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Oil & Gas Drilling

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SD Standard Drilling to acquire three large Norwegian built PSVs

Thursday, 19 Jan 2017 09:02am EST

SD Standard Drilling PLC : To acquire three large Norwegian built Platform Supply Vessels (PSV) on wholly owned basis . Vessels are to be acquired for total en-bloc consideration of $40 million . Following acquisition, company will control fleet of 10 norwegian built PSVs . Acquisition of vessels is expected to be completed, subject to inspection, in February 2017 .Acquisition will be financed through its cash holding, share contributions from subsequent offers and (to extent necessary) credit facility.

Seadrill shares rise after contract extension with Saudi Aramco

Thursday, 29 Dec 2016 03:12am EST

Rig firm Seadrill Ltd : Seadrill shares up 3.6 percent after 3 years rig extension contract with Saudi Aramco [nL5N1EO0OO] Further company coverage: [SDRL.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)).

Savanna responds to announcement of total's intention to make an unsolicited offer for Savanna

Friday, 25 Nov 2016 08:20am EST

Savanna Energy Services Corp : Savanna Energy Services Corp - Board of directors will consider and evaluate total's offer if and when received and will respond in due course . Savanna Energy- Co cautions that no formal offer has been presented to co or shareholders .Savanna responds to announcement of total's intention to make an unsolicited offer for Savanna.

Transocean increases consideration for acquisition of Transocean Partners

Monday, 21 Nov 2016 04:19pm EST

Transocean Partners LLC - : Transocean expects to issue approximately 23.8 million shares in merger . Transocean Partners LLC says increase in consideration was approved on behalf of Transocean partners by conflicts committee of its board of directors . To increase to 1.20 company's shares consideration for pending acquisition of each common unit of transocean partners not already owned .Transocean Ltd. increases consideration for acquisition of Transocean Partners LLC.

Jasper Investments enters into an agreement with Pty Resources Pte. Ltd.

Monday, 5 Sep 2016 04:07pm EDT

Jasper Investments Ltd : Company has entered into an agreement with Pty Resources Pte. Ltd. . Co and PRPL have agreed in-principle to collaborate with one another to undertake marine transportation aspects of LY projects .

Jasper Investments updates on agreement with Guangdong Zhuhai City Luyuan Construction Engineering

Sunday, 4 Sep 2016 05:15pm EDT

Jasper Investments Ltd : Reached an in-principle understanding with Guangdong Zhuhai city luyuan construction engineering co . Will manage certain aspects of infrastructural projects secured by luyuan including the marine transportation of aggregates .

Diamond Offshore says unit received notice of termination from Petroleo Brasileiro

Thursday, 1 Sep 2016 06:25am EDT

Diamond Offshore Drilling Inc : On August 30, 2016, unit received notice of termination from Petroleo Brasileiro S.A. of drilling contract on Ocean Valor . Co does not believe Petrobras had valid/lawful basis for terminating contract, co to defend rights of unit under contract . Drilling contract was estimated to conclude in accordance with its terms in October 2018 - SEC filing Source: (http://bit.ly/2bXomra ) Further company coverage: [DO.N] ((Bangalore.newsroom@thomsonreuters.com;)).

Transocean says Transocean Partners to pay $15 mln, if merger terminated

Monday, 1 Aug 2016 09:30am EDT

Transocean Ltd : If merger agreement is terminated, under certain circumstances, Transocean Partners to pay co termination fee of $15 million- SEC filing Source: (http://bit.ly/2atPbk9) Further company coverage: [RIGN.S] ((Bengaluru Newsroom; +91 80 6749 1130;)).

Transocean Ltd. agrees to acquire Transocean Partners

Monday, 1 Aug 2016 06:35am EDT

Transocean Ltd : Transocean partners common unitholders to receive 1.1427 shares of transocean per transocean partners unit in an all equity transaction . Following completion of transaction, transocean partners will be 100% owned by transocean ltd . Will have indirectly acquired 51% interests in the discoverer inspiration, the discoverer clear leader and the development driller iii . Transocean ltd. Agrees to acquire transocean partners llc . Transaction is expected to generally be non-taxable to transocean partners common unitholders . Transocean partners' minimum quarterly distribution of $0.3625 per unit for q3 of 2016 is expected to be paid in q4 of 2016 .Transocean has already committed to voting its approximately 21.3 million common units in favor of merger.

Songa Offshore completes share capital reduction

Monday, 6 Jun 2016 10:05am EDT

Songa Offshore Se : Reference is made to previous stock exchange announcements by Songa Offshore SE regarding the subsequent offering andlisting of up to 1,418,100,000 shares and the refinancingannounced on 15 March 2016. . The Company has sought to carry out a reduction in the nominal value of the Company's ordinary shares from EUR0.11 to EUR 0.001, by way of a reduction of share capital without distribution. . The nominal value and capital reduction have now been completed. . The subscription period for the Subsequent Offering commenced on 30 May 2016 and expires at 16:30 hours, Oslo time, on 13 June 2016. .The Subsequent Offering is managed by ABG Sundal Collier ASA and Swedbank..

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