Search results for: Pacific Drilling

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  • 20 November 2018
    Business & Finance

    Offshore driller Pacific Drilling and certain of its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing restructuring transactions pursuant to their chapter 11 plan of reorganization. 

  • 13 November 2017

    Offshore drilling company Pacific Drilling has filed for Chapter 11 Bankruptcy.

  • 17 November 2017
    Exploration & Production

    A U.S. bankruptcy court has granted a relief requested by offshore driller Pacific Drilling which earlier this week filed for Chapter 11 bankruptcy. The driller on Thursday said the relief was granted by the United States Bankruptcy Court for the Southern District of New York in certain first day motions related to ordinary course business […]

  • 15 November 2017
    Exploration & Production

    Debt-laden Pacific Drilling which this week filed for Chapter 11 bankruptcy has seen its fleet value drop from almost $6 billion a few years back, to a little over a billion today, according to VesselsValue (VV). The company, owning a fleet of ultra-deepwater drillships, on Monday filed for bankruptcy protection, after a recent failure to […]

  • 7 August 2015
    Exploration & Production

    Offshore drilling contractor Pacific Drilling has posted a drop in its second quarter 2015 profit, when compared to the same period a year ago. The company’s net profit was $47.1 million in 2Q 2015, versus $49.8 million in 2Q 2014. Contract drilling revenue for second-quarter 2015 was $273.9 million, which included $21.5 million of deferred […]

  • 8 June 2016
    Business & Finance, Exploration & Production

    Offshore driller Pacific Drilling has regained compliance with the New York Stock Exchanges’s continued listing requirements. The drilling company previously announced that it received a notice from the NYSE on January 13, 2016 that Pacific Drilling did not satisfy the $1.00 minimum share price standard for continued listing of the Company’s common shares, and the […]

  • 21 August 2018
    Exploration & Production

    The company expects a smooth plan confirmation process and a quick emergence from its Chapter 11 proceedings,

  • 23 July 2019
    Business & Finance

    Pacific Drilling, an offshore drilling specialist, has appointed a new senior vice president and chief financial officer (CFO).

  • 24 January 2017
    Business & Finance

    Offshore drilling contractor Pacific Drilling has reached an agreement with its banking group to make certain amendments to its $500 million revolving credit facility (RCF) and $1 billion senior secured credit facility (SSCF). According to the driller’s statement on Monday, the amendments waive the leverage ratio covenant for the fiscal quarters ending March 31, 2017 […]

  • 15 February 2016
    Exploration & Production

    Offshore drilling company Pacific Drilling has received a warning from the New York Stock Exchange, according to which the company’s shares do not satisfy a minimum share price, and are subject to delisting if the situation is not rectified. “On January 13, 2016, Pacific Drilling S.A. received notice from the New York Stock Exchange stating […]

  • 23 June 2015
    Exploration & Production

    Bloomberg Business earlier in June reported that the offshore drilling contractor Pacific Drilling was being looked at by Transocean, Ensco and Seadrill as a potential takeover candidate. Also, it has been reported that Chevron, the driller’s largest customer has cancelled a Gulf of Mexico rig tender due for an award at the end of the year. […]

  • 8 May 2020
    Business & Finance, Business developments & projects

    Despite posting a loss in the first quarter of the year, offshore drilling contractor Pacific Drilling has had an overall better first quarter than the one in the year prior, but the company is preparing itself for ‘challenging times’ ahead.

  • 6 July 2017
    Exploration & Production

    Offshore driller Pacific Drilling expects to report a drop in contract drilling revenue for the second quarter of the year, compared to the first quarter, when it releases its results in August. The company on Wednesday said that contract drilling revenue for the second quarter 2017 is expected to be in the range of $66.0 […]

  • 1 March 2016
    Exploration & Production

    Offshore ultra-deepwater drilling company, Pacific Drilling, on Monday swung to a net loss for fourth-quarter 2015 of $13.6 million, compared to net income of $68 million in the corresponding period of 2014.  Pacific Drilling’s contract drilling revenue for fourth quarter of 2015 was $267.6 million, which included $20.4 million of deferred revenue amortization, compared to […]

  • 4 December 2018
    Exploration & Production

    Pacific Drilling, an offshore drilling specialist with one of the younger fleets in the industry is off to a fresh start after it last month emerged from bankruptcy.

  • 9 November 2015
    Exploration & Production

    Pacific Drilling, an offshore drilling contractor, on Sunday posted a drop in its third quarter 2015 profit versus the one made a year ago, and in the previous quarter of 2015.  In its 3Q 2015 report, the drilling contractor posted a net income of $41 million in the third quarter 2015, compared to net income […]

  • 24 May 2018
    Exploration & Production

    Offshore driller Pacific Drilling reported a loss of $96.1 million for the first-quarter of 2018, compared to a net loss of $99.8 million a year ago, and a loss of $129.7 million in the fourth quarter of 2017.

  • 3 August 2017
    Business & Finance, Exploration & Production

    Debt-laden offshore driller Pacific Drilling is evaluating its options, including Chapter 11 bankruptcy, after bondholders of a $439 million bond rejected the company’s request to extend the maturity date beyond December 1, 2017. The company which this week lost long-serving CEO who left “to pursue other opportunities”, had on July 5 launched a private consent […]

  • 2 August 2017
    Business & Finance, Exploration & Production

    Offshore drilling company Pacific Drilling has informed that its CEO Christian J. Beckett has stepped down from his positions as CEO and as a member of the Board to pursue other opportunities. The company, which provides ultra-deepwater drilling services to the oil and natural gas industry, announced that Paul T. Reese, the Company’s current Executive […]

  • 4 September 2013
    Business & Finance

    Pacific Drilling S.A. announced yesterday that it has taken delivery of its newest drillship, the Pacific Khamsin. The drillship is scheduled to begin mobilizing tomorrow to Nigeria, where it will commence a two year drilling contract. Pacific Khamsin, which features the most advanced drilling technology in the offshore drilling industry, including dual load path capability […]

  • 23 January 2014

    Pacific Drilling S.A. has announced  that Paul T. Reese, currently Vice President Controller, will assume the role of Chief Financial Officer, effective February 28, 2014. Reese will succeed the company’s current CFO, William Restrepo, who is leaving the company to pursue another opportunity. “Paul’s extensive industry and financial experience in senior positions will be invaluable […]

  • 28 August 2012
    Business & Finance

    Kongsberg Maritime will deliver a sophisticated new Information Management System (IMS) as part of a ‘Full Picture’ Integrated Automation System (IAS) delivery to the Pacific Drilling owned Samsung 12000 design dynamically-positioned drillship, Pacific Santa Ana. The IMS, which will be shown on the Kongsberg Maritime stand at ONS is a new development, which uniquely, facilitates […]