Search results for: west

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  • 22 November 2016
    Exploration & Production

    North Atlantic Drilling Limited (NADL), a provider of harsh environment offshore drilling units, and a subsidiary of Seadrill, sees the near-term demand for its services as “extremely challenging.” The company posted a revenue of $136.7 million , down from $194.4 million in the third quarter of 2015, as the contract of its West Phoenix and […]

  • 12 July 2017
    Exploration & Production

    Private equity investment firm Castle Harlan and its partners, Champ Private Equity and Lime Rock Partners, have supported Shelf Drilling in a recent acquisition of three premium jack-up rigs, and the investors are eager to support further fleet expansion if the price is right. The acquisition of the rigs in the Middle East has been […]

  • 2 April 2014
    Business & Finance

    Seadrill Limited has secured new contracts for the jack-up drilling rigs West Tucana, West Telesto, West Ariel, and West Prospero.   Additionally, the contract for the West Mischief has been extended by four months. The total revenue potential for the four new contracts and one extension is approximately US$319 million. The West Tucana, a Friede […]

  • 2 April 2014
    Business & Finance

    Seadrill Limited has secured new contracts for the jack-up units West Tucana, West Telesto, West Ariel, and West Prospero. Additionally, the contract for the West Mischief has been extended by four months. The total revenue potential for the four new contracts and one extension is approximately US$319 million. The West Tucana has secured a contract […]

  • 7 March 2006

    Overnight the Volvo Ocean Race fleet has been floundering in pockets of little or no wind. The five yachts first started snaking around to the northwest as they hit the wall of no wind, before gybing back to the west when what little wind there was had changed direction.

  • 28 February 2019

    Billionaire John Fredriksen’s offshore drilling company Northern Drilling feels offshore drilling market is on a recovery path, and the company is optimistic about future as clients prefer modern high-spec rigs, of which the company has four, with an option for one more.

  • 3 December 2013

    Seadrill Limited announced today that it has entered into an agreement with Seadrill Partners pursuant to which the Company will sell to (i) Seadrill Operating LP, the Company’s 70% owned subsidiary (“Seadrill Operating”), all of the ownership interests in the entities that own and operate the semi-submersible drilling rig, the West Leo  , and (ii) […]

  • 16 November 2016
    Exploration & Production

    Offshore driller Seadrill Limited has reached a deal with the lenders under the West Eminence loan and the requisite majority of lenders under all of its other bank loans to extend the loan maturity date. According to the company’s statement on Wednesday, the maturity date of the loan related to the West Eminence drilling rig will […]

  • 5 July 2018
    Exploration & Production

    Offshore drilling specialist Seadrill Partners has secured a contract with Shell for one of its drillships.

  • 18 September 2018
    Exploration & Production

    Oil company ExxonMobil has chartered Seadrill Partners’ semi-submersible drilling rig for an offshore well in Canada.

  • 17 August 2015
    Exploration & Production

    Norwegian petroleum safety watchdog has completed its probe into a dropped object incident which happened on an offshore rig in March. The incident happened on North Atlantic Drilling’s West Venture semi-submersible drilling rig right before midnight on March 23, 2015, while the rig was working on the Troll field in the Norwegian sector of the […]

  • 7 February 2019
    Business & Finance

    The Environment Agency and West Dorset District Council have partnered up to work on new multi-million pound sea defenses at West Bay, Bridport, West Dorset. West Dorset District Council Planning Committee last month unanimously approved the proposal to install new sea defenses at East Beach and West Beach. The beach defenses protect 148 residential properties, […]

  • 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 […]

  • 17 January 2013
    Business & Finance

    Tullow plc has exercised its contractual option to extend the contract for the ultra-deepwater semi-submersible rig West Leo by two years from May 2016 to May 2018. The West Leo is expected to carry out operations in West Africa until the end of its contract in May 2018. The potential contract revenue for the extension […]

  • 18 July 2019
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill Limited has secured a contract for the West Gemini drillship in West Africa.

  • 2 February 2015

    The double digit growth at the West Mediterranean hubs is likely to be cut as the development of deep water hub ports in the Gulf of Guinea gains momentum,according to UK shipping consultant Drewry.  Mediterranean ports like Morocco’s Tanger Med transshipment hub or Algeciras have recorded a significant growth over the last few years. Volumes at Tanger […]

  • 19 January 2011

    The possible widening of Key West’s main channel to accommodate the massive cruise ships now being introduced to the industry will be a … BY MANDY MILES (keysnews) [mappress] Source: keysnews, January 19, 2011;

  • 29 October 2015
    Business & Finance

    The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million (USD 218 million) to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador. Société Nador West Med (NWM), a state-owned limited […]

  • 29 October 2015
    Business & Finance

    The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million (USD 218 million) to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador. Société Nador West Med (NWM), a state-owned limited […]

  • 10 September 2008

    After further drilling the West Franklin field in the UK North Sea operator Total said it could increase the reserves potential of the find towards 200 m boe. Described as the deepest high pressure and high temperature field in the UK North Sea, West Franklin in blocks 29/5b and 29/4d was originally discovered in 2003 […]

  • 20 February 2017
    Business & Finance, Project & Tenders

    West Dorset District Council recently appointed Raymond Brown Construction to carry out works that will strengthen the quay walls at West Bay’s deep water berth. The project is set to begin today and will run for around 16 weeks. According to the council, normal working hours will be Monday to Friday between 7.30am and 6pm, while […]

  • 13 March 2017
    Business & Finance

    Dredging operations in West Bay were brought to an unexpected stop this past weekend after one of the digging machines became submerged in the water. The excavator was finally recovered last night, according to a statement on the official Bridport Harbor Facebook page. Slades of Chard, Bride Valley Motors, Apex Divers and Axminster Excavators were all involved […]