OII) : Free Stock Analysis Report\nSeadrill Limited (SDRL) : Free Stock Analysis Report\nNine Energy Service, Inc. (NINE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494337125"}