Eurasia Drilling: Increases Management Buyout Offer to $11.75
Eurasia Drilling Company Limited (the Company) announces that it has today agreed with certain members of the Company’s management team and certain significant shareholders (the Participants) the terms of a merger (the Merger) between the Company and EDC Acquisition Company Limited (EACL). On 8 October 2014, the Company announced that …
Eurasia Drilling: Jack-Up Saturn’s Contract Cancelled
Eurasia Drilling Company Limited announces that it has received a letter of early termination of the contract for its jackup rig SATURN effective from October 8’th 2015. The current contract was expiring on 8’th January 2016. The early termination fee consists of 100% of the contract rate for 30 days …
Eurasia Drilling Company: Announcement of Proposed Merger & to De-List GDRs
Eurasia Drilling Company Limited (the Company) announces that it has today agreed with certain members of the Company’s management team and certain significant shareholders (the Participants) the terms of a merger (the Merger) between the Company and EDC Acquisition Company Limited (EACL). On 8 October 2014, the Company announced that …
Weatherford Announces the Release of JetStream® RFID Circulation Sub
Weatherford International plc announced today the commercial release of JetStream® Radio Frequency Identification (RFID) circulation sub at the Annual Technical Conference and Exhibition. Poor wellbore integrity can cause events such as stuck pipe, wellbore collapse, sloughing shales and lost circulation, which are major concerns for drillers in deep water. The …
Eurasia Drilling Company: Reviewing Offer to Take the Firm Private
Eurasia Drilling Company Limited announces that it has received an offer for a potential merger with the intention to take the Company private (the “Merger Proposal”). The Board of Directors received the Merger Proposal from certain management and core shareholders this morning which included an offer consideration of US$10.00 per …
Eurasia Drilling Company: Murat Sampiev, Alexander Bogachev and Taleh Aleskerov Appointed as Directors
Eurasia Drilling Company Limited announces that based on Article 73A of the Articles of the Company, the Board appointed Messrs Murat Sampiev, Alexander Bogachev and Taleh Aleskerov as Directors to fill current vacancies on the Board. Murat Sampiev will be a Class I Director, Alexander Bogachev will be a Class …
Bredenoord and DBR Combine Power
Bredenoord heading for offshore with new rental fleet. At the beginning of 2016 a new assortment of marine- and offshore-certified generators will become available as part of the Bredenoord rental fleet for the offshore industry. The machinery has been designed specifically for offshore deployment. It complies with the IMO Tier …
Exterran: Spin Off to Exterran Corporation and Archrock Inc to Proceed with New Financing
Exterran Holdings, Inc. announced today an update to the planned financing in connection with its previously announced separation. In November 2014, Exterran Holdings announced that it intends to separate its international contract operations, international aftermarket services and global fabrication businesses into a standalone, publicly traded company named Exterran Corporation. Upon …
TMK and Gazprom Sign Long-Term Agreement to Supply Premium Products
At the Sochi-2015 International Investment Forum, TMK, one of the world’s leading producers of tubular products for the oil and gas industry, and Gazprom, in the presence of Russian Prime Minister Dmitry Medvedev, have signed a long-term agreement to supply a complete set of premium tubular products. The agreement signed …
EDC: Confirms Cancellation of EDC and Schlumberger Merger and Transactions Plus Financial Update
EURASIA DRILLING COMPANY LIMITED UPDATE ON MERGER Further to our press release of 25 September 2015 when we announced that Schlumberger had advised us that it would not be extending the Long Stop Date after 30 September 2015, we can now confirm that the long stop date has expired and …