Awilco Drilling emerges victorious over Singapore yard Keppel in $43m case
Awilco, which currently has no assets, told Energy Voice it is reviewing investment opportunities.
Awilco Drilling
Former Awilco Drilling CEO Jon Bryce joins rig firm Dolphin
Comes as Dolphin Drilling is due to announce a new acquisition “in a matter of weeks”.
Awilco cancels planned placement amid share price dive
Awilco Drilling has cancelled a planned private placement after the loss of a major arbitration case sent its share price plummeting.
Awilco will not appeal arbitration ruling against Keppel
Keppel claimed $440mn plus interest for the first rig million and $269mn plus interest for the second rig. Awilco has warned that any ruling against the company could result in bankruptcy.
Awilco ‘disappointed’ as rig tribunal rules in favour of Keppel
Awilco Drilling voiced its disappointment as a tribunal ruled against it in a long-running legal battle over cancelled rig construction contracts.
Awilco Drilling needs another $5m for legal battle with Singapore shipbuilder
Singapore shipbuilder Keppel is demanding more than £500m from the rig-less Aberdeen-headquartered drilling firm.
Awilco Drilling raising $10m for legal battle with Singapore shipbuilder Keppel
Aberdeen-headquartered Awilco Drilling (OSLO: AWDR) is raising $10m to help finance an ongoing legal case with Singapore shipbuilder Keppel FELS.
Former Awilco CEO launching UK heavy lift business to tackle offshore wind ‘bottleneck’
A UK-based heavy lift business is being launched by the former CEO of Aberdeen-based Awilco Drilling.
Awilco Drilling preparing for final showdown with Keppel FELS over cancelled rig orders
It is nearing crunch time for Awilco Drilling in its long-running dispute with Keppel FELS over the cancellation of two major oil rig orders.
Former Awilco Drilling CEO joins Aberdeen’s 4C Global
North-east consultancy 4C Global has secured a “key new appointment” to supports its ambitious growth strategy.
Well-Safe officially welcomes WilPhoenix rig into fleet
Well-Safe Solutions has today taken delivery of the WilPhoenix oil rig into its fleet.
Awilco Drilling secures £3.2m loan for working capital
Offshore contractor Awilco Drilling has secured a short-term, multi-million pound shareholder loan to fund its operations.
Future ‘very uncertain’ for Aberdeen drilling firm Awilco
Analysts have said it “could be the end of the line” for Aberdeen-headquartered Awilco Drilling after the firm agreed to offload the remains of its fleet.
Well-Safe Solutions adding 100 jobs after agreeing £12.4m deal to buy WilPhoenix from Awilco Drilling
Dozens of roles are to be added to Well-Safe Solutions after the company struck a multi-million pound deal to buy a semi-submersible rig.
Awilco Drilling appoints insolvency experts after losing £6.8m HMRC case
Aberdeen-headquartered Awilco Drilling has appointed insolvency experts for one of its subsidiaries after losing a £6.8 million case against HMRC.
Awilco to scrap idle WilHunter oil rig after six years in Cromarty Firth
Awilco Drilling has announced it will scrap the WilHunter oil rig after lying idle for nearly six years in the Cromarty Firth.
Keppel demands £516million from Awilco Drilling over cancelled rig orders
Shipbuilder Keppel FELS has demanded more than half a billion pounds from Awilco Drilling over the cancellation of two major oil rig orders.
Ithaca Energy kicks off drilling at Fotla prospect
Ithaca Energy has started drilling work at its Fotla project in hopes of boosting barrels via its Alba field.
Awilco Drilling unsuccessful in its appeal against HMRC over tax bill
Awilco Drilling has been unsuccessful in its appeal against Her Majesty’s Revenue and Customs (HMRC) over a £6.8 million tax bill.
Awilco Drilling moves to recoup £32million over cancelled Keppel rig contract
Awilco Drilling is moving to recoup millions of pounds over a cancelled contract for a new rig build with Keppel FELS as the dispute between the two firms deepens.
Awilco warns of cost saving measures on the horizon
Rig contractor Awilco Drilling has warned it will initiate a "wide range of cost saving measures".
Awilco Drilling sinks to £10.6m losses amid disputes with rig builder and HMRC
Awilco Drilling has sunk to losses of £10.6million in the first half of 2020 amid separate disputes with rig builder Keppel Fels and HMRC.
Cromarty Firth oil rig complaints spike as downturn puts vessels out of work
Complaints of the “blight” of oil rigs in the Cromarty Firth spiked over the last month as the industry downturn forced vessels out of work.
Unused oil rigs sink Awilco Drilling to losses of £7.5million
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
Serica ‘resilient’ as it brings in Awilco rig to drill North Sea well
Serica Energy's boss has said his firm will "weather the downturn" as it executed a deal to bring in an Awilco rig to drill a North Sea field.