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Oil & Gas Drilling

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Parker Drilling files for mixed shelf offering of up to $1 bln - SEC Filing

Tuesday, 11 Jul 2017 04:44pm EDT

July 11 (Reuters) - Parker Drilling Co :Files for mixed shelf offering of up to $1.0 billion - SEC Filing.

Ensco announces three drillship contracts

Tuesday, 11 Jul 2017 09:05am EDT

July 11 (Reuters) - Ensco Plc ::Ensco Plc announces three drillship contracts.Ensco Plc - Ensco DS-4 contracted to Chevron for two years Ensco DS-10 contracted to Shell for one year Ensco DS-7 to return to work with total​.Ensco Plc - ‍awarded three drillship contracts offshore West Africa, representing an aggregate three years of contracted term​.Ensco Plc - Ensco DS-4 is expected to commence a two-year contract with Chevron offshore Nigeria in August 2017.Ensco Plc - ‍three drillship contracts offshore West Africa also represent more than six additional years of options​.Ensco Plc - Ensco DS-10 is scheduled to commence work with shell offshore Nigeria in Q1 2018.Ensco Plc - ‍contract drilling expense for Q2 2017 is expected to be approximately $282 million after adjustment​.Ensco Plc - ‍anticipated capital expenditures are now expected to total approximately $350 million for nine month period from Q2 2017 through Q4 2017​.Ensco Plc - Ensco DS-10 delivery is expected to be accelerated into Q3 2017 from Q1 2019.Ensco Plc -Ensco DS-7 is now scheduled to mobilize to ivory coast to drill one well beginning in Aug 2017 that is expected to take 60 days to complete.

XinJiang Beiken Energy Engineering Stock to buy drill rig for up to 220 mln yuan

Tuesday, 11 Jul 2017 03:32am EDT

July 10(Reuters) - XinJiang Beiken Energy Engineering Stock Co Ltd <002828.SZ>:Says it plans to buy deep well drilling rigs and supporting facilities for up to 220 million yuan in total.

Xtreme Drilling finalizes 18-month term contracts for remaining two 850XE drilling rigs

Wednesday, 5 Jul 2017 05:29pm EDT

July 5 (Reuters) - Xtreme Drilling Corp -:Xtreme Drilling Corp - Xtreme recently finalized 18-month term contracts for remaining two 850XE drilling rigs.Xtreme Drilling Corp - ‍for Q2 of 2017, total utilization for available 18-rig fleet was 42%, compared with a utilization rate of 36% for prior quarter​.Xtreme Drilling Corp - it is anticipated these two rigs will commence operations in mid- and late-q4 of 2017, respectively.

Pacific Drilling SA says contract drilling revenue for Q2 is expected to be in range of $66 mln to $68 mln

Wednesday, 5 Jul 2017 09:05am EDT

July 5 (Reuters) - Pacific Drilling SA :Pacific Drilling SA - Contract drilling revenue for Q2 2017 is expected to be in range of $66.0 million to $68.0 million.Pacific Drilling SA - Company expects a net loss for Q2 2017 in range of $130.0 million to $140.0 million.Pacific Drilling SA - Decrease in revenues resulted primarily from Pacific Santa Ana being offhire throughout Q2 2017.

Odfjell Drilling wins $55 mln contract

Tuesday, 4 Jul 2017 07:50am EDT

July 4 (Reuters) - Odfjell Drilling Ltd :Odfjell drilling awarded a contract with total e&p south africa.Further to conditional letter of award ("CLOA") as announced on 1 march 2017, odfjell drilling has now been awarded contract as described in CLOA.Contract commencement shall be between june 2018 and april 2019 and shall be back to back with completion of ongoing contract with wintershall norge on maria field or any subsequent contract.Contract is awarded by total e&p south africa and is for a one well plus one optional well to be drilled by 6th generation semi-submersible, deepsea stavanger, offshore south africa.Contract value including compensation for mobilization/demobilization period is estimated up to usd 55 million.Company expects drilling of firm well to take 60-80 days.

Statoil to kick off 2-3 months UK drilling campaign

Monday, 3 Jul 2017 02:09am EDT

July 3 (Reuters) - Statoil Asa :Kick-off for Statoil's UK exploration campaign.Will soon commence a three-well exploration drilling campaign on UK continental shelf, using the Transocean Spitsbergen semi-submersible rig.We hope to make discoveries that can add value to existing projects and also provide resources necessary for new developments on ukcs.Wells will be drilled in a continuous campaign that is expected to last approximately 2-3 months.First well, mariner segment 9, could prove additional resources and increase extent of mariner field.Second well is at Jock Scott, a prospect on the underexplored margins of the Viking Graben.The last well of the campaign will be the Verbier opportunity in the Moray Firth area.We have three exciting wells to test with a proven and efficient rig that will enable us to continue to develop our understanding of the full exploration potential of this mature basin and hopefully add new commercial reserves to our UK portfolio.

Ensco, Atwood Oceanics announce early termination of Hart-Scott-Rodino waiting period

Thursday, 29 Jun 2017 05:00pm EDT

June 29 (Reuters) - Atwood Oceanics Inc :Ensco Plc and Atwood Oceanics Inc announce early termination of Hart-Scott-Rodino waiting period.Atwood Oceanics Inc says have received notice from DoJ and FTC granting early termination of waiting period under U.S. Hart-Scott-Rodino antitrust.Atwood Oceanics Inc - ‍merger closing condition with respect to expiration or termination of waiting period under Hart-Scott-Rodino act has been satisfied​.

Ensco, Atwood Oceanics announce early termination of Hart-Scott-Rodino waiting period

Thursday, 29 Jun 2017 05:00pm EDT

June 29 (Reuters) - Atwood Oceanics Inc :Ensco Plc and Atwood Oceanics Inc announce early termination of Hart-Scott-Rodino waiting period.Atwood Oceanics Inc says have received notice from DoJ and FTC granting early termination of waiting period under U.S. Hart-Scott-Rodino antitrust.Atwood Oceanics Inc - ‍merger closing condition with respect to expiration or termination of waiting period under Hart-Scott-Rodino act has been satisfied​.

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