Vantage Drilling Co. Company News

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Results 38 articles shown

Vantage Drilling to Operate Seadrill Rigs
Units of Vantage will manage, operate, and market four Seadrill deepwater floaters.
8:00 PM EST | March 21, 2021
Vantage Drilling Secures $109MM Contract
India-based ONGC has contracted the ultra-deepwater drillship Platinum Explorer for two more years.
7:00 PM EST | February 04, 2021
180-day Eni Contract Goes to Vantage
Eni Montenegro BV is contracting the Topaz Driller premium jack-up rig from Vantage Drilling International offshore Montenegro for 180 days.
8:00 PM EST | July 01, 2020
Deepwater Egypt Contract Goes to ADES-Vantage JV
The Tungsten Explorer drillship. PHOTO SOURCE: Vantage Drilling International
7:00 PM EST | March 07, 2019
Vantage Drilling Appoints Ihab Toma as CEO
Vantage Drilling appoints industry veteran Ihab Toma as its new chief executive officer.
8:00 PM EST | August 11, 2016
Former Petrobras Exec Sentenced Over Vantage Drilling Contract
A Brazilian judge sentences the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering, part of the country's largest-ever graft investigation.
7:00 PM EST | January 31, 2016
Vantage Says Reaches Deal with Lenders, Unit to File for Bankruptcy
Offshore driller Vantage Drilling Co says it reached a support agreement with lenders and noteholders holding more than $1.6 billion in debt to reduce interest expense but one of its units will file for U.S. bankruptcy on Dec. 3.
7:00 PM EST | December 02, 2015
Vantage Drilling Co. Closes GOM Plant, Lays Off 135 Workers
Vantage Drilling is laying off 135 workers in the Gulf of Mexico.
8:00 PM EST | October 26, 2015
DSME Terminates Building Contract for Cobalt Explorer Drillship
Daewoo Shipbuilding and Marine Engineering terminates a construction contract for Cobalt Explorer drillship.
8:00 PM EST | August 19, 2015
Tungsten Explorer Commences Work in Southeast Asia
Vantage Drilling announces that the Tungsten Explorer drillship has commenced initial operations in Southeast Asia.
8:00 PM EST | September 23, 2013
TTS Signs Deal to Supply Drillship Crane Package to DMSE
TTS Group's subsidiary signs contract to supply a drillship crane package to Daewoo Shipbuilding & Marine Engineering.
8:00 PM EST | August 26, 2013
Tungsten Explorer to Start Work in Southeast Asia Soon
Vantage Drilling's newbuild Tungsten Explorer (UDW drillship) will begin work soon for a project in Southeast Asia.
8:00 PM EST | June 26, 2013
Rialto Energy, Vantage Drilling Agree to $12.4M Settlement
Under the terms of the settlement, Rialto will pay Vantage an amount equivalent to 75 days of an operating rate.
8:00 PM EST | April 30, 2013
Vantage Drilling Lines Up Gig for Tungsten Explorer
Vantage Drilling receives a conditional letter of award for its newbuild drillship the Tungsten Explorer to work in West Africa.
7:00 PM EST | January 21, 2013
Vantage Enters JV for Drillship Construction
Vantage Drilling Company enters joint venture with an affiliate of Skeie Group and other investors to construct a new, high specification drillship at STX Offshore & Shipbuilding Co. Ltd.'s yard in South Korea.
7:00 PM EST | November 19, 2012
Rialto Awards Block CI-202 FEED Contract to Petrofrac
Rialto Energy awards a Front End Engineering Design contract for Block CI-202 on the Gazelle field to Petrofrac as part of its project to fast track first hydrocarbons.
8:00 PM EST | June 25, 2012
Sonardyne Takes First Order for DP-INS on Vantage's Dragonquest
Sonardyne International has taken its first order for a Dynamic Positioning Inertial Navigation System (DP-INS).
7:00 PM EST | January 30, 2012
Aker Wins Daewoo Contract for New Deepwater Drillship
Aker Solutions has won a contract from Daewoo to supply a complete drilling equipment package for a new deepwater drillship.
8:00 PM EST | June 16, 2011
Vantage Proposes Senior Notes Offer
Vantage subsidiary intends to offer $225.0 million in aggregate principal amount of 11 % Senior Secured First Lien Notes.
8:00 PM EST | May 19, 2011
Daewoo to Build Vantage Ultra-Deepwater Drillship
Vantage Drilling Company has entered into an agreement with Daewoo Shipbuilding and Marine Engineering Co., Ltd ("DSME") to construct an ultra-deepwater drillship further expanding the Company's ultra-deepwater drilling fleet.
8:00 PM EST | May 09, 2011
Vantage to Provide Construction Management Services for Aker Drillships
Vantage has signed a definitive agreement to provide services related to design, construction and commissioning on behalf of Aker of two Ultra deepwater drillships being built at Daewoo.
7:00 PM EST | March 09, 2011
Vantage Updates Jackup Fleet
Vantage has entered into a letter of intent for the Sapphire Driller, subject to final customer approval for a three well drilling program in West Africa, with an option for a fourth well.
7:00 PM EST | January 10, 2011
Platinum Explorer Spins Bit Offshore India
Vantage announced that the ultra-deepwater drillship, Platinum Explorer, commenced operations for ONGC.
7:00 PM EST | December 29, 2010
VAALCO on Track with Gabon Development Program
VAALCO has successfully drilled and completed Etame 7H and has now spudded the next well in its Gabon development program.
8:00 PM EST | October 04, 2010
Vantage Closes Offerings, Acquires Mandarin Drilling
Vantage Drilling announced the closing of the previously announced concurrent offerings by Offshore Group Investment. The net proceeds from these Offerings are being used to acquire from F3 Capital the remaining 55% interest in Mandarin Drilling.
8:00 PM EST | August 02, 2010
Vantage Prices Offering of Senior Secured Notes
Vantage has priced an offering of $1.0 billion aggregate principal amount of 11.500% Senior Secured First Lien Notes.
8:00 PM EST | July 26, 2010
Vantage to Manage Construction of Dalian Developer
Vantage Drilling has signed a definitive agreement to supervise and manage the construction and marketing of an Ultra-deepwater Drillship/FPSO.
8:00 PM EST | July 20, 2010
Vantage Drilling Proposes $960MM of Senior Secured Notes
Vantage Drilling announced that it intends to offer, subject to market and other conditions, $960.0 million in aggregate principal amount of Senior Secured Notes.
8:00 PM EST | July 19, 2010
Vantage to Acquire Full Ownership of Platinum Explorer
Vantage will acquire the remaining 55% ownership interest in Mandarin Drilling for $139.65MM. Upon closing of this transaction the Company will be responsible for funding the remaining construction-related payments for the Platinum Explorer.
8:00 PM EST | July 06, 2010
Analysis: Vantage Drilling on Pace for a Profitable Year
Vantage Drilling is a relatively new player in the offshore rig market, but is headed up by an experienced management team. Rigzone takes a closer look at the company's fleet of high specification mobile offshore drilling units.
8:00 PM EST | April 18, 2010
Vantage Drilling Deployed Four New Jackups in '09
Paul Bragg, President and Chief Executive Officer, commented, "The Company took giant strides in 2009."
8:00 PM EST | March 15, 2010
Vantage Drilling Prices Public Offering
Vantage Drilling has priced its public offering of 30,000,000 of its ordinary shares at a price to the public of $1.49 per share.
7:00 PM EST | January 21, 2010
Topaz Driller Wins March 2010 Contract in Southeast Asia
Vantage's ultra-premium jackup rig, the Topaz Driller, has a Letter of Award for a drilling program in Southeast Asia consisting of three wells plus an option well.
7:00 PM EST | January 12, 2010
Vantage Closes $135MM Offering to Fund Topaz Driller
Vantage has closed its offering of $135.0 million aggregate principal amount of 13 1/2% Senior Secured Notes due 2013.
7:00 PM EST | December 22, 2009
Vantage Drilling's Subsidiary Prices Offering of $135MM
Vantage Drilling's wholly-owned subsidiary has priced an offering of $135.0 million aggregate principal amount of 13 1/2% Senior Secured Notes due 2013.
7:00 PM EST | December 17, 2009
PPL Shipyard Delivers Aquamarine Driller Ahead of Schedule
PPL Shipyard has successfully delivered the Aquamarine Driller, a ultra-premium high-spec jackup rig ordered by Vantage Drilling Company, two months ahead of schedule.
8:00 PM EST | September 07, 2009
Vantage Reports on LOI for Ultra-Premium Jackup
Vantage announced the signing of a letter of intent for a drilling contract for one of its ultra-premium jackup rigs.
8:00 PM EST | August 31, 2009
Vantage Drilling Prices Public Offering
Vantage Drilling Co. announced Thursday that it has priced its public offering of 48,387,000 of its ordinary shares at a price to the public of $1.55 per share.
8:00 PM EST | August 26, 2009