Latest Archer Ltd (ARHVF) Headlines 8-K: Emba
Post# of 5
8-K: Embarr Downs, Inc.
Edgar Online - Tue Feb 11, 12:54AM CST
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Norway a Driving Force of the European Region in Terms of Offshore Reserves and Development Projects
M2 - Mon Jul 15, 9:21AM CDT
Research and Markets (http://www.researchandmarkets.com/research/39hmq7/offshore_drilling) has announced the addition of the "Offshore Drilling Industry in Europe to 2016 - Norway a Driving Force for the European Offshore Drilling Industry, Reserves and Development Projects" report to their offering. It is expected that fresh offshore development projects commencing in the next one to two years in Norway will stabilize hydrocarbon production by late 2013 or early 2014. Hydrocarbon production will then remain steady through to 2017. In terms of exploration activity, there were 13 new discoveries offshore Norway in 2012, possessing together about 132 MMcmoe (million cubic meters of oil equivalent) of fresh hydrocarbon reserves. The economies of both Norway and the UK have benefited from successful explorations by Statoil. Statoil has submitted plans for four new major projects, with an estimated capital expenditure of $23 billion. There have been considerable offshore developments in Norway in the recent
Clearlake Capital Completes Acquisition of Archer's North American Rental and Tubular Division
Business Wire - Fri Jun 28, 6:30AM CDT
Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") today announced that it has completed the previously announced acquisition of the North American Rental and Tubular Services divisions of Archer Limited, through a newly- formed company. The new, standalone company is named IronGate Energy Services ("IronGate" or the "Company"). The transaction was first announced on May 22, 2013.
SDRL - Disclosure regarding Archer Limited
Marketwire - Mon Feb 11, 8:17AM CST
Seadrill Limited ("Seadrill", OSE:SDRL) has today been allocated 82,003,000 shares in the private placement of Archer Limited (the "Company", OSE: ARCHER). The shares were acquired at price US$1.20 per share. Furthermore, Seadrill will receive 2,811,793 shares in Archer as compensation for underwriting parts of the private placement. Following this purchase and the receipt of the underwriting commission, Seadrill will be the owner of 231,053,239 shares in the Company, corresponding to 39.9% of the total number of outstanding shares in the Company.