Equinor extends drilling contracts with Archer, KCA Deutag and Odfjell Drilling
Equinor (OSLO: EQNR) is exercising options worth £663 million to extend drilling contracts with Archer, KCA Deutag and Odfjell Drilling.
Archer
Archer posts £5.6m loss in Q3
Oilfield services firm Archer has posted a pre-tax loss of around £5.6 million for the third quarter of 2021, as COVID continues to impact operations.
Archer putting £15m into DeepWell acquisition
Drilling contractor Archer is buying Norwegian well intervention company DeepWell for £15 million.
‘Extreme year’ delivers ‘solid results’ for Archer
Oilfield services firm Archer has delivered what it describes as “solid results” in an “extreme year”.
Equinor awards wireline deals to Archer and Altus
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Archer predicts 10-15% revenue drop in 2020
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 appoints CFO who was replaced amid Weatherford bankruptcy
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
Archer wins big North Sea contract extension with Apache
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 firm Archer posts first-half profit despite Covid hit
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.
Archer boosted by Taqa decommissioning contract awards
Taqa has picked Archer rig to carry out a 21-well plug and abandonment campaign in the northern sector of the UK North Sea.
Archer cutting 12-15% of global workforce and pays millions for UK redundancies
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.
Archer finances ‘robust’ after completing debt refinancing
Drilling contractor Archer has said a newly-completed debt refinancing will help it withstand a “meaningful drop in activity”.
Drilling jobs carnage shows UK oil industry in ‘crisis’
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.
Archer crew made redundant as Apache scales back drilling operations
Drilling contractor Archer is understood to have laid off another 60 offshore workers following a client’s decision to cut activity levels.
Updated: Trade union disgust as Archer plans 130 North Sea job losses
A trade union has claimed drilling contractor Archer intends to make 130 North Sea workers redundant.
Nearly 50 jobs at risk as North Sea operator takes steps to prevent virus outbreak
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 wins £155m land drilling deal in Argentina
Archer has won a £155 million land drilling contract with Argentina's YPF.
Archer wins Aker BP extension deal for Valhall and Ula platforms
Archer Platform Drilling has announced its success in obtaining an extension deal from Aker BP for two North Sea platforms.
Pair of new directors hired at Nucore
Aberdeen-based Nucore Group has announced the appointment of two new directors.
Jobs ‘at risk’ as Shell pulls plug on Archer deal
Archer said yesterday that it is looking for opportunities to redeploy crew after Shell decided to terminate early a North Sea well decommissioning contract.
North Sea drillers snub ‘inferior’ pay offer from ‘breakaway group’
Scores of offshore drillers have rejected an "inferior" pay offer from a group of companies accused of snubbing a collective agreement.
‘Breakaway’ drilling contractors condemned by union over ‘inferior offer’
A "breakaway" group of drilling contractors looking to offer different terms to workers have been condemned by a trade union.
Archer wins platform drilling services deal with Chevron in North Sea
Archer has won a new five-year deal to provide platform drilling services for Chevron North Sea.
Archer CEO stands down
The chief executive of oilfield services firm Archer has stood down.
Updated: Archer hails 2018 as year of growth, despite posting loss
Bosses at Archer hailed 2018 as a year of growth for the energy services firm.