Oil & Gas Drilling

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Hi Crush Partners LP announces amendment of long-term contract with Weatherford U.S., L.P.

Monday, 11 Aug 2014 06:00am EDT

Hi Crush Partners LP:Enters into amendment to its supply agreement with Weatherford.Says amendment increases annual committed volumes under the supply agreement on certain grades of frac sand.Says in the supply arrangement, Weatherford agreed to pay a specified price for a specified minimum volume of frac sand each month.

SeaDrill secures commitment for newbuild ultra-deepwater unit West Saturn

Friday, 8 Aug 2014 10:31am EDT

SeaDrill Ltd:Says has secured a contract with Esso Exploration and Production Nigeria Limited for employment of the newbuild ultra-deepwater drillship West Saturn.Says West Saturn will support the ERHA North Phase 2 project in Nigeria.Says the contract was secured in cooperation with partner Field Offshore Design Engineering Nigeria Limited.Contract duration - two years firm plus one year option.Contract value for the primary contract term - about $497 million, inclusive of mobilization.

Helmerich & Payne Inc announces additional new build contracts

Thursday, 31 Jul 2014 06:00am EDT

Helmerich & Payne Inc:Entered into agreements with six exploration and production companies.To build and operate 13 additional FlexRigs to drill unconventional resource plays in U.S. All of these rigs were ordered under multi-year term contracts and are expected to generate attractive economic returns for the Company.Says new contracts bring total number of new build commitments announced in fiscal 2014 to 74 FlexRigs, including 30 since Company's last quarterly earnings release.

Northern Offshore Ltd announces 2 1/2 year contract for the energy endeavour

Wednesday, 30 Jul 2014 05:00pm EDT

Northern Offshore Ltd:Finalizes a 2 1/2 year contract with Rosneft Oil company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jackup drilling rig Energy Endeavour.According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release of the rig by the current client.Estimates the contract value to be in excess of $150 million, exclusive of any mobilization fees.

Archer Ltd announces contract extension for platform drilling contract

Wednesday, 30 Jul 2014 05:00am EDT

Archer Ltd:Announces that ConocoPhillips has exercised an option to extend its contract with Archer AS for the provision of Platform Drilling services for the Greater Ekofisk Area.Says original contract was signed in early 2010 and previously would have expired June 2015.The contract extension will commence immediately thereafter for five years with a new expiration date of June 30, 2020.

Archer Ltd announces contract extension with Statoil Brasil Oleo e Gas Ltda

Friday, 25 Jul 2014 02:40am EDT

Archer Ltd:Announces that Statoil Brasil Oleo e Gas Ltda., has exercised the first of two options to extend its contract with he company for the provision of Platform Drilling Management Services on their Peregrino Field Development.Says the original contract was for a fixed four year term commencing third quarter 2009.The contract extension will commence Sept. 1, for three years through Aug. 31, 2017.

Precision Drilling Corp Announces service agreement & marketing alliance with Schlumberger

Wednesday, 16 Jul 2014 06:00am EDT

Precision Drilling Corp:Had entered into a strategic technology and service agreement and marketing alliance with Schlumberger.The agreement aims to increase the industrialization of unconventional drilling in North America through an engineered approach that utilizes Precision's Tier 1 drilling rigs and allows Precision access to Schlumberger's bottomhole assembly and services.The agreement applies to Canada and the Lower 48 states in the U.S. and includes contract drilling services, downhole drilling and measurement technology, engineering and operational training.

Atwood Oceanics Inc 's subsidiary awarded contract for Atwood Hunter

Thursday, 19 Jun 2014 08:38am EDT

Atwood Oceanics Inc:Subsidiary awarded drilling services contract by CNOOC Africa Ltd for semisubmersible rig Atwood Hunter.Contract will be performed offshore Equatorial Guinea, specifies day rate of $337,000 for minimum term of 90 days and includes an option for one additional well.Says extent the term exceeds 90 days the day rate for days 91 to 180 shall be $330,000.Any term in excess of 181 days shall have dayrate of $325,000.Atwood Hunter is expected to commence contract mid-August 2014.

Hi Crush Partners LP announces long-term contract with Liberty Oilfield Services

Tuesday, 17 Jun 2014 04:00pm EDT

Hi Crush Partners LP:Enters into five-year supply agreement with Liberty Oilfield Services, or LOS, an oilfield service company providing specialized stimulation services to optimize well production in high frac-intensity basins in the United States.Supply agreement requires LOS to pay specified price for specified minimum volume of frac sand each month.

Rowan Companies plc awarded contract for fourth ultra-deepwater drillship

Friday, 6 Jun 2014 01:30pm EDT

Rowan Companies plc:Announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan's current construction program.Contract is with Freeport-McMoRan Oil & Gas LLC (FM O&G), a subsidiary of Freeport-McMoRan Copper & Gold Inc, for operations in the U.S. Gulf of Mexico.Expected to commence in the third quarter of 2015 and will add about $425 million to Rowan's current contract backlog.

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