Standard Drilling ASA Company News

Recent Articles

Results 17 articles shown

PCPP Nixes Drilling Contract for Naga 2 Jackup Offshore Sarawak
Standard Drilling has secured a contract for the provision of the jackup Naga 2 for PCPP's Block SK 305 exploration and development drilling programs, offshore Sarawak.
8:00 PM EST | July 06, 2009
Standard Drilling Elects Rune Steen as New CEO in Singapore
Standard Drilling ASA has hired Mr. Rune Steen as new CEO effective June 1, 2009. Mr. Steen would be located in Singapore close to the operation of the two jointly owned drilling rigs, Naga 2 and Naga 3.
8:00 PM EST | May 26, 2009
UMW, Standard JV Inks 3-Year Deal with PCPP for NAGA 2's Services
UMW Standard Drilling Sdn Bhd signed a three year contract worth USD$170-180 million with PCPP for the services related to the new high-spec-high-efficiency, jackup drilling rig NAGA 2.
8:00 PM EST | August 11, 2008
Standard Drilling Proposes NOK3.60 Payback of Share Capital
After the General Meeting decision there will be a normal 2 months creditor notice period time before payment can be effectuated.
7:00 PM EST | February 18, 2008
Standard Drilling Enters Deal to Sell Two Jackups
Standard Drilling has signed an agreement with a major international drilling contractor to buy Rig 2 (L202) for US $215 million with an option to buy Rig 4 (L204) for US $185 million.
8:00 PM EST | October 30, 2007
Standard Drilling's MoU for Jackup Sale Expires
Standard Drilling says that the previously entered Memorandum of Understanding with an international offshore drilling contractor has expired.
8:00 PM EST | September 30, 2007
Standard Drilling Signs MoU to Sell Jackups
Standard Drilling has signed a MoU with an international offshore drilling contrct to sell the L 202 with an option to sell the L 204.
8:00 PM EST | September 04, 2007
Standard Charter to Acquire Harrison Lovegrove
Standard Chartered has today entered into an agreement to acquire Harrison Lovegrove & Co. Limited.
8:00 PM EST | September 04, 2007
Standard Drilling Report 1H07 Results
Standard Drilling ASA recorded a profit before tax of US $10.4 million during the first half of 2007. Total balance is US $193.6 million and equity is US $109 million.
8:00 PM EST | August 28, 2007
UMW to Invest $90 Million in the Naga 3 Jackup
UMW Holdings Bhd will invest about US $90 million for the Naga 3, a new generation jackup, which is slated for completion in 2009.
8:00 PM EST | June 12, 2007
Standard Drilling & UMW Petropipe Finalize Joint Venture
Standard Drilling ASA and UMW Petropipe have now signed a sale and purchase agreement and an option agreement respectively for the two rigs, Naga 2 and Naga 3.
7:00 PM EST | January 22, 2007
Standard Drilling Extends Letter of Intent with UMW Petropipe
Standard Drilling reports that the previously announced letter of intent with UMW Petropipe (L) Ltd has been extended through the end of January 2007.
7:00 PM EST | December 27, 2006
Standard Drilling Secures Financing
Standard Drilling ASA has signed a commitment letter with respect to a Senior Secured Credit Facility for financing of two rigs (rig no. 1 & 3), each US $60 million, in total US $120 million.
7:00 PM EST | December 11, 2006
Standard Drilling Inks LOI with UMW Petropipe
Standard Drilling has entered into a Letter of Intent with a wholly-owned subsidiary of the UMW Group, UMW Petropipe (L) Ltd regarding ownership, marketing and operation of two jackup rigs.
7:00 PM EST | November 07, 2006
Standard Drilling Exercises Option for Two Additional Jackups
Standard Drilling has decided to exercise its option to build two additional jackup rigs of the Gusto MSC CJ-46-X100D design. The rigs will be built by Labroy Offshore.
8:00 PM EST | October 03, 2006
Standard Drilling Completes Private Placement
Standard Drilling has resolved to issue 6,600,000 ordinary shares each at a par value of NOK 0.01 per share. The shares were subscribed for at a subscription price of NOK 4.25 per share raising gross proceeds of approx. NOK 198 million.
8:00 PM EST | September 14, 2006
Standard Drilling to Raise $30 Million in Private Placement
Standard Drilling ASA has retained Carnegie ASA and Pareto Securities ASA to advise on and effect a private placement directed towards professional and international investors by raising gross proceeds of up to US $30 million.
8:00 PM EST | September 13, 2006