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Oil & Gas Drilling

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Mitchell Services gets 3-year material contract with Glencore Coal Assets Australia

Sunday, 14 May 2017 09:17pm EDT

May 15 (Reuters) - Mitchell Services Ltd :Material contract award.Received notification of award for 3-year contract with Glencore Coal Assets Australia across a number of their Queensland coal operations.

Xinjiang Beiken Energy Engineering Stock to set up subsidiaries in Ningbo and Hong Kong

Monday, 24 Apr 2017 05:54am EDT

April 24(Reuters) - Xinjiang Beiken Energy Engineering Stock Co Ltd <002828.SZ> ::* Says it will invest 30 million yuan to set up a wholly owned assets management subsidiary in Ningbo.* It will invest HK $10 million to set up a wholly owned energy subsidiary in Hong Kong.

Matrrix Energy Technologies to investigate complementary strategic opportunities in land-based contract drilling

Monday, 27 Mar 2017 08:00am EDT

Matrrix Energy Technologies Inc : Matrrix Energy Technologies Inc - intent to investigate complementary strategic opportunities in land-based contract drilling . Matrrix Energy Technologies Inc - as a consequence, chairman Elson Mcdougald, has tendered resignation as a director of co effective March 27, 2017 . Matrrix Energy Technologies Inc - with mcdougald's resignation, thane russel has been appointed chairman of matrrix effective April 1, 2017 .Matrrix Energy Technologies Inc - expects to consider asking Mcdougald to rejoin corporation's board of directors after August 11, 2017.

Aban Offshore gets $72.4 mln contract from ONGC

Monday, 27 Mar 2017 03:29am EDT

Aban Offshore Ltd : Says award of new contract . Says total contract value is about $72.365 million . Says got LoA from ONGC for charter hire of drillship Aban Ice for 3 yrs .Says deployment expected to commence during Q2 2017.

Keppel Corp says unit signed agreement with Borr Drilling for Transocean rigs

Monday, 20 Mar 2017 09:44am EDT

Keppel Corporation Limited : Keppel signs heads of agreement with borr drilling for transocean rigs . Under new agreement, Borr Drilling will take over contracts and undertake remaining payment installments to Keppel Fels . Price for each rig is usd$216 million, compared to original price of usd$219 million . Under agreement construction contracts for five jackup rigs currently being built by Keppel Fels for Transocean will be novated to Borr Drilling . Completion of transaction is expected to take place before end of may 2017 . Transaction will not have any material impact on net tangible assets & earnings per share of Keppel Corp for FY17 . "Borr Drilling will also make a down payment of usd$275 million" .Keppel Offshore & Marine Ltd has entered into a heads of agreement with Borr Drilling Ltd of Bermuda.

Xinjiang Beiken Energy Engineering Stock to set up three units

Monday, 6 Mar 2017 03:06am EST

Xinjiang Beiken Energy Engineering Stock Co Ltd <002828.SZ>: Says it will use 50 million yuan to set up a wholly owned subsidiary, which will be engaged in development of international oil and gas field blocks . Says it will use 50 million yuan to set up a wholly owned subsidiary, which will be engaged in manufacture of special equipment for oil drilling .Says it will use 30 million yuan to set up a wholly owned subsidiary, which will be engaged in production of drilling chemical materials.

Kuwait's Senergy Holding unit to renew $26 mln contract with Kuwait Oil Co

Wednesday, 22 Feb 2017 01:04am EST

Senergy Holding Company Kscp : Unit receives letter to renew contract worth $26 million with Kuwait Oil Co Source: (http://bit.ly/2ltIFjn) Further company coverage: [SENE.KW] ((Bangalore.newsroom@thomsonreuters.com;)).

Patterson-UTI Energy reports Q4 loss of $0.53/shr

Thursday, 9 Feb 2017 06:22am EST

Patterson-UTI Energy Inc : Patterson-UTI Energy reports financial results for three and twelve months ended December 31, 2016 . Q4 loss per share $0.53 . Q4 earnings per share view $-0.54 -- Thomson Reuters I/B/E/S . Total average rig revenue per day for Q4 was $21,640 compared to $21,870 during Q3 . For Q4, average rig count in United States increased to 66 rigs, up from 60 rigs during Q3 . Declared a quarterly dividend on its common stock of $0.02 per share . Patterson-UTI Energy - As of Dec. 31, 2016, had term contracts for drilling rigs providing for approximately $417 million of future dayrate drilling revenue . Says average rig count in Canada was two rigs during Q4, unchanged from prior quarter . Patterson-UTI Energy Inc - Expect an average of 44 rigs operating under term contracts during q1 . Patterson-Uti energy inc - sees an average of 37 rigs operating under term contracts during 2017 . "The pace of recovery in our industry accelerated in Q4 with increasing drilling and pressure pumping activity" . Patterson-UTI Energy Inc - Have signed contracts that provide for completion of two new apex rigs . Patterson-UTI Energy Inc- For the month of January, our average rig count was 76 rigs in United States and two rigs in Canada.

SD Standard Drilling enters PSV market

Friday, 12 Aug 2016 01:38am EDT

SD Standard Drilling : Said on Thursday it had invested $2.4 million, corresponding to 20 percent ownership, in PSV Opportunity I DIS . PSV Opportunity owns three mid-size PSV vessels (VS 470 MK II) built in 2005 and 2006 . Aggregated purchase price for the three vessels is $7.5 million . PSV will be financed by equity only . Fletcher Shipping will act as Technical and Commercial Manager . Clarksons Platou Project Finance will act as Corporate Manager .SD Standard Drilling will have a bank balance of about $6.6 million after the investment.

Awilco Drilling: Wilphoenix resumes operations

Monday, 27 Jun 2016 02:00am EDT

Awilco Drilling Plc :Confirms Wilphoenix has moored at Apache's drilling location on Storr field and resumed operations at night, June 26.

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