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Awilco Drilling: LoA With Alpha Petroleum To Start In Late Q3 2018​

Monday, 27 Nov 2017 10:03am EST

Nov 27 (Reuters) - AWILCO DRILLING PLC ::REG-AWDR - UPDATE ON LETTER OF AWARD WITH ALPHA PETROLEUM.‍LETTER OF AWARD REMAINS IN PLACE WITH START DATE OF LATE Q3 2018​.

Offshore Oil Engineering's 9-month profit down, to buy carriers from China Oilfield Services

Thursday, 26 Oct 2017 06:33am EDT

Oct 26 (Reuters) - Offshore Oil Engineering Co Ltd <600583.SS>:Says 9-month net profit down 73.0 percent y/y.Says unit plans to buy two carriers from China Oilfield Services Ltd <<<601808.SS>>>2883.HK for 1.06 billion yuan ($159.83 million).

Fred. Olsen Energy Q3 operating loss larger than expected

Wednesday, 25 Oct 2017 02:00am EDT

Oct 25 (Reuters) - Fred Olsen Energy Asa :fred. Olsen energy q3 revenues $‍76​ million (Reuters poll $71 million).fred. Olsen energy q3 ebitda $‍25​ million (reuters poll $33 million).fred. Olsen energy q3 ebit $‍-30​ million (Reuters poll $-23 million).‍says has been successful in introducing smart-stacking for up to four of the rigs in order to preserve the units ready for new contracts​.‍says bolette dolphin hot stacked while pursuing new contract opportunities.‍says market for floating units is turning in 2017 and longer term indicators are positive.Fred olsen energy says regarding market for floating units: contract durations will predominantly to be of shorter term nature albeit with some multi-year contract awards expected to materialize.

Sd Standard Drilling unit to aquire two new vessels

Thursday, 12 Oct 2017 10:37am EDT

Oct 12 (Reuters) - SD STANDARD DRILLING PLC ::S.D. STANDARD DRILLING PLC. (THE "COMPANY") TO ACQUIRE TWO (2) LARGE.UNIT TO ACQUIRE TWO PSV VESSELS‍​.‍VESSELS ARE TO BE ACQUIRED FOR A TOTAL EN-BLOC CONSIDERATION OF USD 22.2 MILLION.​.‍ACQUISITIONS ARE EXPECTED TO BE COMPLETED IN NOVEMBER 2017.​.

Japan Drilling unit receives drilling order worth about $46 mln

Tuesday, 10 Oct 2017 04:26am EDT

Oct 10 (Reuters) - Japan Drilling Co Ltd <1606.T>:Says co's unit Japan Drilling(Netherlands) B.V. signs agreement with North Oil Company, regarding drilling in Al-Shaheen oil field in Qatar through HAKURYU-10 from January 2018.Says unit will receive about $46 million from North Oil Company.

Sembcorp Marine says unit signed agreements for sale of nine jackup drilling rigs ​

Friday, 6 Oct 2017 10:53am EDT

Oct 6 (Reuters) - Sembcorp Marine Ltd :Unit ‍PPL Shipyard Pte signed agreements for sale of nine pacific class 400 jackup drilling rigs to Borr Drilling and its units ​.Sale for consideration of about $1.3 billion and a market-based fee calculated based on uplift in value of rigs sold​.‍Transaction for sale of nine jackup rigs will collectively result in a loss of approximately S$15 million​.

Borr Drilling to acquire nine jack-up rigs from PPL for $1.3 bln

Friday, 6 Oct 2017 10:46am EDT

Oct 6 (Reuters) - Borr Drilling Ltd :‍announces signing of a master agreement for acquisition of nine premium jack-up rigs from singapore ppl shipyard pte limited​.‍acquisition will increase borr drilling fleet to a total of 26 jack-up rigs once all rigs under construction have been delivered​.‍total consideration for transaction is expected to be approximately usd 1.3 billion​.‍borr drilling will take delivery of first of rigs in q4 2017 with remaining rigs being delivered quarterly thereafter until last rig is delivered in q1 2019​.‍borr drilling has agreed to pay a pre-delivery instalment of approximately usd 500 million in short term.remaining purchase price is payable on delivery of each individual rig​.‍completion of transaction with ppl is subject to equity financing being secured by company​.

Japan Drilling units to provide drilling service to Petronnic Sdn. Bhd

Wednesday, 27 Sep 2017 03:18am EDT

Sept 27 (Reuters) - Japan Drilling Co Ltd <1606.T>:Says co's units JDC Offshore Malaysia Sdn. Bhd. and Hakuryu 5, Inc. will use HAKURYU-5 to provide drilling service to Petronnic Sdn. Bhd., and drilling will be started from December.Says order amount is undisclosed .

Sinopec Oilfield Service's unit enters contracts with Kuwait Oil Company

Monday, 25 Sep 2017 05:09am EDT

Sept 25 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>:Unit entered contracts with Kuwait Oil Company.Aggregate value of 3 contracts are US$175 million.Sinopec International Petroleum Services Nigeria entered contract with Shell Petroleum Development Co of Nigeria for $90 million.

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