4 Jan 2011production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Dec 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
5 Nov 2010contract award▲ GoodMajor
The FALCON's Shell contract was extended (worth $27-45 million), and with it every deepwater semisubmersible in the fleet is now fully contracted through fiscal 2011 -- the roughly $1.2 billion backlog shows the 2009 stacking scare is fully behind the company.
1 Nov 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
5 Oct 2010debt financing▲ GoodMajor
Atwood ordered two more newbuild jackups from PPL Shipyard in Singapore at $190 million each, set to become the fleet's 12th and 13th rigs, with delivery in late 2012 -- resuming the aggressive newbuild pace after the 2009 downturn.
1 Oct 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
14 Sept 2010contract award▲ GoodMajor
Chevron Australia extended the EAGLE six more months at about $390,000/day, bridging the rig until the newbuild ATWOOD OSPREY -- Atwood's first Jurong-built semisub -- arrives for Chevron in early 2011.
1 Sept 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
2 Aug 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
19 July 2010contract award▲ Good
The VICKSBURG's NuCoastal contract was extended nine more months, through June 2011, at the unchanged $90,000/day rate -- a long-term vote of confidence after the rig's shaky 2009.
30 June 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
23 June 2010contract award▲ Good
The BEACON's backlog extended further with a four-well, at-least-210-day contract off Suriname and Guyana for a Murphy/Repsol/Inpex consortium, also at about $115,000/day.
14 June 2010contract award▲ Good
The BEACON picked up a one-well, roughly $115,000/day contract offshore Ivory Coast after finishing its Hess work, a sign dayrates were recovering off the 2009 lows.
1 June 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
5 May 2010material agreement● Neutral
As part of a credit-agreement amendment, ownership of the collateral rig ATWOOD FALCON was moved into a newly-formed Maltese subsidiary to satisfy local security-interest rules -- a legal restructuring, not a change in the rig's operations.
3 May 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
15 Apr 2010contract award● Neutral
The VICKSBURG's NuCoastal contract was extended a further three months, to the end of September 2010, at the same $90,000/day rate.
1 Apr 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
2 Mar 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
1 Feb 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
20 Jan 2010drilling progress report▲ GoodMajor
The long-idle SOUTHERN CROSS finally found work: a Tunisia contract with AuDAX Resources at $154,500/day starting around June 2010, ending its stacked period.
20 Jan 2010contract award● Neutral
The RICHMOND lined up two more short Gulf of Mexico wells back-to-back (about $35,500-36,000/day), and the VICKSBURG's NuCoastal contract was extended again to June 2010.
8 Jan 2010production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
30 Nov 2009contract award● Neutral
The RICHMOND found one more short well at just $33,500/day, still well below the fleet's pre-downturn rates.
16 Nov 2009contract award▲ Good
The BEACON started its Hess Equatorial Guinea contract, and the VICKSBURG's NuCoastal work was extended with options that could run to the end of 2010.
27 Oct 2009contract award▲ Good
The BEACON is nearly in place to start its Hess contract, the HUNTER's Ghana work (at $538,000/day) is running with 135 days assigned to Tullow Ghana, and the VICKSBURG keeps working for NuCoastal with more opportunities being chased for 2010.
7 Oct 2009production update▼ BadMajor
The downturn deepened: the SOUTHERN CROSS isn't expected back to work in 2009, and now the RICHMOND has joined it as ready-stacked in the Gulf of Mexico, its rate down to the low $30,000s if it can find short-term work.
30 Sept 2009contract award▲ GoodMajor
The BEACON's uncontracted stretch ended with a six-well (plus options) Hess Equatorial Guinea contract at $110,000/day -- the last of the fleet's downturn-era gaps to be filled.
8 Sept 2009drilling progress report▲ Good
The VICKSBURG finished its upgrade and started the NuCoastal contract; the HUNTER began its long-awaited Kosmos Energy contract in Ghana at $538,000/day; the BEACON, though, finished in India still without its next job.
15 July 2009contract award▲ GoodMajor
The VICKSBURG avoided the ready-stack fate flagged the month before, winning a three-to-six-month NuCoastal contract in Thailand at $90,000-95,000/day -- modest work, but work.