SeaBird Exploration changed its name to SED Energy Holdings (Energy Holdings) effective from Friday, June 20, following the merger with Energy Drilling.
"The name Energy Holdings marks our transition to a diversified energy investment company," said Energy Holdings CEO Kurt M. Waldeland. "As part of this evolution, we are pleased that Finn Atle Hamre will continue as CEO of the SeaBird business unit."
Final approval of the listing prospectus for the ordinary shares issued in relation to the transaction is expected in the third quarter of 2025, after which the new ordinary shares will be listed and tradeable under the same ISIN as existing shares.
The merger between SeaBird Exploration and Singapore-based rig tender assist specialist Energy Drilling was first announced via a regulatory filing in February of this year.
SeaBird had earlier said that Energy Holdings will pursue, "accretive growth opportunities in a disciplined manner," both within its existing markets and in the broader offshore industry. The company stated that its focus will remain on, "low financial risk, strong cash flow visibility, and ensuring all growth initiatives are accretive on a free cash flow to equity basis."