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Daldrup & Soehne AG signs MOU for deep geothermal project scope of 50 mln euros

Thursday, 21 Apr 2016 04:13am EDT

Daldrup & Soehne AG:Signs memorandum of understanding for deep geothermal project scope of 50 mln euros.Deep geothermal project in southern Molassebecken (Bavaria).Beginning of work, including planning, well site, drilling and testing of drilling is planned for Q4.

Archer wins five-year ConocoPhillips contract in Norway

Friday, 8 Apr 2016 06:30am EDT

Archer Ltd:Says ConocoPhillips awarded Archer contract for mechanical wireline services on the Norwegian continental shelf until 2021.Says contract was awarded to Archer following a competitive tender process for ConocoPhillips' well intervention services in Norway.

Archer awarded two-year contract extension by Statoil

Thursday, 31 Mar 2016 02:06am EDT

Archer Ltd:Announces a two-year extension of its contract for platform drilling services.Says Statoil has exercised the first option following the original four-year contract, with two additional two-year extension options remaining.Says Archer is currently the incumbent contractor for the Statfjord A, B and C platforms.Has been additionally awarded the Njord, Sleipner A, Snorre A and B, and Visund platforms under this extension.The extension will commence on Oct. 1 which is a direct continuation of the current contracts.

SeaDrill agrees contract extension for rig with Petrobras

Wednesday, 23 Mar 2016 02:27am EDT

SeaDrill Ltd:Has been awarded an 18-month contract extension for the drillship West Tellus by Petrobras commencing in April 2018 and securing work for the unit through the end of Oct. 2019.The total backlog for the contract extension is about $164 million.As part of the agreement to extend the West Tellus, Seadrill has agreed to a dayrate reduction on the current contract effective from Feb. 26, resulting in a $132 million reduction in backlog.Net effect of this agreement is a $32 million increase in backlog.

Greka Drilling Ltd receives rig contract award in India

Monday, 15 Feb 2016 02:01am EST

Greka Drilling Ltd:Announce a new contract to provide drilling services to Essar Oil Limited on the Raniganj East Block in West Bengal, India.

Transocean Ltd announces early termination of ship contract​

Monday, 8 Feb 2016 12:58am EST

Transocean Ltd:Announces that Murphy Exploration & Production company, a subsidiary of Murphy Oil Corporation, decided to terminate a contract for ultra-deepwater drillship Discoverer Deep Seas​.Will be compensated for early termination through a lump-sum payment that includes adjustments for operating costs.

Odfjell Drilling Ltd wins rig contract from JX Nippon

Monday, 18 Jan 2016 01:48am EST

Odfjell Drilling Ltd:JX Nippon Exploration and Production has awarded Odfjell Drilling's semi- submersible Deepsea Stavanger a contract for drilling one exploration well located West of Shetland on the UK Continental Shelf.Contract duration is estimated to be between 60 and 75 days and expected commencement is Q2 2016.

SeaDrill reaches agreement with DSME shipyard to defer delivery of two ultra-deepwater drillships

Friday, 15 Jan 2016 01:51am EST

SeaDrill Ltd:Announces agreement with DSME Shipyard.Agreement with DSME shipyard has been reached to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until Q2 2018 and Q1 2019 respectively.Says ‍under terms of original construction contracts, units were to be delivered by end of Q2 of 2016 and total final yard instalment for both units of over $800 mln was due at that time.Says ‍this agreement significantly improves company's near term liquidity position by deferring these capex commitments to 2018 and 2019 with no further payments to yard until that time​.

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