Seadrill has received a letter of intent from Statoil for the harsh environment, heavy duty jack-up drilling rig West Epsilon on the Norwegian Continental Shelf. The letter of intent represents a four-year contract with an estimated contract value of approximately US$394 million (which partly is paid in Norwegian kroner and US dollar). Start-up is scheduled [...]

Ecosphere Technologies, Inc., a diversified water engineering and environmental services company, today announced that the U.S. Patent & Trademark Office has issued a formal Notice of Allowance for two of its patents to treat industrial wastewaters and potable waters. Major energy companies fracturing wells in the natural gas industry are successfully using the Ecosphere Ozonix [...]

Xtreme Coil Drilling Corp. announced entry into the Middle East following the award of a long-term contract for two XTC 200DTR(PLUS) drilling rigs to operate in the Kingdom of Saudi Arabia. Operations Start-up in Saudi Arabia
Christensen Saudi Arabia Limited, an affiliate of Baker Hughes Incorporated, awarded the two-year contract to Xtreme (Luxembourg) S.A., a wholly-owned [...]