latest news releases from the newsroom
Seadrill Limited: Disclosure of Acceptance in Eastern Drilling
HAMILTON, Bermuda, May 16, 2007 (PRIME NEWSWIRE) -- In connection with the mandatory offer dated April 18, 2007, to acquire all outstanding shares in Eastern Drilling ASA at NOK135 per share, Seadrill Limited has received acceptances for a total of 3,210,985 shares equaling approximately 8.4 percent of the total number of outstanding shares and votes in Eastern Drilling. Counting the accepted shares and shares already owned, Seadrill now controls 27,615,246 shares which represent approximately 72.4 percent of the outstanding shares and votes in Eastern Drilling.
Golden Ocean Group Limited
Golden Ocean Group: Interim Results for the Quarter Ended March 31, 2007
HAMILTON, Bermuda, May 16, 2007 (PRIME NEWSWIRE) -- Golden Ocean Group Limited (the "Company" or "Golden Ocean") reports net income of $25.2 million and earnings per share of $0.09 for the first quarter of 2007. This compares with net income and earnings per share of $5.1 million and $0.02 respectively for the first quarter of 2006 and $5.2 million and $0.02 respectively for the immediately preceding quarter. This increase in net income reflects the strength of the market and a gain on the sale of a vessel of $9.5 million. Total operating revenues for the first quarter were $121.2 million, total operating expenses were $99.1 million and net other expenses were $6.2 million.