Search results for: Standard Drilling

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  • 4 January 2018
    Business & Finance

    Standard Drilling, an offshore driller turned offshore vessel owner, has secured a one well firm contract for its Standard Supplier platform supply vessel in the North Sea, with an undisclosed client. The Oslo-listed company said on Thursday that the contract would last 85 days, starting mid-February 2018. The charterer has the option to extend the charter […]

  • 8 November 2019
    Business & Finance

    Norwegian offshore vessel owner Standard Drilling has reported an operating profit in the third quarter of 2019 following unrealized gain on revaluation of financial assets of $1 million.

  • 3 April 2017
    Business & Finance

    S.D. Standard Drilling has further increased its ownership in a company which holds six platform supply vessels previously owned by the financially distressed vessel owner, World Wide Supply.  S.D. Standard Drilling said on Saturday it has entered into agreements with Hof-Hoorneman Bankiers NV and Ulf Johan Rieber to acquire a total of 933,143 shares in New […]

  • 21 March 2019
    Business & Finance

    Norwegian offshore vessel owner Standard Drilling has scored three longer-term contracts for its platform supply vessels.

  • 13 October 2017

    S.D Standard Drilling has invested into two more platform supply vessels (PSVs). The company, which used to be an offshore drilling contractor, entered the PSV market in August last year with the acquisition of 20 percent stake in PSV Opportunity I DIS for $2.4 million, which owns three mid-sized PSV vessels built in 2005 and […]

  • 22 January 2019
    Business & Finance

    S.D. Standard Drilling has secured term contracts for all five of its large platform supply vessels with potential for entire winter coverage for all its large size vessels. 

  • 13 November 2017

    S.D. Standard Drilling has taken delivery of two large platform supply vessels (PSVs), increasing its fleet to 18.

  • 19 November 2019

    Norway-based offshore vessel owning company Standard Drilling has agreed to sell its Standard Supporter platform supply vessel for $15 million.

  • 12 August 2016

    Standard Drilling, the used-to-be drilling contractor, is moving into the offshore support vessels sector. More precisely, the company has entered the platform supply vessel market with the acquisition of 20 percent stake in PSV Opportunity I DIS for $2.4 million. PSV owns three mid-sized PSV vessels (VS 470 MK II). The vessels were built at […]

  • 10 December 2019

    Norway-based offshore vessel owning company Standard Drilling has completed the sale of its platform supplier Standard Supporter.

  • 2 October 2019

    Norwegian offshore vessel owner Standard Drilling has entered into a memorandum of agreement to sell one of its platform supply vessels.

  • 15 March 2018

    S.D Standard Drilling has invested $1.72 million corresponding to 25.5% of two PSVs, increasing the fleet to 20 vessels.

  • 13 June 2017
    Business & Finance

    Cyprus-based S.D. Standard Drilling has named a new chief financial officer with effect from July 1, 2017. The company previously announced that Espen Lundaas, the interim CFO of Standard Drilling, was considering resigning from his position due to other commitments. Standard Drilling said on Monday that Christos Neocleous has now been appointed as the new CFO […]

  • 19 January 2017
    Business & Finance

    S.D. Standard Drilling has made plans to buy three large Norwegian-built platform supply vessels (PSVs) on a wholly owned basis, increasing its fleet to 10 PSVs.  The company informed on Thursday that, through wholly owned subsidiaries, it has agreed to acquire the three ST-216L CD PSVs Volstad Viking, Volstad Supplier and Volstad Princess from Volstad Shipping. […]

  • 25 April 2019

    S.D. Standard Drilling has bought a platform supply vessel of a Havyard 832 design for just a little over $8 million. 

  • 17 July 2017
    Business & Finance

    One of three large S.D. Standard Drilling’s (SDSD) platform supply vessels (PSVs) has begun a one-year term charter with energy logistics provider Peterson. The vessel owner said on Monday that the vessel in question was the PSV Standard Viking. According to SDSD, Peterson has the option to extend the term charter by two one-year deals […]

  • 17 June 2015
    Exploration & Production

    Saga Tankers has launched a mandatory takeover offer for the Oslo-listed Standard Drilling, a former drilling contractor, now an investment firm. The company owns 59.93 per cent of the total issued and outstanding shares of Standard Drilling, and is now looking to acquire the remaining shares. Saga Tankers is offering NOK 1.35 per share in cash. The offer price […]

  • 23 November 2018

    Standard Drilling has increased its ownership stake in New World Supply (NWS) and four of its platform supply vessels.

  • 22 March 2017

    S.D. Standard Drilling has increased its stake in a company which owns six platform suppliers previously owned by World Wide Supply, a financially distressed offshore vessel owner. S.D. Standard Drilling informed on Wednesday it has entered into an agreement with Royal London Asset Management (RLAM) to acquire 2,500,000 shares in New World Supply (NWS), corresponding […]

  • 15 September 2014
    Business & Finance

    S.D. Standard Drilling is getting back into the drilling rigs game, but this time as an investor.

  • 25 January 2017
    Business & Finance

    S.D. Standard Drilling has secured 15.6% ownership in New World Supply, a Cayman Island exempted company that, through its wholly owned subsidiaries, owns six platform supply vessels. The company recently increased its fleet to ten PSVs after buying three large Norwegian-built PSVs from Volstad Shipping. Standard Drilling said on Wednesday that the six new vessels are all […]

  • 8 March 2013

    Standard Drilling (SDSD) has signed a separation agreement with its COO, Mike Kelley. Kelley will be relieved from his day-today responsibilities with immediate effect but will remain at the Company’s disposal until August 2013. Standard Drilling CEO, Martin Nes, says : “In light of the recent rig new build sales transactions executed by SDSD Plc. and its subsidiary companies, SDSD will not […]