Search results for: North Atlantic Drilling

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  • 18 September 2017

    North Atlantic Drilling, a subsidiary of offshore driller Seadrill, is set to be delisted from the New York Stock exchange, following recent restructuring news. Namely, the harsh-environment subsidiary of Seadrill has received a written notice from NYSE Regulation that its common stock is no longer suitable for listing  because of the company’s announcement on September […]

  • 6 November 2015

    North Atlantic Drilling Ltd., a provider of harsh-environment offshore drilling rigs, has removed a director from its board due to his potential involvement in a corruption scandal. In a statement issued Thursday night, the company said it was informed that Jo Lunder, Director of the company, is under investigation by Norwegian prosecuting authorities in relation […]

  • 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 […]

  • 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 […]

  • 10 July 2015
    Business & Finance, Exploration & Production

    North Atlantic Drilling has been awarded a contract extension for the semi-submersible rig West Phoenix by Total E&P UK. The extension will become effective mid-March 2016. The contract extension will secure work for the rig through the end of August 2016. According to North Atlantic Drilling, the total revenue potential for the contract extension is […]

  • 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 […]

  • 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 May 2014
    Business & Finance

    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 by Vladimir Putin, the President […]

  • 4 April 2011
    Business & Finance, Project & Tenders

      Reference is made to the reorganisation of Seadrill’s harsh environment drilling services and the establishment of North Atlantic Drilling Ltd announced on February 15, 2011. Seadrill announces that North Atlantic Drilling’s acquisition of our harsh-environment drilling activities was successfully completed on March 31, 2011. Closing of the transaction took place in line with the […]

  • 27 September 2016
    Exploration & Production

    Drilling company North Atlantic Drilling Limited has received a notice of cancellation from Statoil related to the contract for the West Epsilon jack-up drilling rig. The West Epsilon was originally contracted for drilling services in Norway until the end of December 2016. The rig has been working for Statoil since December 2010 performing operations for […]

  • 3 February 2014
    Equipment

    Offshore drilling contractor North Atlantic Drilling has agreed to purchase two next-generation GE Oil & Gas SeaONYXTM blowout preventer (BOP) control systems, upgrading control spreads on board NAD’s semi-submersible West Venture and drill ship West Navigator.   The SeaONYX BOP control system extends system availability by incorporating multiple redundancies and hot-swappable components to keep operations […]

  • 9 January 2017
    Exploration & Production

    Drilling contractor North Atlantic Drilling Ltd. (NADL) has once again postponed the delivery of a newbuild drilling unit West Rigel ordered at Sembcorp Marine’s Jurong Shipyard.  In addition to several previous delays, the latest one being announced in October 2016, NADL on Monday announced a standstill agreement and subsequent amendments to defer delivery of the semi-submersible […]

  • 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 […]

  • 18 May 2011
    Business & Finance

      North Atlantic Drilling Ltd., in which Seadrill has a 75 percent ownership, has received a letter of award for the semi-submersible drilling rig West Alpha for operations on the Norwegian Continental Shelf. The letter of award covers a two-well commitment in the Balder field, with an estimated firm contract period of 210 days and […]

  • 9 August 2011
    Business & Finance

    North Atlantic Drilling Ltd., in which Seadrill has a 75 percent ownership, has taken delivery of the new harsh environment jack-up drilling rig, West Elara from Jurong Shipyard in Singapore. The rig is expected to depart Singapore on August 11th and arrive at Westcon Shipyard in Ølen, Norway in early October in order to undertake […]

  • 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 […]

  • 9 August 2011
    Business & Finance

    North Atlantic Drilling Ltd., in which Seadrill has a 75 percent ownership, has taken delivery of the new harsh environment jack-up drilling rig, West Elara from Jurong Shipyard in Singapore. The rig is expected to depart Singapore on August 11th and arrive at Westcon Shipyard in Ølen, Norway in early October in order to undertake […]

  • 29 June 2016
    Exploration & Production

    Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has revealed audit results for North Atlantic Drilling’s capacity and competence within drilling and the arrangements for employee participation at the jack-up rig, the West Linus. PSA said on Wednesday that the audit at the West Linus jack-up rig was done from May 19 to May 25. The aim […]

  • 17 January 2017
    Business & Finance, Exploration & Production

    Drilling contractor North Atlantic Drilling has been awarded a one-well contract for the semi-submersible rig West Phoenix. The contract is for work in the United Kingdom, West of Shetland with the French oil giant Total. In a statement on Tuesday, North Atlantic Drilling said the contract was in direct continuation with the West Phoenix’s existing […]

  • 20 January 2012
    Business & Finance

    North Atlantic Drilling has been awarded an 18 month contract extension for the drillship West Navigator by A/S Norske Shell. This contract extension will secure employment for West Navigator until end of June 2014. The estimated revenue value for the contract extension is US$320 million. Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS […]

  • 20 June 2011
    Business & Finance

    Through its subsidiary TTS Energy AS, TTS Group ASA has signed a Letter of Intent with Jurong Shipyard Pte Ltd in Singapore, for delivery of a high performance drilling equipment package for a new CJ70 Jack-up to be built for North Atlantic Drilling Ltd. The contract has a value of approximately NOK 350 million plus […]

  • 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 […]