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  • Seadrill-North American Drilling deal with Rosneft still at risk from sanctions [View news story]
    SDRL will not be affected

    (Direct translated in from Norwegian - English)
    Fredriksen agreements escapes sanctions


    EU prohibits providing drilling services for deepwater Russia as of today.



    Jostein Nissen-Meyer
    9:41 - 09/12/2014, Updated: 10:07 - 12/09/2014

    In the latest round of sanctions from the EU to Russia abolished the prohibition against providing services in connection with oil exploration and production in deep water production and oil exploration in the Arctic and shale oil projects in Russia.

    This includes drilling, well testing, logging and completion services, and the provision of specialized floating vessel.

    The new ban will not affect the performance of contracts or the framework agreement has been entered into before September 12, that is today.


    It appears from an EU document published Friday.

    This is John Fredriksen and his Seadrill and North Atlantic Drilling free of sanctions, at least for the agreements the companies have already signed.

    In the first half of August started rig West Alpha, which is owned by North Atlantic Drilling, drilling in the Kara Sea on behalf of Rosneft and Exxon Mobile.

    Meanwhile signed Rosneft and North Atlantic Drilling in May an investment alliance.

    This meant that the latter entered the onshore oil operations in Russia, while Rosneft received a shareholder.


    The penalties shall not apply if it concerns an event that will have significant consequences for human health or environmental safety.

    In the EU document, emphasis is also a list of 24 new people that are implemented sanctions, including people associated with Putin

    Source:
    http://bit.ly/ZiWe8X
    Sep 12 04:10 AM | 2 Likes Like |Link to Comment
  • Seadrill's (SDRL) CEO Per Wullf on Q2 2014 Results - Earnings Call Transcript [View article]
    the 26th of may the Company (NYSE:NADL) announced the agreement With Rosneft.
    Aug 28 07:45 AM | 1 Like Like |Link to Comment
  • Seadrill Ltd: Complete Fleet Analysis As Of August 2014 And Commentary [View article]
    Direct translate by Google:
    Fredriksen great deal - buy 150 Russian rigs

    North Atlantic Drilling buys 150 units of Rosneft, and pay both shares and cash.



    North Atlantic Drilling has entered into an agreement to acquire a significant share of Rosneft fleet of onshore rigs in Russia.

    It is stated in a notice Friday.

    It involves about 150 rigs, and the allocation of new 5-year contracts with Rosneft for these rigs.

    In consideration Rosneft gets about 30 percent of the shares in North Atlantic Drilling, at a price of $ 9.25 per share which was agreed in relation to the cooperation agreement signed in May.

    The rest will be paid in cash.

    Seadrill will continue to own over 50 percent of North Atlantic Drilling thereafter, while Rosneft deal when completed will have the right to appoint two of the seven directors of the Company.

    The transaction is expected to close in Q4 of this year and all rights for breach of contract will go out after 77 days.

    North Atlantic Drilling was valued at nearly $ 2.5 billion when the deal closed on Wall Street yesterday. This corresponds to about 15.3 billion. And 30 percent of the amounts to approximately 4.6 billion.
    Aug 22 08:55 AM | 3 Likes Like |Link to Comment
  • Seadrill Ltd: Complete Fleet Analysis As Of August 2014 And Commentary [View article]
    Tip: Google translate..
    Aug 22 08:15 AM | 3 Likes Like |Link to Comment
  • Seadrill Ltd: Complete Fleet Analysis As Of August 2014 And Commentary [View article]
    FYI
    NADL to buy 150 onshore rigs from Rosneft. All rigs will be including a fresh 5 year contract. Rosneft to get 30% of NADL and cash. SDRL still gonna have 50% stake in the company

    http://bit.ly/1ohLkos
    Aug 22 07:40 AM | 2 Likes Like |Link to Comment
  • Top 10 Net Payout Yield Stocks For August 2014 [View article]
    What abort Awilco drilling: yield 19%
    Aug 17 02:44 PM | 1 Like Like |Link to Comment
  • Drillers Downgraded, Seadrill Down 5% In 3 Mondays [View article]
    http://bit.ly/1AXm3Ke
    Aug 7 09:34 AM | Likes Like |Link to Comment
  • Offshore drillers whacked at Deutsche Bank, several names cut to Sell [View news story]
    Positive news from PACD also

    (From the Q2 report)

    • EBITDA for the second quarter of $137.9 million, a 61 percent increase over the prior year’s second-quarter adjusted EBITDA(a) and representing an EBITDA margin of 52.9 percent
    • Revenue efficiency of 97.1 percent for the second quarter yielded revenue of $260.8 million, a 48 percent increase over the prior year’s second-quarter revenue
    • Cash flow from operations for the six months ended June 30, 2014, reached $223.4 million, a 110 percent increase over the prior year’s cash flow from operations for the comparable period
    Aug 7 02:50 AM | Likes Like |Link to Comment
  • Offshore drillers whacked at Deutsche Bank, several names cut to Sell [View news story]
    SDRL is known to have one of the youngest fleet in the world regarding UDW units. This (with a great utilization record) is supposed to give an advantage when bidding on contracts. What about PACD? Only 8 units, but all of them are newest UDW and start to distribute dividends in 2015 (approx around 7% yeld)

    Long SDRL, PACD, BW Offshore
    Aug 6 02:34 AM | Likes Like |Link to Comment
  • Drillers Downgraded, Seadrill Down 5% In 3 Mondays [View article]
    Citi reiterates buy recommendation on Seadrill shares with a target price of 270 kroner per share
    "While deepwater rig market seems to show signs of weakness, we believe that Seadrill will have a robust earnings over the next three years. We believe the company's earnings will be ten percent above market consensus during the period, "
    (TDS finans)

    (Hegnar.no - 5.8.14 10:50)
    Aug 5 06:33 AM | 7 Likes Like |Link to Comment
  • Offshore drillers whacked at Deutsche Bank, several names cut to Sell [View news story]
    As I wrote earlier; hidden agenda
    Aug 4 09:43 AM | 1 Like Like |Link to Comment
  • Offshore drillers whacked at Deutsche Bank, several names cut to Sell [View news story]
    all I can say is: They got a hidden agenda..
    Aug 4 08:52 AM | 9 Likes Like |Link to Comment
  • Rosneft expands partnership with North Atlantic Drilling [View news story]
    The sanctions regards new contracts made after the 1st of August
    SDRL sign the contract with Rosneft yesterday..
    Jul 31 08:15 AM | 2 Likes Like |Link to Comment
  • Cramer's Lightning Round - 6 Biotech Picks (7/30/14) [View article]
    FYIToday UBS upgraded the target of SDRL after the huge potential of the agreement with Russian Rofsneft Oil Company. (Seadrill ownership in NADL 70%). Offshore contracts of 4,25 billion dollar. The news was released yesterday...
    Jul 31 06:56 AM | 2 Likes Like |Link to Comment
  • Rosneft expands partnership with North Atlantic Drilling [View news story]
    I do not agree, Norwegian government has communicated that they will follow the agreed sanctions of EU, but still I think the government will adapt it in a way that will not affect the economy in a large scale.. (STO also has huge contracts will Russian companies)
    Jul 31 02:51 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
30 Comments
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