Search results for: NADL

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  • 22 August 2014
    Business & Finance, Equipment, Project & Tenders

    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 possibility for Rosneft to increase […]

  • 26 February 2018
    Exploration & Production

    Norway’s Petroleum Safety Authority Norway has given North Atlantic Drilling Limited (NADL) a notice of an order following an audit of the West Phoenix rig. 

  • 1 July 2013

    North Atlantic Drilling (“NADL”) and Ship Finance International Limited (“Ship Finance”) today announce an agreement to a combined sale and leaseback arrangement whereby Ship Finance will acquire the harsh environment jack-up drilling rig West Linus from a subsidiary of NADL. The West Linus is currently under construction at Jurong Shipyard in Singapore with scheduled delivery […]

  • 1 July 2013
    Business & Finance

    North Atlantic Drilling (NADL) and Ship Finance International Limited (Ship Finance) today announce an agreement to a combined sale and leaseback arrangement whereby Ship Finance will acquire the harsh environment jack-up drilling rig West Linus from a subsidiary of NADL. The West Linus is currently under construction at Jurong Shipyard in Singapore with scheduled delivery […]

  • 3 December 2015
    Business & Finance, Exploration & Production

    North Atlantic Drilling Ltd. (NADL) has reached a standstill agreement with Singapore’s Jurong Shipyard for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel. The agreement for the semi-sub is effective until June 2016. The rig was previously slated for delivery in the fourth quarter of 2015, which is a delay […]

  • 16 March 2015
    Business & Finance, Exploration & Production

    North Atlantic Drilling Ltd. (NADL) has received a notice of termination from Rosneft of the service order for the West Navigator drillship in connection with the framework agreement. The drillship was indicatively scheduled to start operations under its five-year contract with Rosneft during the summer of 2015, which would have required earlier mobilisation. NADL previously […]

  • 1 June 2017
    Exploration & Production

    Oil company Rosneft, and offshore drillers Seadrill Limited and North Atlantic Drilling Limited (NADL) in 2014 signed a Framework Agreement that envisaged long-term cooperation in the sphere of oilfield development projects. Under the deal Rosneft was to acquire a 30 percent share in NADL in exchange for land drilling rigs and cash. Moreover, agreement’s options contemplated […]

  • 15 August 2013

    North Atlantic Drilling Ltd.  and Seadrill Limited  announced in their first quarter 2013 reports that the companies were actively engaged in discussions with potential strategic partners in order to strengthen NADL’s position in harsh environment areas. The basis for the establishment of NADL in 2011 was to carve out a premium specialist operator with a superior […]

  • 21 February 2011
    Business & Finance

      Reference is made to the press release on February 16, 2011 regarding the close of the Private Placement in North Atlantic Drilling Ltd. (“NADL” or the “Company”). The Private Placement was closed on February 16, 2011 at 12:00. However, due to significant over-subscription, the NADL share allocation was not finalized before yesterday. As the […]

  • 17 April 2015
    Business & Finance

    Rosneft and North Atlantic Drilling Limited (NADL) have agreed to extend the termination date of the Framework Agreement signed on August 20, 2014 until May 31, 2017.  On November 7, 2014, the closing of the transaction was delayed until the end of May 2015. The 2014 Framework Agreement that envisages long-term cooperation in the sphere of oilfield […]

  • 14 October 2013
    Business & Finance

    North Atlantic Drilling Ltd. (NADL) 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 able to find a mutually […]

  • 9 July 2013
    Business & Finance

    North Atlantic Drilling (NADL) and Ship Finance International Limited (Ship Finance), on July 1, announced an agreement to a combined sale and leaseback arrangement whereby Ship Finance will acquire the harsh environment jack-up drilling rig West Linus from a subsidiary of NADL. The West Linus is currently under construction at Jurong Shipyard in Singapore with […]

  • 11 November 2013

    North Atlantic Drilling Ltd. (NADL, or the Company) announced today that it has filed its first amended registration statements with the United States Securities and Exchange Commission (SEC) in connection with its initial public offering and concurrent offer to exchange previously issued unregistered common shares, other than the common shares owned by affiliates of NADL, for common shares that have […]

  • 26 August 2016
    Exploration & Production

    North Atlantic Drilling (NADL), a company providing harsh-environment drilling rigs for the oil and gas industry, reported revenues of 164.6 million for the second quarter of 2016. This is a fall when compared to the same period of 2015, when NADL posted revenues of 210.7 million. Net income fell to $16.6 million, from $44 million […]

  • 10 November 2014
    Business & Finance

    Norwegian offshore drilling contractor North Atlantic Drilling and Russian oil company Rosneft have delayed a $4.25 billion offshore rig deal. According to an agreement signed by the two companies earlier this year, NADL was to provide six offshore drilling rigs to Rosneft. Also, in a separate deal with Seadrill and NADL, Rosneft was to acquire a […]

  • 13 August 2015
    Business & Finance

    North Atlantic Drilling Ltd. (NADL), an offshore harsh environment drilling company, today announced that Ragnvald Kavli, Chief Financial Officer, has decided to leave the company to pursue other career opportunities.  According to NADL, Kavli will step down from his duties as of August 17, 2015. Scott McReaken will succeed Kavli as Chief Financial Officer for North […]

  • 31 July 2014
    Business & Finance

    North Atlantic Drilling Ltd. has announced that 6 binding offshore contracts have been executed with Rosneft Oil Company (“Rosneft”). 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 year contracts for the West Navigator, […]

  • 16 February 2011
    Business & Finance

      North Atlantic Drilling Ltd. (“NADL” or the “Company”) has completed the first tranche and closed the order book in the private placement of 250,000,000 new ordinary shares of US$1.00 par value at a subscription price of US$1.70, raising US$425,000,000 in gross proceeds to the Company (the “Private Placement”). The Private Placement was closed on […]

  • 7 June 2016
    Exploration & Production

    Offshore drilling contractor North Atlantic Drilling could set up a joint venture company with a Singapore shipyard. Namely, the Seadrill subsidiary on Tuesday said it would extend its standstill agreement for the delivery of the West Rigel semi-submersible drilling rig from Jurong Shipyard in Singapore. The drilling company explained that the delivery date has now […]

  • 27 August 2015
    Exploration & Production

    West Venture, a semi-submersible drilling rig, has ended its adventure with Norway’s largest oil company Statoil, after fifteen years in service. The owner of the rig, North Atlantic Drilling Limited (NADL), said on Thursday the rig had completed its contract. The rig, built in 2000, is now undergoing preparations to remain idle in Norway with […]

  • 4 October 2016
    Exploration & Production

    Offshore drilling contractor North Atlantic Drilling (NADL) has once again deferred delivery of a newbuild semi-submersible drilling rig, the West Rigel, built by Sembcorp Marine’s Jurong Shipyard.  NADL informed on Tuesday that an amendment has been agreed with Jurong Shipyard, which extends the delivery deferral period to January 6, 2017. The extension allows the parties […]

  • 25 February 2016

    North Atlantic Drilling (NADL), a provider of harsh environment drilling services formed as a subsidiary of Seadrill, has tightened its quarterly loss, but halved the revenues.  NADL on Thursday reported a drop in the company’s total operating revenues for the quarter to $150.4 million, compared to $291.2 million in 4Q 2014. The offshore drilling contractor on Thursday […]