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Oil & Gas Drilling

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Rowan announces launch of ARO Drilling

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Rowan Companies Plc :Rowan announces launch of ARO Drilling.Rowan Companies Plc - ‍ARO Drilling, co's 50/50 joint venture with Saudi Arabian Oil Company commenced operations on October 17, 2017​.Rowan Companies Plc - ‍As part of initial startup of aro drilling, rowan and saudi aramco contributed equal amounts of cash into joint venture​.Rowan Companies Plc - ‍Pursuant to aro drilling shareholders' agreement, Saudi Aramco will sell an additional jack-up rig in 2017 to ARO Drilling​.Rowan Companies Plc - Rowan will sell an additional two jack-up rigs to ARO Drilling once they complete their current contracts in late 2018​.Rowan Companies - Co, Saudi Aramco agreed aro drilling will purchase 20 future newbuild rigs that will be constructed by Saudi Aramco Manufacturing JV.Rowan Companies Plc - 20 future newbuild rigs to be constructed by a Saudi Aramco Manufacturing JV expected to be delivered between 2021 and 2030​.

Ocean Rig UDW Inc announces withdrawal of winding up petition

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Ocean Rig Udw Inc :Ocean Rig UDW Inc announces withdrawal of winding up petition.Ocean Rig UDW Inc - ‍joint provisional liquidators of UDW, DFH, DOV and DRH have been discharged pursuant to an order of Grand Court of Cayman Islands​.

Boart Longyear says senior vice president, general counsel will be leaving co on 31 Dec 2017​

Sunday, 15 Oct 2017

Oct 16 (Reuters) - Boart Longyear Ltd :‍Fabrizio Rasetti, co's senior vice president, general counsel will be leaving co on 31 Dec 2017​.‍Brad Baker, company's senior vice president human resources, will be leaving company on 31 Dec​.

Sd Standard Drilling unit to aquire two new vessels

Thursday, 12 Oct 2017

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.​.

Sembcorp Marine says conditions for unit's sale of jackup drilling rigs fulfilled

Monday, 9 Oct 2017

Oct 9 (Reuters) - Sembcorp Marine Ltd ::Conditions precedent for agreements to be effective of sale by unit of nine pacific class 400 jackup drilling rigs have been fulfilled.Parties will proceed with sale and purchase of rigs​.

Ensco Plc completes acquisition of Atwood Oceanics

Friday, 6 Oct 2017

Oct 6 (Reuters) - Ensco Plc :Ensco Plc completes acquisition of Atwood Oceanics.

Daldrup & Söhne posts H1 EBIT of 0.5 mln euros

Wednesday, 4 Oct 2017

Oct 4 (Reuters) - DALDRUP & SOEHNE AG <4DSG.DE>:DGAP-NEWS: DALDRUP & SÖHNE AG POSTS POSITIVE GROUP HALF-YEAR RESULTS IN LINE WITH FORECAST.‍2017 FORECAST CONFIRMED: CA. 40 MILLION EUROS TOTAL OUTPUT, EBIT MARGIN 2%-5%​.H1 ‍CONSOLIDATED TOTAL OUTPUT OF 22.8 MILLION EUROS (H1 2016: 21 MILLION EUROS)​.H1 EBITDA WERE 2.3 MILLION EUROS (2016: 2.2 MILLION EUROS)​.H1 ‍CONSOLIDATED EARNINGS AFTER TAXES WERE 168,000 EUROS COMPARED TO 3,000 EUROS DURING SAME PERIOD LAST YEAR​.H1 ‍CONSOLIDATED EARNINGS BEFORE INTEREST AND TAXES (EBIT) WERE 0.5 MILLION EUROS (2016; 0.4 MILLION EUROS)​.

Daldrup & Soehne gets order for geothermal drilling in Belgium

Monday, 18 Sep 2017

Sept 18 (Reuters) - DALDRUP & SOEHNE AG <4DSG.DE>::DGAP-NEWS: DALDRUP & SÖHNE AG RECEIVES ORDER FOR THIRD GEOTHERMAL DRILLING IN BELGIUM.COMMISSIONED TO DRILL THIRD OF FIVE POSSIBLE GEOTHERMAL DOUBLETS FOR BELGIAN COMPANY VITO N.V., MOL.WORK IS PROJECTED TO START IN OCTOBER 2017 AND SHOULD BE CONCLUDED WITHIN FOUR MONTHS.CONTRACT FURTHER INCREASES DALDRUP GROUP'S VOLUME OR ORDERS SO COMPANY WILL BE WORKING TO CAPACITY WELL INTO 2019.

Seadrill receives court approval of "first day" motions

Thursday, 14 Sep 2017

Sept 14 (Reuters) - Seadrill Ltd - :Seadrill receives court approval of "first day" motions.Expects its operations to continue uninterrupted throughout the reorganization process.Says approved motions give company authority to, continue to pay employee wages and benefits without interruption.Approved motions gives authority to continue to utilize cash management system; continue to pay suppliers,vendors in full under normal terms.

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