Oil Rig Operator Seadrill Doubles Quarterly Net Profit
Norwegian operator of offshore oil platforms Seadrill in the second quarter received a net profit of $94 million, which is 2.2 times higher than in the first quarter, a loss of $36 million was recorded for the same period last year, the company said in a report. Revenue amounted to …
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 …
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 …
NADL – North Atlantic Drilling: Announces Acquisition of Land Drilling Rigs in Russia
North Atlantic Drilling Ltd. is pleased to announce that an agreement has been signed whereby NADL will purchase a significant portion of Rosneft’s land drilling fleet in Russia. Approximately 150 rigs will be acquired along with an award of new 5 year contracts with Rosneft for these units. Following the …
NADL – North Atlantic Drilling Secure Commitment for Six Offshore Units from Rosneft
North Atlantic Drilling is pleased to announce that 6 binding offshore contracts have been executed with Rosneft Oil Company. The total revenue potential for the six contracts exclusive of mobilization is approximately US$4.25 billion. According to the agreement, any break rights expire after 100 days. The executed contracts include 5 …
NADL – Seadrill and North Atlantic Drilling Announce Investment and Co-operation Agreement with Rosneft to Partner in the Russian Market
North Atlantic Drilling Ltd. (“NADL” or the “Company”) and Seadrill Limited (“Seadrill”) are pleased to announce that an Investment and Co-operation Agreement has been executed with Rosneft in order to pursue growth opportunities offshore and onshore in the Russian market through at least 2022. As part of these proposed opportunities, …
Rosneft, Seadrill and North Atlantic Drilling Expand Cooperation
Rosneft, North Atlantic Drilling Ltd. and Seadrill Limited signed an Investment and Cooperation Agreement at the 18th St. Petersburg International Economic Forum to form a long-term partnership with a view to capture the opportunities in developing Rosneft’s offshore and onshore projects until at least 2022. The signing ceremony was led …
NADL: Partnership Discussions on Hold, Filing for NYSE Listing
North Atlantic Drilling Ltd. and Seadrill Limited announced on August 15, 2013 that the companies were actively engaged in specific discussions with the potential to bring in a strategic partner as a major owner in NADL. The parties have made solid progress in these discussions but have not yet been …