Latest Drillship Stories
ZUG, Switzerland, July 28 /PRNewswire-FirstCall/ -- Noble Corporation (NYSE: NE) today announced that it has closed its acquisition of FDR Holdings Limited ("Frontier"). The acquisition of Frontier, formerly an independent drilling company, and previously announced agreements with Shell increase Noble's drilling fleet size to 69 from 62 units, with the addition of three dynamically positioned drillships (including two Bully-class joint venture-owned ultra-deepwater rigs under...
HOUSTON, July 26 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) (the "Company") announced today that Mr. Gary W. Casswell has been appointed by the directors to serve as President and Chief Executive Officer of the Company. (Logo: http://photos.prnewswire.com/prnh/20080415/LATU540LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20080415/LATU540LOGO) Mr. Casswell has more than 30 years industry experience, most recently serving as Vice President, Eastern Hemisphere...
HOUSTON, July 4 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that upon completion of the shipyard work announced May 3rd, the drillship Energy Searcher departed Singapore, has returned to Vietnam and has resumed operations under its drilling contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom. Operations resume with the fourth well in the five-well program provided under the contract. The final...
ZUG, Switzerland, June 28 /PRNewswire-FirstCall/ -- ANNOUNCEMENT HIGHLIGHTS: FRONTIER: Adds 6 floating drilling units to Noble's fleet, including two joint-venture owned Bully-class drillships plus an FPSOAdds estimated $3.2 billion in gross contract backlog ($2.0 billion net to Noble) over approximately 23 rig years Expected to be accretive to cash flow immediately and earnings beginning in 2011 when Bully rigs anticipated to commence operationsStrategically expands and enhances global...
HOUSTON, June 14 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company has repaid in full the US$100 million Bond Loan, which matured today. (Logo: http://photos.prnewswire.com/prnh/20080415/LATU540LOGO) The company drew down US$80 million of its US$120 million Secured Revolving Credit Facility ("the Facility"), which together with cash on hand, was used to retire the debt, as well as accrued interest and fees. The total debt outstanding...
HOUSTON, May 10 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company's Senior Vice President and Chief Financial Officer, Michael R. Dawson, has resigned from the company. (Logo: http://www.newscom.com/cgi-bin/prnh/20080415/LATU540LOGO) Mr. Dawson joined the company in early 2008 and has indicated that he plans to retire. The Board of Directors of the company thanks Mr. Dawson for his contributions and dedicated service and wishes him...
HOUSTON, May 3 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that upon completion of the third well of a five-well drilling program for VietGazprom offshore Vietnam, the drillship Energy Searcher underwent an inspection that identified repairs needed to the ship's hull prior to the rig returning to drilling operations. The company intends to move the rig to Singapore to make the necessary repairs. Although preliminary and subject to further...
HOUSTON, April 28 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) said today that the company had closed on the US$120 million Secured Revolving Credit Facility ("the Facility") announced on April 26, 2010. (Logo: http://www.newscom.com/cgi-bin/prnh/20080415/LATU540LOGO) The company drew down US$20 million, which together with cash on hand, was used to retire the remaining outstanding US$30 million balance of the company's US$300 million Secured Term Loan. The...
HOUSTON, March 15 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) announced today that the company and its lenders had executed an amendment to their US$300 million Secured Term Loan Facility Agreement. The amendment calls for a payment of US$67.5 million, rather than US$ 97.5 million, on the original maturity date and extends the payment of up to US$30 million plus accrued interest until no later than May 14, 2010. The rate on the extended outstanding balance of the...
HOUSTON, Feb. 2 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) announced today that Ms. Cecilie Fredriksen has been selected by the current directors to fill one of the vacant positions on the board. (Logo: http://www.newscom.com/cgi-bin/prnh/20080415/LATU540LOGO) Ms. Fredriksen is currently employed by Frontline Corporate Services in London and serves as a director on the board of several companies including Activ Kapital, Ship Finance International Limited and...
