KCA Deutag have announced various contract wins across their business totalling $900m, but there was no update on the take-over process
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KCA Deutag held a shortened conference call for their Q2 results. Bluntly no one cares, as we wait for the closure of the Helmerich & Payne bid to be completed, likely before
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KCA Deutag announced their Q2 results will a subsequent call to be held on Thursday. With the announcement of the $1.9725bn bid for
Read MoreAt long last, legacy creditor shareholders got some good news with US oil services strategic and peer, Helmerich & Payne yesterday
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A rinse-and-repeat comment on the back of KCA Deutag’s Q1 results as they continue to publish strong numbers. Leverage continues to
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KCA Deutag continues to build on its recent contract wins, and coupled with the integration process of the Saipem Onshore Drilling business, move into
Read MoreKCA announced this morning new contracts with Equinor in the North Sea totalling $450m, including the extension of contracts on 5 rigs and winning two
Read MoreKCA has won new contracts and extensions, 2 and 5 years in length, in the North Sea, for the value of $70m. These contract wins are with
Read MoreKAC continue to make progress in completing its Saipem Onshore drilling acquisition, announcing today the conclusion of another 44 rigs from
Read MoreKCA Deutag has confirmed the completion of another component of their Saipem onshore acquisition, with the Kuwait component completing. This is in line with
Read MoreKCA continue to win extensions and new contracts, today announcing $85m of award contracts and extensions in the Middle East, the majority of which is
Read MoreKCA reported Q3 numbers yesterday and away from the actual historics, KCA provided an update on both Russia and the integration of the Saipem
Read MoreThe Company announced a new contract for two rigs in Germany. These contracts are due to commence in Q2 2023, but what is exciting about this contract is
Read MoreFurther announcement from KCA Deutag of additional contract wins, this time in their Land Drilling segment. The majority of the contract wins are extensions and
Read MoreKCA reported their Q1 numbers yesterday but that doesn’t tell half of the story. Although slightly lower than our expectations, the business continues to
Read MoreKCA Deutag published their FY21 Annual Report broadly in line with our expectations, but with no call nor presentation until the end of May there is very little to update. The outlook remains positive but with c.25% of the business in Russia there is some geopolitical uncertainty. Pre Ukraine war, there was a strong expectation of a refinancing of the $500m 9.875% 2025 bonds given their
Read MorePartially expected, but nice to have it confirmed, KCA Deutag continues to win extensions to its existing contracts, with this morning’s announcement relating to their middle east Land Drilling business. In total, the Company announced contract
Read MoreKCA Deutag has just won a contract in Germany to build and operate a new Land drilling rig in June of this year. This is for Neptune Energy, which
Read MoreKCA Deutag are rumoured to be in exclusive talks with Saipem over their onshore drilling activities. Saipem have 66 rigs (compared to KCA Deutag’s 76), which generate
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