Drilling contractor Archer is buying Norwegian well intervention company DeepWell for £15 million.
Oilfield services firm Archer has delivered what it describes as “solid results” in an “extreme year”.
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Archer has predicted an uptick in activity in the fourth quarter, but this is unlikely to prevent a double-digit percentage drop in annual revenues for the drilling services firm.
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
Archer has clinched a four-year contract extension worth up to £78.6 million to provide Apache's UK North Sea business with platform drilling operations and maintenance services.
Drilling services firm Archer made pre-tax profits of £2.3 million in the first half of 2020 despite being hit hard by the Covid-19 pandemic and low oil price.
Taqa has picked Archer rig to carry out a 21-well plug and abandonment campaign in the northern sector of the UK North Sea.
Drilling contractor Archer is to cut between 12-15% of its global workforce of 5,000 as a result of the oil price crash and Covid-19 pandemic.
Drilling contractor Archer has said a newly-completed debt refinancing will help it withstand a “meaningful drop in activity”.
The UK oil and gas industry is in the grip of a “crisis” that could jeopardise North Sea production and the energy transition, a trade union boss has warned.
Drilling contractor Archer is understood to have laid off another 60 offshore workers following a client’s decision to cut activity levels.
A trade union has claimed drilling contractor Archer intends to make 130 North Sea workers redundant.
Nearly 50 offshore jobs at drilling contractor Archer are at risk due to client Ithaca Energy’s plans to reduce activity levels and crews on two central North Sea platforms.
Archer has won a £155 million land drilling contract with Argentina's YPF.
Archer Platform Drilling has announced its success in obtaining an extension deal from Aker BP for two North Sea platforms.
Aberdeen-based Nucore Group has announced the appointment of two new directors.
Archer said yesterday that it is looking for opportunities to redeploy crew after Shell decided to terminate early a North Sea well decommissioning contract.
Scores of offshore drillers have rejected an "inferior" pay offer from a group of companies accused of snubbing a collective agreement.
A "breakaway" group of drilling contractors looking to offer different terms to workers have been condemned by a trade union.
Archer has won a new five-year deal to provide platform drilling services for Chevron North Sea.
The chief executive of oilfield services firm Archer has stood down.
Bosses at Archer hailed 2018 as a year of growth for the energy services firm.
A cluster of oil and gas industry firms is taking root at a growing business park in Blackburn, Aberdeen, as the offshore sector continues its recovery.
Energy services firm Archer has said UK activity remains low as it posted a small profit for the third quarter of the year.