NADL: Q2 Results – Consolidated Revenues at $210.7 million
Highlights from the second quarter • North Atlantic Drilling generated second quarter 2015 EBITDA* of $119.3 million • North Atlantic Drilling reports second quarter 2015 net income of $44.2 million and earnings per share of $0.17 Subsequent events • North Atlantic Drilling secured a contract extension for the semi-submersible rig …
NADL: West Phoenix Contracted by Total E&P UK
North Atlantic Drilling has been awarded a contract extension for the semi-submersible rig West Phoenix by Total E&P UK Limited, commencing mid-March 2016 and securing work for the unit through the end of August 2016. The total revenue potential for the contract extension is approximately $62 million. A portion of …
NADL: Q1 Results
Highlights from the first quarter – North Atlantic Drilling generates first quarter 2015 EBITDA* of $92.4 million – North Atlantic Drilling reports first quarter 2015 net loss of $11.3 million and loss per share of $0.06 – Seadrill Limited provides guarantees for North Atlantic Drilling’s NOK1.5 billion bond maturing in …
NADL: Confirms Framework Delay
On August 22, 2014 North Atlantic Drilling Ltd. announced that it had entered into a Framework Agreement between NADL, Seadrill and Rosneft Oil Company (“Rosneft”). On November 7, 2014, the closing of the transaction was delayed until the end of May 2015. Today, all parties have mutually agreed to extend …
NADL – North Atlantic Drilling Ltd. – Fourth Quarter and Preliminary 2014 Results
Highlights from the fourth quarter North Atlantic Drilling generates fourth quarter 2014 EBITDA*) of US$135.3 million North Atlantic Drilling reports fourth quarter 2014 net loss of US$474.7 million and earnings per share of US$(1.99) North Atlantic Drilling reports a non-cash charge to its goodwill of US$480.6 million Subsequent events North …
Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft
Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern …
ExxonMobil: Looking for New Assignment for West Alpha, NADL, Rig?
Sanctions are forcing Exxon Mobil Corp.to look for alternative assignments for an offshore rig supposed to sail back to the Russian Arctic next summer. West Alpha, the rig owned by billionaire John Fredriksen’s North Atlantic Drilling Ltd. (NADL) that made a billion-barrel oil discovery for Exxon and OAO Rosneft in …
NADL: Agrees with Rosneft to Delay Rig Transaction Till May 2015
On May 26 2014, North Atlantic Drilling Ltd. announced that it had entered into a transaction between NADL, Seadrill and Rosneft Oil Company (“Rosneft”). Further details in relation to the transaction were provided in the announcements that NADL made on July 30 2014 and August 22 2014. NADL, Seadrill and …
Rosneft and ExxonMobil Pause Kara Sea Drilling Due to Sanctions
Exxon and Rosneft oil companies have stopped oil development on the Arctic shelf, Bloomberg reported. Representatives of the Rosneft company have made no comment on Bloomberg’s report. According to Bloomberg, oil development was stopped in connection with the sanctions that the EU has imposed on Rosneft and other Russian companies, …
Rosneft and North Atlantic Drilling Signed an Exchange of Assets Agreement
Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital. Moreover agreement’s options contemplate a …