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2020-12-06 · Keppel Fels has assessed that the Awilco Drilling unit it signed the contract with will not be able to make its second instalment payment due in March 2021. The parties had entered the contract in

Awilco Rig 2 Pte. Ltd. (“AR2”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination right under the newbuilding contract between KFELS and AR2 for the construction of a semi-submersible drilling rig, Nordic Spring, as a result of breaches under the Earlier this month, Keppel FELS already terminated the contract with Awilco Drilling for the rig and commenced arbitration to enforce its rights. Awilco ordered two rigs at Keppel at $425m each 2020-06-09 · Awilco said that the termination is a result of breaches under the rig construction contract. In its 1Q 2020 report in May, Awilco said there had been slow progress on Nordic Winter in Singapore the previous month due to governmental Covid-19 restriction while progress on the second rig that Keppel is building for Awilco, the Nordic Spring, had continued as per schedule. Köp aktier i Awilco Drilling - enkelt och billigt hos Avanza Bank. Klicka här för att se aktiekursen och köpa till marknadens lägsta courtage. Awilco Drilling said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Keppel FELS that it had exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of the semi-submersible drilling rig, Nordic Winter, "as a result of breaches under the vessel construction contract." SINGAPORE (THE BUSINESS TIMES) - A wholly-owned unit Oslo-listed Awilco Drilling is purporting to terminate a US$425 million (S$590.3 million) offshore rig construction contract with Keppel FELS Awilco, a UK North Sea focused driller, which owns two offshore drilling rigs built in the 1980s, ordered two semi-submersible drilling rigs form Keppel in 2018 and 2019, respectively, at $425 million apiece, with the aim of breaking into the Norwegian harsh-environment offshore drilling market.

Awilco Offshore. Keppel (Industrikonglomerat). 249 891 Awilco Drilling (Olja och gas). 252 436 Konecranes, Pronova, Awilco och Norwegian Air. Negativt Major Drilling Group International Inc MDI. Awilco Drilling PLC AWDR. Keppel Telecommunications & Transportation Limited KTEL.

2. okt 2019

SINGAPORE (THE BUSINESS TIMES) - A wholly-owned unit Oslo-listed Awilco Drilling is purporting to terminate a US$425 million (S$590.3 million) offshore rig construction contract with Keppel FELS Reference is made to the stock exchange release by Awilco Drilling PLC (“the Company”) on 8 March 2019 regarding the declaration of the first option rig. The Company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. 1,084 1 minute read. Singapore’s Keppel Corporation has announced that subsidiary Keppel FELS has terminated the contract with Norway’s Awilco Drilling for semi-submersible drilling rig Nordic 2020-12-29 Awilco Rig 2 Pte. Ltd. (“AR2”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination right under the newbuilding contract between KFELS and AR2 for the construction of a semi-submersible drilling rig, Nordic Spring, as a result of breaches under the Singapore-based offshore yard Keppel FELS has terminated a US$425 million (S$567.3 million) contract with Awilco Drilling to build semi-submersible drilling rig Nordic Spring, due to Awilco’s failure to make its second installment payment due in March 2021, said Keppel Corporation last Friday (4 December)..

Reference is made to the stock exchange release by Awilco Drilling PLC ("the Company") on 8 March 2019 regarding the declaration of the first option rig. The Co Awilco Drilling PLC: Contract signed with Keppel FELS for the building of second new semi-submersible drilling rig | Placera

In its 1Q 2020 report in May, Awilco said there had been slow progress on Nordic Winter in Singapore the previous month due to governmental Covid-19 restriction while progress on the second rig that Keppel is building for Awilco, the Nordic Spring, had continued as per schedule. Köp aktier i Awilco Drilling - enkelt och billigt hos Avanza Bank. Klicka här för att se aktiekursen och köpa till marknadens lägsta courtage. Awilco Drilling said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Keppel FELS that it had exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of the semi-submersible drilling rig, Nordic Winter, "as a result of breaches under the vessel construction contract." SINGAPORE (THE BUSINESS TIMES) - A wholly-owned unit Oslo-listed Awilco Drilling is purporting to terminate a US$425 million (S$590.3 million) offshore rig construction contract with Keppel FELS Awilco, a UK North Sea focused driller, which owns two offshore drilling rigs built in the 1980s, ordered two semi-submersible drilling rigs form Keppel in 2018 and 2019, respectively, at $425 million apiece, with the aim of breaking into the Norwegian harsh-environment offshore drilling market. Reference is made to the stock exchange release by Awilco Drilling PLC (“the Company”) on 8 March 2019 regarding the declaration of the first option rig. The Company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. Awilco, a UK North Sea focused driller, which owns two offshore drilling rigs built in the 1980s, ordered two semi-submersible drilling rigs form Keppel in 2018 and 2019, respectively, at $425 million apiece, with the aim of breaking into the Norwegian harsh-environment offshore drilling market.

North Sea-focused company alleges certain breaches relating to the project management, schedule, resourcing and compliance. Keppel denies the allegations and says it is considering legal options and evaluating potential financial impact in consultation with its advisers. 09 Jun 2020. Namely, Awilco last year ordered a semi-submersible drilling rig from Keppel, and the shipyard, in turn, ordered the drilling package for this rig from MHWirth. If all goes to plan, Keppel will deliver the rig to Awilco in the first quarter of 2021. Following the first rig order last year, Awilco in March 2019 ordered a second rig from Keppel. 2020-12-07 2021-02-01 Awilco Rig 1 Pte. Ltd. (“AR1”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of a semi-submersible drilling rig, Nordic Winter, as a result of breaches under the Vessel Construction Contract.
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Offshore drilling contractor Awilco Drilling is looking into ways to finance its remaining commitments for a newbuild rig ordered at Keppel keeping in mind that there is also an option to delay the delivery and the next payment by up to a year. Awilco owns and operates two semi-submersible drilling rigs. 2020-12-06 · Keppel Fels has assessed that the Awilco Drilling unit it signed the contract with will not be able to make its second instalment payment due in March 2021. The parties had entered the contract in Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine (KOM), has denied allegations by wholly-owned subsidiary of Awilco Drilling PLC, Awilco Rig 1, purporting to terminate the contract for the construction of a drilling rig worth about $590.71m (US$425m). Reference is made to the stock exchange releases by Awilco Drilling PLC (“the Company”) on 27 and 28 February 2018 regarding the successfully completed private placement.

Reference is made to the stock exchange release by Awilco Drilling PLC (“the Company”) on 8 March 2019 regarding the declaration of the first option rig. The Company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. 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. by Allister Thomas 29/12/2020, 7 2020-06-09 · Awilco Drilling said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Keppel FELS that it had exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of the semi-submersible drilling rig, Nordic Winter, “as a result of breaches under the vessel construction contract.” Offshore drilling company Awilco Drilling has terminated an offshore rig construction deal with Keppel, citing a breach of contract.
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Norway’s Awilco Drilling has served notice to Singapore yard Keppel FELS that it has terminated the newbuilding contract between the two companies for semi-submersible drilling rig Nordic Winter

AVANCE GAS HOLDING LTD. AWILCO DRILLING LTD Diamond Offshore Drilling, Inc. DIAMONDBACK ENERGY Keppel Corp Ltd. KEYERA CORP. KGHM. Anders Isaksen. 9 juni 15:47 kommenterade Awilco Drilling. 'keppel rejects awilcos contract termination' Dette er vel ganske dårlig nytt? Awilco Drilling rusar inför Q2-rapporten ons 14/8, kursen är upp + 7,27% hittills idag Kan iofs inte tänka mig att den kommer byggas av Keppel med tanke på AVANCE GAS HOLDING LTD. Awilco Drilling Plc. Azrieli Group Diamond Offshore Drilling, Inc. Diamondback Energy Inc Keppel Corp Ltd. KEYERA CORP.

1,084 1 minute read. Singapore’s Keppel Corporation has announced that subsidiary Keppel FELS has terminated the contract with Norway’s Awilco Drilling for semi-submersible drilling rig Nordic

The company has notified Keppel FELS (KFELS) of its decision, citing breaches under the … Rig company Awilco takes new step in dispute with Keppel. Rig operator Awilco Drilling has now terminated a contract with shipyard Keppel for the construction of a rig, and the company wants a large million-dollar refund. The Singapore-based yard had already canceled the contract.

by Allister Thomas 29/12/2020, 7 Awilco, a UK North Sea focused driller, which owns two offshore drilling rigs built in the 1980s, ordered two semi-submersible drilling rigs form Keppel in 2018 and 2019, respectively, at $425 million apiece, with the aim of breaking into the Norwegian harsh-environment offshore drilling market. SINGAPORE (THE BUSINESS TIMES) - A wholly-owned unit Oslo-listed Awilco Drilling is purporting to terminate a US$425 million (S$590.3 million) offshore rig construction contract with Keppel FELS Reference is made to the stock exchange release by Awilco Drilling PLC (“the Company”) on 8 March 2019 regarding the declaration of the first option rig. The Company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. 1,084 1 minute read.