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Oil & Gas Drilling

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Rowan Companies Plc received notice of early termination from Repsol E&P USA Inc

Tuesday, 15 Nov 2016 06:33am EST

Rowan Companies Plc : Rowan companies plc - received notice of early termination from Repsol E&P USA Inc. Under terms of drilling contract for drillship rowan renaissance . Rowan companies - expects to continue to be paid by repsol on monthly basis through original termination date of April 22, 2017 . Rowan Companies Plc - expects to continue to be paid by repsol on a monthly basis at a rate slightly below current standby rate . Rowan Companies Plc - company plans to reduce manning and warm stack drillship in near term. .Rowan Companies Plc - notice of early termination from Repsol E&P USA Inc. is effective immediately.

Transocean announces 15-month contract for Transocean Barents

Monday, 3 Oct 2016 06:56am EDT

Transocean Ltd :Transocean Barents awarded a 15-month contract with Suncor Energy at a dayrate of $260,000; estimated contract backlog is $119 million.

Independence Contract Drilling Q2 adj loss per share $0.07 excluding items

Thursday, 28 Jul 2016 06:45am EDT

Independence Contract Drilling Inc : Charges incurred during q2 included $0.04per share, of retirement benefits associated with departure of executive officer . Independence contract drilling, inc. Reports financial results for the second quarter ended June 30, 2016 . Q2 adjusted loss per share $0.07 excluding items . Q2 loss per share $0.12 . Q2 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S . Q2 revenue $15.2 million versus I/B/E/S VIEW $14.8 million . Capital expenditure budget for second half of 2016 is $8.0 million . Charges incurred during Q2 of 2016 included $0.01 per share, related to amortization of deferred financing costs .At end of Q2, signed two six-month term contracts with new customer for mobilization of shaledriller rigs during Q3.

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.

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