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Local Business

Valaris to sell offshore rig for $108m

The Valaris 247 is a 27-year-old jack-up drilling unit, typically used for shallow-water oil and gas operations
The Valaris 247 is a 27-year-old jack-up drilling unit, typically used for shallow-water oil and gas operations
  • May 06, 2025 3:46 PM
Local Business

Golar LNG secures $1.2bn refinancing deal with Chinese consortium

The existing debt is tied to the Bermudian-based firm’s floating LNG unit which is operating off the West African coast
The existing debt is tied to the Bermudian-based firm’s floating LNG unit which is operating off the West African coast
  • Mar 23, 2025 8:00 AM
International Business

DHT reports positive start to 2025 crude oil tanker market

More than half of the available spot days have been booked during the first quarter of the year
More than half of the available spot days have been booked during the first quarter of the year
  • Jan 22, 2025 7:59 AM
International Business

Seadrill adds nearly $1bn to company’s order backlog

The Bermudian-based offshore drilling company has agreed two contracts with Petrobas, the state-owned Brazilian multinational
The Bermudian-based offshore drilling company has agreed two contracts with Petrobas, the state-owned Brazilian multinational
  • Dec 19, 2024 10:30 AM
International Business

Valaris third-quarter net income falls to $63m

That result compares with $151 million in the second quarter of the year
That result compares with $151 million in the second quarter of the year
  • Nov 02, 2024 2:35 PM
International Business

Nabors Industries reports Q3 loss of $56m

The Bermudian-domiciled energy technology company had third-quarter operating revenues of $732 million
The Bermudian-domiciled energy technology company had third-quarter operating revenues of $732 million
  • Oct 23, 2024 4:38 PM
International Business

BW LPG reports Q2 profit of $85m

The company, which had been registered in Bermuda since 2008, completed its re-domiciliation to Singapore on July 1, the first day of the third quarter
The company, which had been registered in Bermuda since 2008, completed its re-domiciliation to Singapore on July 1, the first day of the third quarter
  • Aug 22, 2024 6:00 PM
International Business

Flex LNG reports Q2 net income of $21.8m

Bermudian-based company says the result reflects a seasonal slowdown in the market
Bermudian-based company says the result reflects a seasonal slowdown in the market
  • Aug 22, 2024 7:57 AM
International Business

DHT’s Q2 net profit declines year-over-year to $44.5m

The Bermudian-based independent crude oil tanker company said the decrease was mainly due to a quarter-over-quarter decline in tanker rates
The Bermudian-based independent crude oil tanker company said the decrease was mainly due to a quarter-over-quarter decline in tanker rates
  • Aug 19, 2024 7:58 AM
International Business

Seadrill Q2 profit soars to $253m

Amid volatility that can affect future outcomes, strong supply-side fundamentals underpin Seadrill’s faith in a long and enduring upcycle
Amid volatility that can affect future outcomes, strong supply-side fundamentals underpin Seadrill’s faith in a long and enduring upcycle
  • Aug 15, 2024 7:57 AM
International Business

Nabors Industries reports Q2 net loss of $32m

Second-quarter operating revenues for the Bermudian-domiciled energy technology company were $735 million
Second-quarter operating revenues for the Bermudian-domiciled energy technology company were $735 million
  • Jul 24, 2024 2:15 PM
International Business

BW LPG Ltd completes move to Singapore

The liquefied petroleum gas shipper had been registered in Bermuda since 2008
The liquefied petroleum gas shipper had been registered in Bermuda since 2008
  • Jul 02, 2024 5:37 PM
International Business

Seadrill completes $338m deal

Bermudian-based company is involved in offshore drilling
Bermudian-based company is involved in offshore drilling
  • Jun 27, 2024 4:47 PM
International Business

Supreme Court sanctions BW LPG scheme of arrangement

The liquefied petroleum gas shipper, registered in Bermuda since 2008, is to re-domicile to Singapore
The liquefied petroleum gas shipper, registered in Bermuda since 2008, is to re-domicile to Singapore
  • Jun 24, 2024 7:28 AM
International Business

Borr Drilling improves first quarter earnings

Bermudian-based oilfield services company reported total operating revenues were up by six per cent in the first quarter
Bermudian-based oilfield services company reported total operating revenues were up by six per cent in the first quarter
  • May 28, 2024 2:56 PM
International Business

Seadrill in $338m jack-up deal

Bermudian-based drilling company sells its interest in an offshore Qatar fleet
Bermudian-based drilling company sells its interest in an offshore Qatar fleet
  • May 20, 2024 7:38 AM
International Business

Nabors reports first-quarter loss of $34m

Bermudian-domiciled energy technology company’s operating revenues were $734 million
Bermudian-domiciled energy technology company’s operating revenues were $734 million
  • Apr 25, 2024 3:57 PM
International Business

Vantage Drilling reports 2023 loss of $15.4m

Bermudian-registered exempted company has a fleet of two ultra-deep-water drill ships, and two premium jack-up drilling rigs
Bermudian-registered exempted company has a fleet of two ultra-deep-water drill ships, and two premium jack-up drilling rigs
  • Mar 27, 2024 5:49 PM
International Business

Seadrill reports $329m operating profit in 2023

Bermudian-based offshore drilling company had full-year total operating revenues of approximately $1.5 billion
Bermudian-based offshore drilling company had full-year total operating revenues of approximately $1.5 billion
  • Feb 29, 2024 12:40 PM
International Business

Borr Drilling quarterly profit rises to $28.4m

The company had total operating revenues of $220.6 million, an increase of $29.1 million, or 15 per cent, compared with the prior quarter
The company had total operating revenues of $220.6 million, an increase of $29.1 million, or 15 per cent, compared with the prior quarter
  • Feb 26, 2024 3:34 PM
International Business

Tax benefit propels Valaris to Q4 net income of $829m

Fourth-quarter revenues increased to $484 million from $455 million in the third quarter of 2023
Fourth-quarter revenues increased to $484 million from $455 million in the third quarter of 2023
  • Feb 26, 2024 3:15 PM
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