Oilfield services firm Archer has acquired 65% share of Norwegian energy services company Vertical Service, strengthening its offshore energy engineering portfolio.The consideration for the shares is a combination of $2.38 million (NOK 25 million)…
Oilfield services firm Archer has secured a $20 million contract from Trident Energy to provide its well interventions and platform drilling services in Brazil.Archer will provide comprehensive platform drilling services, including well interventions for regulatory requirements…
Archer Knight, a market intelligence and consultancy firm headquartered in Aberdeen, Scotland, specializing in the offshore energy sector, has appointed Shaun Henry to its board as a non-executive director.'Bringing a wealth of experience from the oil and gas industry…
Repsol Sinopec Resources UK has awarded a $165 million decommissioning contract to Archer to execute the plug and abandonment (P&A) of 30 wells in the Fulmar Field and two wells in the Halley Field in the UK North Sea.The contract is a fully integrated P&A project…
Oilfield services company Archer said Thursday it had won a five-year contract with Perenco UK Limited in the United Kingdom for the provision of Coiled Tubing and Pumping services.The contract contains two options of one year each and started May 3…
Wage talks involving around 8,000 oil drilling workers in Norway broke down early on Wednesday, labor unions said, raising the risk of strike action later this year that would disrupt oil and gas exploration.The talks between the Norwegian Shipowners' Association (NSA) and the Safe…
Oslo-listed offshore oil and gas services company Archer has completed the acquisition of Baker Hughes' Coil Tubing and Pumping business in the UK.In February, the two companies signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom…
Archer Limited and Baker Hughes Limited have signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom.The definitive agreement follows a term sheet signed in January.Baker Hughes…
Archer Limited has signed a term sheet with Baker Hughes to potentially acquire Baker Hughes’ coil tubing and pumping (“CT&P”) business in the United Kingdom. 'The CT&P business fits well within Archer’s overall strategy to grow our drilling…
Oilfield services company Archer Limited has acquired Aberdeenshire-based firm Romar-Abrado, which offers services to the plugging and abandonment market. The acquisition is based on an enterprise value of USD 8 million, plus an earn-out pending trading performance over 2023 to 2025…
Labour union Unite Scotland said on Wednesday that more than 300 offshore drilling and contract maintenance workers employed by companies including Maersk and Odfjell have backed a strike action in the UK.The Unite union said the industrial…
Archer secured a five year contract for the provision of platform drilling operations and maintenance services on seven installations with a U.K. North Sea operator.The new contract will commence November 1, 2022, in direct continuation of the…
Oilfield services firm Archer said Wednesday it had secured a Drill Pipe Pool Services contract in Norway worth NOK 2 billion (around $200 million).Services to be delivered under the contract, with an undisclosed client, include management, handling…
Wage talks involving around 8,000 oil drilling workers in Norway broke down on Thursday, labor unions said, raising the risk of strike action that would disrupt oil and gas exploration.The talks between the Norwegian Shipowners' Association (NSA) and the Safe…
Oilfield services giants Baker Hughes, Halliburton, and Schlumberger have signed a contract extension with the Norwegian oil and gas company Equinor for the integrated drilling and well services on Equinor-operated fields offshore Norway.Equinor said Friday it was…
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