Welcome to our dedicated page for Seadrill news (Ticker: SDRL), a resource for investors and traders seeking the latest updates and insights on Seadrill stock.
Seadrill Limited (NYSE: SDRL) is an offshore drilling contractor focused on deepwater oil and gas drilling, operating drillships, semi-submersible rigs and jack-up rigs for customers across key offshore basins. The Seadrill news feed on this page aggregates company-specific announcements, giving investors and industry followers a single place to review the latest disclosures and developments.
News items for Seadrill commonly include quarterly and annual results, where the company reports contract revenues, management contract revenues, leasing revenues, operating expenses, net income or net loss, and non-GAAP measures such as Adjusted EBITDA and Free Cash Flow. These releases often discuss changes in Order Backlog, contract coverage across the fleet and trends in economic utilization and operating days for specific rigs.
Another major category of SDRL news is commercial activity and contract awards. Seadrill regularly announces new contracts and extensions for rigs such as West Vela, West Neptune, Sevan Louisiana, West Jupiter, West Tellus, West Gemini, Sonangol Libongos and Sonangol Quenguela. These updates detail estimated contract terms, expected commencement windows, regions such as the U.S. Gulf, Brazil and Angola, and the contribution to backlog. They also highlight activity within the Sonadrill joint venture in Angola and Seadrill’s role in providing management, operational and technical support.
In addition, Seadrill publishes earnings release and conference call notices that specify when results will be issued and how to access management’s commentary. Together, these news items provide context on Seadrill’s operational performance, contracting progress, backlog development and financial position. Investors interested in SDRL stock can review this news stream to follow the company’s reported results, major contracts and strategic updates over time.
Seadrill (NYSE: SDRL) secured a 1,095-day contract extension for the ultra-deepwater drillship West Polaris with Petrobras for the Búzios field, offshore Brazil. The extension adds approximately $480 million in contract backlog and is expected to begin in direct continuation of the current program in January 2028.
The company updated contracted dayrates: $409,200 from April 1, 2026 to March 31, 2027 and $454,700 from April 1, 2027 to January 15, 2028. Management said the award enhances earnings visibility for a mature asset and strengthens the Petrobras relationship.
Seadrill (NYSE: SDRL) said its 50:50 joint venture Sonadrill has had a seven-well priced option exercised for the ultra-deepwater drillship Sonangol Quenguela, extending operations in Angola by approximately 480 days and committing the rig into June 2028.
Seadrill will earn a management fee for providing management, operational and technical support to Sonadrill during the extended period.
Seadrill (NYSE: SDRL) reported fourth-quarter 2025 results and provided 2026 guidance. Full-year 2025 Adjusted EBITDA was $353 million and net loss was $77 million. Q4 revenue was $362 million, Adjusted EBITDA $88 million, and Q4 net loss was $10 million. Contract backlog rose to $2.5 billion after seven rig awards adding ~$0.5 billion.
The company ended Q4 with gross debt of $625 million, cash of $365 million and net debt of $260 million. 2026 guidance: revenues $1.40–1.45 billion, Adjusted EBITDA $350–400 million, and capex $200–240 million.
Seadrill (NYSE: SDRL) announced that Equinor Brasil Energia Ltda exercised a one-year priced option for the ultra-deepwater drillship West Saturn. The option adds $114 million to contract backlog and extends the original contract (commenced 2022) through October 2027.
The extension marks a sixth consecutive year of operations for West Saturn with Equinor in Brazil, reinforcing their long-term collaboration on safe, reliable offshore activity in a strategic basin.
Seadrill (NYSE: SDRL) will report fourth quarter 2025 results on Wednesday, February 25, 2026 after the NYSE closes. The company will host a conference call to discuss results on Thursday, February 26, 2026 at 08:00 CT / 15:00 CET. Participants may dial +1 (800) 715-9871 (Conference ID: 7275294) and are asked to join at least 15 minutes early. The call will be webcast live on the Investor Relations section of the company website, and a replay will be available after the event.
Seadrill (NYSE: SDRL) announced three contract updates for drillships West Capella, West Elara and West Carina dated January 21, 2026. West Capella secured a well program in Malaysia commencing Q2 2026 for ~440 days with a firm value of ~$157 million (includes $5 million mobilization; excludes additional services) plus priced options for three additional wells. West Elara won an accommodation contract with Equinor on the Norwegian Continental Shelf starting Q3 2026 into Q4 2027, valued at $78 million plus three three-month priced options; the schedule change yields a net contract-value increase of $23 million. West Carina had its Brazil contract extended through April 2026.
Seadrill (NYSE: SDRL) announced contract awards for three rigs: West Neptune, Sevan Louisiana and Sonangol Quenguela on December 15, 2025. The West Neptune received a four-month contract with LLOG Exploration that adds approximately $48 million to backlog and will commence in direct continuation to its current work. The Sevan Louisiana secured a two-month program from an undisclosed operator, beginning in direct continuation to its contract with Walter Oil and Gas and featuring the maiden regional deployment of Trendsetter well-intervention equipment. In Angola, a five-well option was exercised, extending Sonangol Quenguela operations by ~10 months, committing the rig into February 2027.
Management said these awards reduce white space between contracts and build backlog into 2026 and beyond.
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Seadrill (NYSE: SDRL) will report Q3 2025 results on Wednesday, November 5, 2025 after the NYSE close.
The company will hold a conference call to discuss results on Thursday, November 6, 2025 at 08:00 CT / 15:00 CET. Participants may dial +1 (800) 715-9871 (Conference ID: 5348977) and are asked to join at least 15 minutes early. The call will be webcast live on the company Investor Relations website and a replay will be available after the event.
Seadrill (NYSE:SDRL) announced two significant contract awards for Sonadrill, its 50:50 joint venture with Sonangol E.P. The West Gemini secured a 284-day contract with Sonangol Exploração & Produção for operations in Angola, starting late 2025 or early 2026.
Additionally, the Sonangol Libongos received a substantial 525-day firm contract from Azule Energy Angola B.V., commencing in Q3 2025, with additional priced options available. Sonadrill currently operates three drillships: the Seadrill-owned West Gemini and two Sonangol-owned units. Seadrill generates management fees by providing operational and technical support to the joint venture.