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Helmerich And Payne says U.S. land segment revenue days to decrease by about 24 pct

Monday, 6 Jun 2016 06:25am EDT

Helmerich And Payne inc : U.S. land segment has about 84 contracted rigs generating revenue and about 78 rigs generating revenue days as of June 6, 2016 . Helmerich And Payne Inc says U.S. land segment revenue days now expected to decrease by about 24 percent as compared to second fiscal quarter .Helmerich And Payne Inc says average flexrig spot pricing is down by more than 30%, as compared to spot pricing at peak in November 2014.

Seadrill: Anton Dibowitz appointed executive vice president

Thursday, 2 Jun 2016 01:30am EDT

Seadrill Ltd : CCO Anton Dibowitz appointed executive vice president . Dibowitz will take on additional responsibility for day-to-day business administration ."This arrangement will free up more of my time to focus on strategic matters, leading Seadrill through this downturn and the ongoing refinancing process," CEO Per Wullf said in a statement.

Songa Offshore Q1 EBITDA beats expectations

Friday, 27 May 2016 02:00am EDT

Songa Offshore : Q1 revenues $137 million (Reuters poll $132 million) vs $108 million in Q1 2015 . Q1 ebitda $71 million(Reuters poll $59.3 million) vs $54 million in Q1 2015 . Says north sea drilling market continues to be very challenging with a limited number of tenders in the NCS and UK markets . Says continues to be of the view that 2016 and 2017 will be two challenging years for the industry . Says visibility is still low and the competition for the few tenders in the market is fierce . Says the aggregate contract backlog for the four cat d rigs is estimated to be usd 5.1 billion as of 31 march 2016 . Backlog of $5.1bn and further $7.9bn in options .Songa Offshore has now taken delivery of all four Cat D rigs (at Statoil contracts). Three rigs have commenced drilling operations while the fourth rig, Songa Enabler, is expected to commence its drilling contract in August.

Parker Drilling says customer extended Sakhalin O&M contract

Thursday, 26 May 2016 04:30pm EDT

Parker Drilling Co : Says O&M contract term now extends through June 2019 . Extension, inclusive of additional new rig, is expected to add in excess of $180 million in revenue backlog over course of contract .Parker Drilling announces extension of Sakhalin O&M contract and addition of a new o&m rig.


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