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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.

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