Elemental Energies and Archer team up for decom JV
Aberdeen’s Elemental Energies and Archer have formed a joint venture to pick up plugging and abandonment work in the North Sea as decommissioning spending is set to double.
Archer
Archer to deliver Culzean floating wind platform
Offshore drilling firm Archer has signed a deal to deliver the floating platform for TotalEnergies (XPAR: TTE) Culzean wind pilot project in the UK North Sea.
Why did Archer bring a race car to ONS?
Those attending the ONS conference in Stavanger this week will have seen plenty of eye-catching exhibitions but Archer's race car may take the cake.
Equinor extends drilling contracts, maintaining 2,000 jobs
Norwegian oil giant Equinor has extended drilling contracts with three firms, including Aberdeen’s KCA Deutag, in a move it claims will maintain 2,000 jobs.
Elemental Energies lands £10 million decommissioning contract with Archer
Elemental Energies has secured a contract with an estimated value of £10 million with Archer to support a major decommissioning project in the UK North Sea.
Archer lands $165m decommissioning deal with Repsol Sinopec
Oilfield services firm Archer (OSLO: ARCH) has landed a major decommissioning contract with Repsol Sinopec in the North Sea.
Archer lands $50m UK North Sea contract with Perenco
Oilfield services firm Archer (OSLO: ARCH) has won a contract worth an estimated $50m with Perenco for work on its UK North Sea platforms.
CMA clears Baker Hughes acquisition in wake of Archer deal
The UK’s competition watchdog has cleared Baker Hughes’ bid to acquire wells specialist Altus Intervention following the sale of a key division, nearly a year after the deal was announced.
Archer to take on Baker Hughes’ UK pumping and tubing unit
Archer has signed definitive agreements with Baker Hughes to acquire its UK coil tubing and pumping (CT&P) business, after a competition investigation prompted the sell-off.
Archer and IKM in for Baker Hughes’ pumping and tubing division
A pair of firms are making a play for Baker Hughes’ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
Archer acquires Aberdeen oilfield services firm Romar-Abrado
Oilfield services firm Archer (OSLO: ARCH) has acquired Romar-Abrado, a decommissioning specialist based in Aberdeenshire.
North Sea drillers begin two-day strike action
More than 300 drilling workers have launched 48 hours of strike action across North Sea installations in a dispute over pay.
300 workers vote for strikes across dozens of North Sea platforms
More than 300 offshore workers have voted for strikes across 20 North Sea installations, Unite the Union has announced, causing "major problems" for production.
Unite ballots North Sea drillers on strike action
Unite the union will ballot over 300 drilling workers and contractors over strike action, after members rejected a 5% pay deal.
UK energy companies paying men 20% more than women, figures show
UK energy firms are paying men around 20.2% more than women on average, according to a new study of the sector's gender pay gap.
Equinor extends drilling contracts with Archer, KCA Deutag and Odfjell Drilling
Equinor (OSLO: EQNR) is exercising options worth £663 million to extend drilling contracts with Archer, KCA Deutag and Odfjell Drilling.
Archer posts £5.6m loss in Q3
Oilfield services firm Archer has posted a pre-tax loss of around £5.6 million for the third quarter of 2021, as COVID continues to impact operations.
Archer putting £15m into DeepWell acquisition
Drilling contractor Archer is buying Norwegian well intervention company DeepWell for £15 million.
‘Extreme year’ delivers ‘solid results’ for Archer
Oilfield services firm Archer has delivered what it describes as “solid results” in an “extreme year”.
Equinor awards wireline deals to Archer and Altus
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Archer predicts 10-15% revenue drop in 2020
Archer has predicted an uptick in activity in the fourth quarter, but this is unlikely to prevent a double-digit percentage drop in annual revenues for the drilling services firm.
Borr Drilling appoints CFO who was replaced amid Weatherford bankruptcy
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
Archer wins big North Sea contract extension with Apache
Archer has clinched a four-year contract extension worth up to £78.6 million to provide Apache's UK North Sea business with platform drilling operations and maintenance services.
Drilling firm Archer posts first-half profit despite Covid hit
Drilling services firm Archer made pre-tax profits of £2.3 million in the first half of 2020 despite being hit hard by the Covid-19 pandemic and low oil price.
Archer boosted by Taqa decommissioning contract awards
Taqa has picked Archer rig to carry out a 21-well plug and abandonment campaign in the northern sector of the UK North Sea.