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PetroMena Company News
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Jurong Shipyard Exercises Right to Sell Petrorig I
Jurong Shipyard has completed construction of the Petrorig I. However, as final payment was not made to JSPL under the construction contract, JSPL has terminated the contract and elected to sell the rig.
8:00 PM EST | April 28, 2009
PetroMena Denies Default on PetroRigs I & III
PetroMena received notice of default for bond loans for PetroRig I and PetroRig III. The company rejects that any default exists.
8:00 PM EST | April 05, 2009
Seadrill Snaps Up Stake in Petromena's Bond Loan for 2 Deepwater Rigs
Seadrill has acquired 80.2% interest in the Petromena's bond loan secured in two new deepwater rigs that have scheduled deliveries from the Jurong shipyard in April and September of this year.
8:00 PM EST | March 29, 2009
International Drilling Contractor Buys Petrorig I for $450MM
Petrorig has signed a Memorandum of Understanding with an international drilling contractor for the sale of the drilling rig Petrorig I for $450 million.
8:00 PM EST | March 26, 2009
Petromena Continues to Look for Financing
The bondholders' meetings in the NOKm 2,000 Loan and the USDm 264 Loan voted in favor of the proposal.
8:00 PM EST | March 11, 2009
PetroMena Postpones $105MM Yard Installment
PetroMena will postpone the second last yard installment for Petrorig 3 until the rig is delivered. The Company is also working to secure financing for the remaining funding need for Petrorig 1.
7:00 PM EST | February 16, 2009
Petrolia Drilling Posts 3Q Preliminary Results
Petrolia Drilling has reported on its invesments PetroMena, Venture Drilling, Petrojack, Larsen Rig and PetroProd and their preliminary financial results for the third quarter 2008.
7:00 PM EST | November 17, 2008
PetroMENA Announces Planned Private Placement
PetroMENA intends to place a private placement of up to 13,430,000 new shares, approximately 9.9% of the existing number of shares, offered to professional Norwegian and international investors.
8:00 PM EST | June 11, 2008
PetroMENA Acquires Petrolia Semisub
PetroMENA has purchased the semisubmersible drilling rig "Petrolia" from Petrolia Rigs AS for US $225 million.
7:00 PM EST | December 13, 2007
PetroMENA Pleased with Investor Response to Bond Issue
PetroMENA is please with the response from both Norwegian and international institutional bond investors.
8:00 PM EST | October 24, 2007
PetroMENA to Buy Rig for $225 Million
PetroMENA has formed a new subsidiary, PetroRig IV AS, which will acquire the the semisub SS Petrolia from Petrolia Drilling AS.
8:00 PM EST | October 22, 2007
PetroRig III Wins Pemex Contract
Pemex has awarded PetroMENA a five year contract for the PetroRig III. The contract is expected to start in 2010.
8:00 PM EST | June 03, 2007
PetroMENA Releases Preliminary Results for 1Q07
PetroMENA says the net result for the first quarter 2007 was negative with MNOK -21.7, compared to MNOK -10.6 in Q1 2006.
8:00 PM EST | May 30, 2007
Petromena: Reverse Split and Share Capital Increase
During the April 20, 2007 the Ordinary General Meeting in PetroMena AS approved that the company shall apply for a listing at the Oslo Stock Exchange, alternatively at the Oslo Axess.
8:00 PM EST | April 22, 2007
PetroMena Completes Private Placement
PetroMena AS has completed the private placement of 65,000,000 new shares (corresponding to a share capital increase of 19.2%) at a subscription price of NOK 5.10 per share.
7:00 PM EST | January 29, 2007
PetroMena Considering Private Placement
The board of directors of PetroMENA AS intends to carry out a private placement of up to 65,000,000 new shares through a private placement directed towards professional and institutional investors.
7:00 PM EST | January 28, 2007
Jurong Shipyard to Build Third Semisub for PetroMena
Jurong Shipyard has secured a repeat order to build a deepwater semisubmersible drilling rig at US$524 (S$802) million for PetroRig III Pte Ltd, a subsidiary of PetroMena AS of Norway.
7:00 PM EST | January 24, 2007
PetroMena's Bond Issue Oversubscribed
The NOK 1,600 million bond issue for Petrorig III Pte Ltd. was oversubscribed.
7:00 PM EST | January 22, 2007
PetroMena to Raise Funds Through New Bond Issue
Petrorig III Pte Ltd, a 100% owned subsidiary of PetroMena AS, intends issue a NOKm 1,600 bond in order to finance the construction of a third semi submersible drilling rig from Jurong Shipyard in Singapore.
7:00 PM EST | January 21, 2007
Petrobras Hires PetroRig 2 for Work Offshore Brazil
Petrobras has signed a five year drilling contract for work offshore Brazil with Larsen Oil and Gas Ltd of Aberdeen Scotland for the new build deepwater semisubmersible, PetroRig 2.
7:00 PM EST | January 02, 2007
PetroMena Gearing Up for Third Semisub
PetroMena's recently established Singapore subsidiary PetroRig III has entered into a prepayment agreement with Jurong Shipyard in order to secure timely delivery of critical rig components.
7:00 PM EST | November 05, 2006
Henris Inks Deal with Jurong Shipyard
Henris has recently signed new two contracts with Jurong Shipyard Pte. Ltd. to deliver the CCTV System for Petromena's PetroRig I and II semisubs.
8:00 PM EST | August 31, 2006
Petrolia Drilling Ups Stake in PetroMENA to 43%
Petrolia Drilling ASA has been allocated 22 million new shares in a PetroMENA AS private placement on August 30, 2006, at a subscription price of NOK 5.0 per share.
8:00 PM EST | August 30, 2006
PetroMENA Successfully Completes Private Placement
PetroMENA says it is pleased with the response to its recent private placement. PetroMENA will issue a total of 47,000,000 new shares at a subscription price of NOK 5.00 per share, corresponding to total gross proceeds of NOK 235.000.000.
8:00 PM EST | August 30, 2006
Petrolia Reports Preliminary Q2 Results
Petrolia Drilling ASA on Wednesday issued the following preliminary report highlighting the company's performance in the second quarter of 2006:
8:00 PM EST | August 15, 2006
PetroRig 1 Wins Five Year Contract from Petrobras
Petrobras has contracted the PetroMENA newbuild, PetroRig 1, for work in the Gulf of Mexico and offshore Brazil. The contract is for five years and is valued at US $700 million.
8:00 PM EST | August 08, 2006
Petrolia Drilling ASA to Increase Shareholding in Petromena AS
Petrolia Drilling ASA has extended a forward contract of 25,000,000 shares in Petromena AS. New delivery date for the Petromena AS shares is October 3, 2006.
8:00 PM EST | July 05, 2006
Aker Kvaerner Awarded Major Drilling Equipment Contract
Aker Kvaerner has signed a contract with Jurong Shipyard Pte. Ltd in Singapore for delivery of a drilling system for one ultra deepwater semisubmersible. The total contract value for Aker Kvaerner is approximately US $113 million.
8:00 PM EST | April 25, 2006
Petrolia Drilling Increases Stake in PetroMena
Petrolia Drilling ASA has increased its exposure to PetroMena AS through a combination of market purchases, participation in PetroMena's private placement and forward contracts.
8:00 PM EST | April 19, 2006
PetroMENA Successfully Completes Private Placement
PetroMENA's private placement was significantly over-subscribed, and the board of directors is pleased with the response from both existing shareholders and new investors.
8:00 PM EST | April 18, 2006
PetroMena Orders Second Semisub from Jurong Shipyard
Jurong Shipyard, a subsidiary of SembCorp Marine, has signed a Letter of Intent with PetroMena AS to build a second unit of a Friede & Goldman Ex-D design semisubmersible drilling rig for US$480 million.
7:00 PM EST | March 06, 2006
Aker Kvaerner to Provide Drilling System for PetroMena's Newbuild Semisub
Jurong Shipyard in Singapore has awarded Aker Kvaerner MH, a company in the Aker Kvaerner group, the contract for delivery of advanced deepwater drilling system for one semisubmersible drilling rig to PetroMena AS.
7:00 PM EST | October 30, 2005