The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLAM.L Share News (LAM)

  • There is currently no data for LAM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-UAE's National Drilling Company to buy 14 new rigs for $543 mln

Sun, 07th Jun 2015 09:30

(Adds details on contracts)

ABU DHABI, June 7 (Reuters) - The United Arab Emirates'National Drilling Company has signed contracts worth $543million to buy 14 new rigs, state news agency WAM reported onSunday.

One offshore and one onshore rig, worth $203 million, willbe built in the UAE, WAM said, quoting the company's chiefexecutive Abdullah Saeed al-Suwaidi.

The onshore rig deal was signed with National Oilwell Varco, while the offshore one went to Lamprell.

A third deal was signed with China Petroleum Technology &Development Corporation for 12 rigs, Suwaidi said.

The new contracts are part of the UAE company's expansionplans and also the result of growing demand from its customers,it said. (Reporting by Maha El Dahan; editing by Jason Neely and JaneMerriman)

More News
4 Nov 2016 07:57

Lamprell Constructs And Delivers Jackup Drilling Rig To Ensco

Read more
26 Sep 2016 07:32

Lamprell wins new contract worth $90m

(ShareCast News) - Oil services group Lamprell has won a contract worth around $90m from Master Marine subsidiary Jacktel AS for the upgrade of the mobile operating unit 'Haven' as an accommodation service vessel for the Statoil Johan Sverdrup field, offshore Norway. The works - which are due to co

Read more
7 Sep 2016 14:36

Saudi Aramco extends bidding for marine terminal work - sources

KHOBAR, Saudi Arabia, Sept 7 (Reuters) - State oil giant Saudi Aramco has extended bidding for dredging and reclamation work at its marine terminal in Ras al-Khair by almost one month, industry sources told Reuters on Wednesday. The extension, pushing out the submission date t

Read more
26 Aug 2016 16:59

Lamprell Profit, Revenue To Be Hit As It Settles Late Rig Delivery

Read more
3 Aug 2016 12:12

Lamprell appoints Christopher McDonald as CEO

(ShareCast News) - Oil services group Lamprell has appointed Christopher McDonald as chief executive officer with effect from 1 October, succeeding Jim Moffat who will be retiring as previously announced. McDonald, a US national, was executive vice president and group head of business development wi

Read more
3 Aug 2016 06:59

Lamprell Poaches Macdonald From Petrofac As New Chief Executive

Read more
26 Jul 2016 11:24

Lamprell warns on 2017 revenues, announces rig delay

(ShareCast News) - Lamprell warned on Tuesday that revenues in 2017 would take a hit from the challenging market environment as it said that delivery of the jackup drilling rig which had been scheduled for the second quarter has been delayed. The oil services group said that during the final testing

Read more
26 Jul 2016 09:39

WINNERS & LOSERS SUMMARY: BT Rises After Dodging Openreach Breakup

Read more
17 Jul 2016 18:56

Saudi always reacts to oil supply and demand, watching market - minister

RIYADH, July 17 (Reuters) - Saudi Arabia's energy minister said on Sunday the kingdom always reacts to oil market supply and demand and it would continue to monitor crude markets for any developments. Khalid al-Falih also said that final agreements with foreign investors taking part in stat

Read more
16 Jun 2016 08:28

BROKER RATINGS SUMMARY: Citi Upgrades BP To Buy From Neutral

Read more
1 Jun 2016 12:00

Lamprell subsidiary inks Saudi joint-development agreement

(ShareCast News) - Lamprell subsidiary Maritime Offshore has entered a joint-development agreement in connection with a potential partnership collaboration to establish a Maritime Yard in Saudi Arabia. The agreement, which related to the potential construction of a Maritime Yard at Ras Al Khair in e

Read more
1 Jun 2016 10:32

CORRECT: WINNERS & LOSERS SUMMARY

Read more
1 Jun 2016 09:33

WINNERS & LOSERS SUMMARY: Housebuilders Sink On Weak Price Inflation

Read more
1 Jun 2016 07:26

LONDON MARKET OPEN: Wolseley And Miners Drag On FTSE 100

Read more
1 Jun 2016 06:39

Lamprell Inks Maritime Yard Development Deal With Saudi Aramco, Others

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.