Rig company Seadrill Ltd., based in Norway, said it was looking at restructuring options after noting it didn’t expect improvements in lease rates this year. Energy companies are spending more on exploration and production as crude oil prices settle at around $55 per barrel. Oil prices last year dropped below $30 per barrel and some of the smaller service companies collapsed as a result of the corresponding drop in spending. Seadrill, which counts dozens of deepwater and ultra-deepwater drillships in its fleet, said it was struggling with mounting debt and may have trouble staying afloat. President and CEO Per Wullf said the level of bidding had increased for his company’s services and there was room for some optimism. “Improving dayrates […]