HAMILTON, Bermuda--(BUSINESS WIRE)--Dec 26, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million. “With the sale of the West Prospero , we have monetized a non-core asset that has been stacked since 2016 and successfully executed on our strategy to exit the benign jack-up market,” said President and Chief Executive Officer, Simon Johnson. About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com . Forward-Looking Statements This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this news release, including, without limitation, those regarding the Company’s plans, strategies, business prospects and rig activity, including with respect to backlog and contract commencement dates and durations, impact on earnings and free cash flow and changes and trends in its business and the markets in which it operates, are forward-looking statements. These statements may include words such as “assumes”, “projects”, “forecasts”, “estimates”, “expects”, “anticipates”, “believes”, “plans”, “intends”, “may”, “might”, “will”, “would”, “can”, “could”, “should” or, in each case, their negative, or other variations or comparable terminology in connection with any discussion of the timing or nature of future operating or financial performance or other events. These statements are based on management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: those described under Item 3D “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (“SEC”) on March 27, 2024, offshore drilling market conditions, including supply and demand, day rates, customer drilling programs and effects of new or reactivated rigs on the market, fluctuations in the international price of oil, international financial market conditions, inflation, changes in governmental regulations that affect the Company or the operations of the Company’s fleet, the review of competition authorities, the impact of global economic conditions and global health threats, pandemics and epidemics, political and other uncertainties, including those related to the conflicts in Ukraine and the Middle East, and any related sanctions, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, legal and regulatory matters in the jurisdictions in which we operate, customs and environmental matters, the potential impacts on our business resulting from decarbonization and emissions legislation and regulations, the impact on our business from climate-change generally, the occurrence of cybersecurity incidents, attacks or other breaches to our information technology systems, including our rig operating systems, and other important factors described from time to time in the reports filed or furnished by us with the SEC. The foregoing risks and uncertainties are beyond our ability to control, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. Investors should note that we announce material financial information in SEC filings, press releases and public conference calls. Based on guidance from the SEC, we may use the Investors section of our website ( www.seadrill.com ) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on our website is not part of, and is not incorporated into, this news release. View source version on businesswire.com : https://www.businesswire.com/news/home/20241227268598/en/ CONTACT: Kevin Smith Vice President – Corporate Finance and Investor Relations ir@seadrill.com KEYWORD: BERMUDA CARIBBEAN INDUSTRY KEYWORD: OIL/GAS ENERGY SOURCE: Seadrill Limited Copyright Business Wire 2024. PUB: 12/26/2024 04:05 PM/DISC: 12/26/2024 04:06 PM http://www.businesswire.com/news/home/20241227268598/enQueanbeyan hero honoured at the Australian War Memorial
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Iran protests US arrest of nationals over technology export TEHRAN: Tehran has formally protested the arrests of two Iranians in Italy and the United States accused of transferring sensitive US technology to Iran, local media reported. US prosecutors on Monday charged Mahdi Mohammad Sadeghi and Mohammad Abedininajafabadi with “conspiring to export sophisticated electronic components from the United States to Iran in violation of US export control and sanctions laws”, according to a statement from the US Department of Justice. The statement added that the illegally exported technology was used in a January drone attack that killed three US servicemen in Jordan. Iran denied any involvement in the attack, dismissing the claims as “baseless accusations.” “We consider both the cruel and unilateral US sanctions against Iran and these arrests to be contrary to all international laws and standards,” foreign ministry official Vahid Jalalzadeh told the Tasnim news agency late on Saturday. Jalalzadeh said the ministry had “invited” the Italian charg© d ́affaires and the Swiss ambassador to Tehran -- who represents US interests there -- to “declare its protests to the arrests”. Abedininajafabadi, 38, was arrested on Monday in Italy by Italian authorities at the request of the United States, the US Department of Justice said. It identified Sadeghi as a 42-year-old dual US-Iranian national who was arrested in the United States.Although the main markets of are stocked with products, few people are already shopping for the preparations for Christmas dinner next Tuesday. Vegetables, fruits, pork, chicken, and other goods used for the big night are already set out in proportion in Cristo Rey, Villas Agrícolas, and Ciudad Ganadera markets, as observed yesterday in a tour of these shopping malls. According to vendors, the New Market of Agricultural Villages has stocked up on these goods since Thursday, but they understand that there has not yet been a great demand for them because there are still several days to go before the 24th. “Today is Friday. We have quite a few products, but our sales are practically the normal of every day. People buy some products that can be stored until Tuesday, but what are vegetables, pork, chicken... it would be from Sunday that sales will increase,” explained Juan Hernández, a chicken seller in the Cristo Rey market. “We hope to sell 100% of the goods by next week. For dinner it sells well because people have the tradition of making it,” he said. Elena Contreras explained that this week, more products such as rice, groceries, and canned goods have been sold. In the markets of Santo Domingo, most of the purchases were made yesterday by grocery stores and sellers of “guaguitas,” unlike the Livestock Fair, which was installed in the market of the Institute of Price Stabilization (Inespre), where a large number of people came to buy products, which according to its director , are sold at low prices. Although many buyers asked about prices, they assured they were sold with little difference from those in other markets! Viviana Polanco said the difference is almost nothing for the line we are making to buy. “But we have to take advantage of the savings even if it is RD$2.00,” she added.
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