$SDRL

Seadrill must pay $55 million after a Norwegian court upheld a ruling that it breached a contract by improperly returning the Hercules rig to SFL Corporation's subsidiary. The amount includes compensation, interest, and legal costs, with SFL awarded full legal fees. Either party can appeal to Norway's Supreme Court with limited chances of approval.

Mixed or offshore upstream E&P stocks reported strong Q2 earnings, with revenues beating estimates by 7.6%. Clean Energy Fuels (CLNE) reported $106.4M revenue, up 3.7% YoY, but its stock fell 19.3%. Granite Ridge Resources (GRNT) saw $149.3M revenue, up 36.7%, and its stock rose 8%. Peabody Energy (BTU) reported $1B revenue, up 12.7%, with a stock gain of 3%. Seadrill (SDRL) and Solaris Energy Infrastructure (SEI) also reported strong earnings and stock gains.

BWS Financial reaffirmed a Buy rating on Seadrill with an $80 price target, suggesting a 63.3% upside from the Oct 13 close. The firm cited strong contract wins and long-term contract extensions as key positive factors for the company.

SFL Corporation (SFL) won a NOK 525M judgment against Seadrill in a contract dispute over the Hercules rig redelivery, including compensation, interest, and legal costs. Either party can appeal, subject to approval.

Seadrill announced a $420M contract for its West Carina drillship in Indonesia, with an 880-day firm duration and options for extension. The company also extended work in Malaysia and Angola.

Seadrill has extended the contract for its West Carina drilling rig in Angola through January 2030. CEO Samir Ali stated this aligns with their strategy to reprice legacy contracts to current market levels. The company operates in the deepwater oil and gas drilling sector, serving national and independent oil companies.

Murphy Oil (NYSE:MUR) reported Q2 revenue of $928.3M, up 33.5% YoY, beating estimates. The stock rose 7% post-earnings. The article also covers other mixed or offshore upstream E&P stocks, including Granite Ridge Resources (NYSE:GRNT), Peabody Energy (NYSE:BTU), Seadrill (NYSE:SDRL), and Gevo (NASDAQ:GEVO), highlighting their Q2 performances and stock movements.

Seadrill has ordered a new ultra-deepwater semi-submersible rig for $531.5M, to be delivered in April 2010. The rig, based on F&G design, will operate in deepwater areas like the Gulf of Mexico and offshore Brazil, with 18,000 sq ft of deck space and 7,000 metric tons of deck-load capacity.

Seadrill (SDRL) reported a return to profitability in Q2 2026 and raised full-year revenue guidance. The stock has seen a 37.02% YTD return and 64.57% 1-year total return, though it is down 6.06% over 90 days. Analysts debate its valuation, with some seeing it as undervalued at $47.89 and others suggesting higher fair value.

Seadrill said its rigs and drillships secured new contracts and extensions totaling about $200M. The West Vela drillship won a one-year Talos Energy deal worth about $161M, starting June 2027. Sevan Louisiana got a 45-day extension with Walter Oil & Gas, and West Capella extended with PTTEP for about $26M. Seadrill backlog is about $2.9B as of Aug 10, 2026.