Smedvig ASA Company News

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Well Plugging Starts in Pioneering North Sea Field
Plugging operations began last month in conjunction with the planned shutdown of the Veslefrikk field. PHOTO SOURCE: Øyvind Hagen/Equinor
7:00 PM EST | February 22, 2021
Seadrill Takes a Financial Hit from Contractor Investments
After identifying losses of $687 million from investments in offshore drilling contractors, Seadrill will in its fourth quarter 2008 income statement recognize a loss of $35 million.
7:00 PM EST | February 22, 2009
Endeavour Enters $40 Million Strategic Investment with Smedvig
"This is a significant step forward in the improvement of the capital structure for Endeavour. We expect to use the initial Smedvig Family funding to pay down higher cost debt and lower the company's overall cost of capital...."
7:00 PM EST | December 25, 2007
Smedvig is History, from Today It's Seadrill
After more than 30 years' service with drilling operations all over the world, the Smedvig name is disappearing. Smedvig and Seadrill have been merged into one company.
8:00 PM EST | May 31, 2006
SeaDrill: Compulsory Acquisition and Delisting of Smedvig ASA
The Board of SeaDrill Limited has recently met and discussed the organization and strategy of the SeaDrill Group's activities following its successful acquisition of Smedvig.
8:00 PM EST | April 19, 2006
SeaDrill Completes Smedvig Takeover
After the expiry of the Offer period, SeaDrill Limited has received acceptances for a total of 25,261,260 class A-shares and 10,024,309 class B-shares, equaling 47.0% of the Smedvig asa votes and 35.8% of the Smedvig capital.
8:00 PM EST | April 02, 2006
Smedvig Secures Extension for T-3 in Thailand
The T-3 has received a contract extension from PTTEP for work in the Gulf of Thailand through June 2012.
7:00 PM EST | March 28, 2006
SeaDrill Launches Smedvig Tender Offer in US
SeaDrill is offering to buy all Class A Ordinary Shares, Class A American Depositary Shares, Class B Ordinary Shares, and Class B American Depositary Shares of the Norwegian drilling contractor Smedvig.
7:00 PM EST | March 27, 2006
Smedvig Takes Neutral Stance on SeaDrill Offer
The independent committee established to evaluate SeaDrill's offer to buy outstanding shares of Smedvig has decided to remain neutral to the offer and not make any recommendations to shareholders.
7:00 PM EST | March 19, 2006
SeaDrill Begins U.S. Tender Offer for Outstanding Smedvig Shares
SeaDrill has commenced a tender offer in the United States for all Class A Ordinary Shares, Class A American Depositary Shares, Class B Ordinary Shares and Class B American Depositary Shares of Smedvig ASA.
7:00 PM EST | March 05, 2006
Smedvig to Supervise Construction of SeaDrill Newbuild Units
Smedvig has entered into an agreement with SeaDrill Limited for construction supervision and marketing of four semisubmersible drilling units currently under construction in Singapore and South Korea.
7:00 PM EST | February 22, 2006
SeaDrill Awaiting Approval of Mandatory Offer on Smedvig Shares
SeaDrill has submitted a mandatory offer document to the Oslo Stock Exchange but the approval process has not yet been completed. The mandatory offer is expected commence without delay after the final approval of the documentation.
7:00 PM EST | February 19, 2006
Smedvig Reports Preliminary Results for 2005
Smedvig reports preliminary operating profit for 2005 of NOK 1,272 million as compared to NOK 624 million in the previous year.
7:00 PM EST | February 15, 2006
Three Year Assignment for West E-drill
Smedvig has, as manager for Eastern Drilling ASA, obtained a letter of intent by a reputable operator for the assignment of the 6th generation semisubmersible drilling unit, West E-drill.
7:00 PM EST | February 05, 2006
SeaDrill Scoops Up Smedvig
SeaDrill says, based on acceptances received under the Voluntary Offer on Smedvig, that it has control of more than 50% of the SME (A-class shares) and therefore more than 50% of the total number of votes in Smedvig.
7:00 PM EST | January 19, 2006
Halt in Operations for West Navigator
Smedvig's West Navigator has experienced a 10-day halt in operations due to repair work on the unit's blow out preventer (BOP).
7:00 PM EST | January 16, 2006
Smedvig to Build New Tender Rig in Southeast Asia
Smedvig has entered into an agreement with Malaysia Marine & Heavy Engineering Sdn Bnd in South Malaysia for the purpose of building a new self erecting tender rig, T-10.
7:00 PM EST | January 16, 2006
Smedvig Lands New Contract for Teknik Berkat
Smedvig has been awarded a new contract by Carigali Triton for the tender rig Teknik Berkat.
7:00 PM EST | January 16, 2006
Smedvig Board Recommends Shareholders Accept SeaDrill's Offer
The Smedvig Board of Directors unanimously recommends the shareholders to accept SeaDrill Limited's voluntary offer to acquire all outstanding shares.
7:00 PM EST | January 11, 2006
SeaDrill Extends Offer Period for Smedvig Shares
SeaDrill Limited said on January 9, 2006 that it would make an offer for outstanding shares in Smedvig ASA.
7:00 PM EST | January 09, 2006
SeaDrill Makes Voluntary Offer for All Outstanding Shares in Smedvig
SeaDrill Limited announces a voluntary offer for all the outstanding shares in Smedvig ASA.
7:00 PM EST | January 08, 2006
Smedvig Announces Conditional Sale of Own A Shares
Smedvig has accepted a conditional offer to sell to SeaDrill Limited 1,025,000 of own Class A shares, on the basis that all shareholders are receiving an offer.
7:00 PM EST | January 08, 2006
SeaDrill Drops Plans for Smedvig Takeover
SeaDrill has sought to establish whether or not it is possible to gather a satisfactory level of pre-acceptances for a voluntary offer for Smedvig ASA.
7:00 PM EST | January 05, 2006
SeaDrill Extends Potential Voluntary Offer
SeaDrill has in a notice to the Oslo Stock Exchange January 4, 2006 notified the market that it is seeking to establish whether or not it is possible to gather pre-acceptances for a voluntary offer from 1/3 of the capital or votes in Smedvig ASA.
7:00 PM EST | January 04, 2006
SeaDrill Looking to Acquire Outstanding Shares in Smedvig
SeaDrill Limited has asked Carnegie, Enskilda and Fondsfinans to establish whether or not it is possible to gather pre-acceptances for a voluntary offer from 1/3 of the capital or votes in Smedvig ASA.
7:00 PM EST | January 03, 2006
Noble Reiterates Prior Statement Regarding an Offer for Smedvig ASA
Noble Corporation reiterates the December 19, 2005 statement of its plans in regard to an offer for the shares of Smedvig ASA.
7:00 PM EST | December 28, 2005
Smedvig Secures Contract Extension for West Menang
Smedvig has been awarded a contract by Total Congo to extend the production drilling contract for the self-erecting semi-tender rig West Menang.
7:00 PM EST | December 26, 2005
Noble Completes Smedvig Share Purchase
Noble Corporation has completed the purchase of 21,095,600 Class A shares and 2,501,374 Class B shares of Smedvig ASA for an aggregate purchase price of NOK 4,594,326,100.
7:00 PM EST | December 22, 2005
Noble Corp. Clarifies Media Statements Regarding Offer for Smedvig ASA
Noble Corporation clarifies a report published in the Norwegian media to the effect that the Company will launch an offer shortly to purchase Smedvig ASA.
7:00 PM EST | December 18, 2005
Total Extends Contract with T-8 Offshore Congo
Smedvig has been awarded a contract by Total Congo to extend the production drilling contract for the self-erecting tender rig T-8.
7:00 PM EST | December 15, 2005
Weekly Offshore Rig Review: The Urge to Merge
This week's utilization analysis focuses on the recent trend of acquisitions among offshore drilling contractors, including Noble's purchase of a 29.8% stake in Smedvig.
7:00 PM EST | December 14, 2005
Noble Corporation to Purchase Shares of Smedvig ASA
Noble Corporation has entered a share purchase agreement with Peter T. Smedvig and members of his family and entities he controls to purchase (directly and indirectly) 21,095,600 Class A shares and 2,501,374 Class B shares of Smedvig ASA.
7:00 PM EST | December 12, 2005
Smedvig Sells Ownership Share in Roxar
Lisme, in which Smedvig owns 44 percent, has entered into an agreement to sell the subsidiary Roxar to FlowInvest Acquisitions AS, a company within the Arcapita Group.
7:00 PM EST | December 04, 2005
Smedvig Lands Long Term Contract from Chevron for the T-7
Smedvig has been awarded a letter of intent by Chevron Thailand Exploration and Production Ltd for production drilling offshore Thailand with the self-erecting tender rig T-7.
7:00 PM EST | December 01, 2005
Smedvig Secures New Contract for T-6 and Teknik Berkat
The self-erecting tender rigs T-6 and Teknik Berkat have been awarded a letter of intent by Petronas Carigali Sdn. Bhd. in Malaysia.
7:00 PM EST | November 16, 2005
Norsk Hydro Gets OK to Use West Venture for Troll Production Wells
The Norwegian Petroleum Safety Authority has granted Norsk Hydro consent to use the West Venture semisub for production drilling on Troll. The activity will continue until September 2007.
7:00 PM EST | November 03, 2005
Ormen Lange Drilling Has Started
Smedvig's West Navigator has started drilling the first eight production wells on the Ormen Lange field 120 kilometers northwest of Kristiansund.
7:00 PM EST | October 31, 2005
Smedvig Reports Third Quarter 2005 Results
Smedvig reported consolidated operating profit for the third quarter of NOK 194 million, as compared to NOK 474 million in the previous quarter.
8:00 PM EST | October 23, 2005
Smedvig Increases Ownership Stake in Eastern Drilling
Smedvig has purchased 2,950,000 shares in Eastern Drilling ASA at a price of NOK 95 per share. The investment represents an increase in Smedvig's ownership interest in the company from 25 percent to 39.75 percent.
8:00 PM EST | September 22, 2005
PSA Gives Okay to Use West Navigator on Ormen Lange
The Petroleum Safety Authority Norway (PSA) has granted Norsk Hydro its consent to use the West Navigator for production drilling and completion of wells on Ormen Lange.
8:00 PM EST | September 22, 2005
Smedvig Secures Extension for T-3 in Thailand
Smedvig's tender rig T-3 has been awarded an extension contract extension by PTT in Thailand.
8:00 PM EST | September 08, 2005
Transocean Submits Writ Against Smedvig
Smedvig has received a writ from Transocean Offshore Deepwater Drilling Inc. In the writ Transocean demands that Smedvig is prohibited from applying simultaneous operations in offshore drilling activities.
8:00 PM EST | September 05, 2005
Smedvig Reports Increased Operating Profit for Second Quarter 2005
Smedvig reported consolidated operating profit for the second quarter of NOK 474 million as compared to NOK 69 million in the previous quarter.
8:00 PM EST | August 09, 2005
DNV to Class World's Biggest Semisub
DNV has been contracted to class the new 6th generation semisubmersible drilling rig. When complete in 2007, Eastern Drilling 1 will be the largest of its kind ever built.
8:00 PM EST | August 08, 2005
Keppel Delivers West Setia to Smedvig
Keppel FELS has delivered the latest semisubmersible drilling tender, West Setia, to Smedvig Tender Rigs Pte Ltd on August 2, 2005.
8:00 PM EST | August 01, 2005
Smedvig Secures New Contract for T-9 in Malaysia
Smedvig's T-9 has been awarded a three-year contract extension by ExxonMobil in Malaysia for production drilling work.
8:00 PM EST | July 31, 2005
Shell Brunei Extends West Setia Contract
Shell Brunei has extended the production drilling contract for the new self-erecting semi-tender rig West Setia, which is under construction in Singapore.
8:00 PM EST | July 12, 2005
Smedvig to Acquire Keppel's Stake in West Setia
Smedvig has informed Keppel FELS in Singapore of its intention to exercise the Company's option to purchase the shipyard's 72 percent ownership interest in the semisubmersible tender rig West Setia, which is under construction.
8:00 PM EST | June 29, 2005
New Boost for Advanced Aker Kvaerner Drilling Systems
Aker Kvaerner has signed a contract with Samsung Heavy Industries in Korea for delivery of an advanced dual drilling system to a new semisubmersible drilling platform to Eastern Drilling.
8:00 PM EST | June 15, 2005
Smedvig Increases Ownership in Eastern Drilling
Smedvig has increased the investment in Eastern Drilling ASA from US $27.5 million to US $50 million, which represents an increase in ownership interest in the company from 10 percent to 25 percent.
8:00 PM EST | June 06, 2005