Edition:
United States

Oil & Gas Drilling

Page 1

Transocean Partners unitholders approve merger agreement between Transocean Ltd., Co

Tuesday, 6 Dec 2016 10:43am EST

Transocean Partners LLC : Common unitholders approved merger agreement, among Transocean, Transocean Partners .Transaction is expected to close on or around December 9, 2016.

Hercules Offshore says co's unit entered purchase and sale agreement with Magni Drilling Limited - SEC filing

Friday, 2 Dec 2016 02:11pm EST

Hercules Offshore Inc: On Dec. 2, Hercules British Offshore Limited entered into a purchase and sale agreement with Magni Drilling Limited - SEC filing .Magni Drilling Limited is purchasing Hercules's two jack-up drilling rigs for $130 million in cash.

Transocean Ltd says unit has priced an offering of senior secured notes

Tuesday, 29 Nov 2016 03:55pm EST

Transocean Ltd : On Nov 29, announced that Transocean Proteus Limited, its wholly-owned indirect unit, has priced an offering of senior secured notes . Issuer will issue $625 million in aggregate principal amount of senior secured notes due 2024 . Notes will bear interest at rate of 6.25% per annum and will be callable on or after December 1, 2020 .Net proceeds from notes will be used primarily for purpose of partially financing construction of Deepwater Proteus.

Atwood Oceanics posts Q4 earnings per share $0.07

Friday, 11 Nov 2016 04:38pm EST

Atwood Oceanics Inc : Atwood Oceanics announces 2016 fourth quarter and fiscal year end earnings . Q4 earnings per share $0.07 . Q4 revenue $188.7 million versus I/B/E/S view $193.8 million . Q4 earnings per share view $0.59 -- Thomson Reuters I/B/E/S . Atwood Oceanics - recorded a non-cash impairment charge of $38.6 million ($38.6 million, net of tax, or $0.60 per diluted share) in asset impairment in quarter .Atwood Oceanics Inc - also recorded a non-cash charge of $3.9 million ($3.9 million, net of tax, or $0.06 per diluted share) in drilling costs in quarter.

Songa Offshore Q3 beats forecast, sees challenging market in 2017

Friday, 11 Nov 2016 02:00am EST

Songa Offshore Se : Q3 revenues $229 million (Reuters poll $219 million) vs $124 mln in Q3 2015 . Q3 EBITDA $146 million (Reuters poll $129 million) vs $64 mln in Q3 2015 . Q3 net result $65 million (Reuters poll $53 million) vs loss of $317 mln in Q3 2015 . Says the North Sea drilling market continues to be very challenging with a limited number of tenders in both the NCS (Norwegian Continental Shelf) and UK markets . Says visibility is still low and the competition for the few tenders in the market is fierce . Says continues to be of the view that 2017 will be a challenging year for the industry . Sees weak floater demand on NCS and poor visibility through 2017 . Says has strong focus on Cat D rigs performance and cost efficiency . Contract backlog of $4.6bn .Says there are 15 NCS stacked rigs -eight rigs are warm-stacked, while seven rigs are cold-stacked.

PHX Energy announces its third quarter results

Wednesday, 9 Nov 2016 09:25pm EST

PHX Energy Services Corp : PHX Energy announces its third quarter results . Q3 revenue fell 49 percent to C$35 million . Q3 loss earnings per share $0.21 .Q3 earnings per share view C$-0.16, revenue view C$34.0 million -- Thomson Reuters I/B/E/S.

Pacific Drilling Q3 earnings per share $0.01

Monday, 7 Nov 2016 07:10pm EST

Pacific Drilling SA : Market conditions continue to be challenging, which will impact our financial results in near future . Engaged in discussions with certain of lenders and noteholders regarding other modifications to terms of long-term debt . Pacific Drilling - seeking amendments or waivers of leverage ratio financial covenants in orevolving credit facility, senior secured credit facility . Believe can continue to meet existing obligations as they come due through 2017 . Pacific Drilling announces third-quarter 2016 results . Q3 earnings per share $0.01 . Q3 revenue $182.4 million versus i/b/e/s view $186.3 million .Q3 earnings per share view $-0.92 -- Thomson Reuters I/B/E/S.

Pacific Drilling Q3 earnings per share $0.01

Monday, 7 Nov 2016 06:49pm EST

Pacific Drilling SA : Market conditions continue to be challenging, which will impact our financial results in near future . Engaged in discussions with certain of lenders and noteholders regarding other modifications to terms of long-term debt . Pacific Drilling - seeking amendments or waivers of leverage ratio financial covenants in orevolving credit facility, senior secured credit facility . Believe can continue to meet existing obligations as they come due through 2017 . Pacific Drilling announces third-quarter 2016 results . Q3 earnings per share $0.01 . Q3 revenue $182.4 million versus i/b/e/s view $186.3 million .Q3 earnings per share view $-0.92 -- Thomson Reuters I/B/E/S.

Norway's Archer Q3 EBITDA above forecast, sees Q4 revenues in line with Q3

Thursday, 3 Nov 2016 03:04am EDT

Archer : Q3 revenues $214.4 million (Reuters poll $206 million) . Q3 EBITDA $21.5 million (Reuters poll $13 million) . Net interest-bearing debt was $814.9 million at September . Archer Q3 net loss $43 million (Reuters poll loss $16 million) . "We are starting to see signs of higher activity levels and expect activity to improve towards the end of the year in selective segments" . "We expect fourth quarter 2016 revenue to be in-line with third quarter" . "We expect total spending for 2016 to be approximately $7 million" . "In line with reduction in activity level in fourth quarter 2016, we plan to reduce headcount further during the quarter" Further company coverage: [ARCHER.OL] (Reporting by Gwladys Fouche) ((gwladys.fouche@thomsonreuters.com;)).

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary