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Oil & Gas Drilling

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Awilco Drilling accepts LOA from Alpha Petroleum

Thursday, 21 Sep 2017 03:02am EDT

Sept 21 (Reuters) - AWILCO DRILLING PLC ::REG-AWDR - LETTER OF AWARD (LOA) ACCEPTED FROM ALPHA PETROLEUM.‍ACCEPTED LOA FROM ALPHA PETROLEUM RESOURCES TO DRILL 18 DEVELOPMENT WELLS ON CHEVIOT FIELD IN NORTHERN NORTH SEA​.‍MINIMUM CONTRACT VALUE FOR FIRM TERM IS ESTIMATED AT USD 126 MILLION​.

Transocean receives early termination notice on the Discoverer Clear Leader

Wednesday, 20 Sep 2017 04:15pm EDT

Sept 20 (Reuters) - Transocean Ltd :Transocean Ltd. receives early termination notice on the Discoverer Clear Leader.Transocean - ‍Subsidiary of Chevron elected to exercise option to terminate drilling contract for ultra-deepwater drillship Discoverer Clear Leader.Transocean - ‍In accordance with contract terms, Transocean will be compensated through lumpsum payment of about $148 million in contract termination fees​.Transocean Ltd - ‍Payment is expected to be received in Q4 of 2017​.

Repsol Norge awards Archer additional contracts

Wednesday, 13 Sep 2017 12:49am EDT

Sept 13 (Reuters) - Archer Ltd :Reg-Archer limited: repsol norge awards archer additional contracts for p&a and related services.Reference is made to the press release on August 9, 2017 regarding the award of a four year contract for P&A rig operations by Archer for Repsol Norge AS.Archer is now pleased to announce that Repsol also has awarded Archer Wireline and Archer Oiltools four year frame agreement contracts for additional P&A services for Repsol Norge AS.The contract scope for Archer Wireline includes mechanical wireline services as well as pipe recovery and other electric-line logging services.For Archer Oiltools the contract scope includes barrier testing, establishing rock-to-rock barriers and permanent downhole mechanical isolation.

ADES International H1 net profit decreased by 6 pct to $17.3 mln

Tuesday, 12 Sep 2017 02:00am EDT

Sept 12 (Reuters) - ADES International Holding Ltd :‍REVENUE INCREASED 45.6% YEAR-ON-YEAR TO $87.8 MILLION IN 1H2017​.NET PROFIT DECREASED BY 6.0% YEAR-ON-YEAR TO $17.3 MILLION IN 1H2017​.‍TOTAL BACKLOG REACHED $430 MILLION AS AT 30 JUNE 2017​.‍2H2017 EXPECTED TO SEE ORGANIC DOUBLE-DIGIT REVENUE GROWTH WHILE MAINTAINING SIMILAR MARGINS TO 1H 2017​.‍NOW EXPECTS CERTAIN CONTRACTS WON DURING 1H2017 TO COMMENCE IN EARLY 2018​.‍2H2017 PERFORMANCE IS CURRENTLY EXPECTED TO BE BROADLY IN LINE WITH 1H2017​.

Xinjiang Beiken Energy Engineering signs contract with Ukraine's firm on projects

Sunday, 10 Sep 2017 09:47am EDT

Sept 10 (Reuters) - Xinjiang Beiken Energy Engineering Stock Co Ltd <002828.SZ>:Says it signs contract with Ukraine's Ukrgazvydobuvannya on gas drilling projects worth about 398.5 million yuan ($61.52 million).

Songa offshore Q2 ebitda in line with forecast

Friday, 25 Aug 2017 02:03am EDT

Aug 25 (Reuters) - Songa Offshore Se :Songa offshore q2 ebitda $107 million (Reuters poll $107 million).Songa offshore q2 revenues $174 million (Reuters poll $174 million).As a result of increased tender activities and contract awards, the North Sea markets are beginning to tighten with operators preferring newer rigs.Sees an increased number of rigs being scrapped, a trend that is likely to continue through 2017 and 2018.

Odfjell Drilling wins $68 mln contract from Aker BP

Thursday, 10 Aug 2017 04:55am EDT

Aug 10 (Reuters) - ODFJELL DRILLING LTD :SAYS SIGNED A CONTRACT WITH AKER BP ASA FOR DEEPSEA STAVANGER RIG FOR A PERIOD OF APPROXIMATELY 9 MONTHS WITH COMMENCEMENT IN FEBRUARY 2018 AND COMPLETION AROUND OCTOBER 2018.SAYS THE ONTRACT VALUE IS ESTIMATED UP TO $68 MILLION.SAYS THE RIG WILL BE USED FOR EXPLORATION AND DEVELOPMENT DRILLING AT VARIOUS LOCATIONS IN THE NORWEGIAN SEA AND THE BARENTS SEA.

Repsol awards Archer a four-year contract in Norway

Wednesday, 9 Aug 2017 10:00am EDT

Aug 9 (Reuters) - ARCHER LTD :SAYS REPSOL NORGE AWARDS ARCHER A FOUR-YEAR CONTRACT FOR THE PROVISION OF P&A RIG OPERATIONS ON THE NORWEGIAN CONTINENTAL SHELF.SAYS THE CONTRACT SCOPE INCLUDES PERMANENT PLUGGING AND ABANDONMENT OF THE WELLS ON THE GYDA PLATFORM OPERATED BY REPSOL NORGE .SAYS THREE ADDITIONAL TWO-YEAR EXTENSION OPTIONS ARE AVAILABLE IN ADDITION TO THE FIRM CONTRACT TERM .THE CONTRACT SCOPE INCLUDES DRILLING AND MAINTENANCE SERVICES, ENGINEERING AND DOWNHOLE TOOL RENTAL SERVICES.SAYS ARCHER'S PROVIDES DRILLING OPERATIONS AND MAINTENANCE SERVICES ON FORTY-TWO PLATFORMS IN THE NORTH SEA, TWO IN BRAZIL AND ONE TENDER-ASSIST BARGE RIG IN GREECE .

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