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Sonangol-Seadrill JV secures two drillship contracts in Angola

Oil & Gas‚ Oil and Gas Industry | intent | August 26, 2025 | Comment off

The Seadrill-owned West Gemini received a 284-day contract with Sonangol Exploração & Produção, beginning in late 2025 or early 2026. The Sonangol Libongos, owned by Sonangol, secured a 525-day contract with Azule Energy Angola, scheduled to begin in the third quarter of 2025 with priced options for extension.

Seadrill Sees Quarterly Profit Surge

Oil & Gas‚ Oil and Gas Industry | intent | February 28, 2025 | Comment off

Seadrill Limited has reported a fourth-quarter 2024 net income of $101 million, well over the $32 million for the previous quarter. Fourth-quarter operating revenues totaled $289 million, down 18 percent from $354 million for the prior quarter primarily due to lower contract revenues.