Drilling rig

Seadrill Limited (SDRL): Filing of Chapter 11 Cases for Seadrill

Retrieved on: 
Wednesday, February 10, 2021

These filings are made in addition to the Chapter 11 cases filed separately for Seadrill GCC Operations Ltd, Asia Offshore Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited, as announced by the Company on February 7, 2021.

Key Points: 
  • These filings are made in addition to the Chapter 11 cases filed separately for Seadrill GCC Operations Ltd, Asia Offshore Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited, as announced by the Company on February 7, 2021.
  • The Chapter 11 filings do not include Seadrill New Finance Limited and its subsidiaries; Seabras Servicos de Petroleo SA, Seadrill JU Newco Bermuda Limited, Seadrill Member LLC, Seadrill Mobile Units UK Limited, Seadrill Partners LLC Holdco Limited, Seadrill Seabras SP UK Limited, Seadrill Seabras UK Limited, Seadrill Seadragon UK Limited, Seadrill SeaMex 2 de Mexico S de RL de CV, Seadrill SeaMex SC Holdco Limited, Seadrill SKR Holdco Limited, Sevan Drilling Rig VI AS, and Sevan Drilling Rig VI Pte Ltd.
    As part of the Chapter 11 cases, Seadrill filed "first day" motions that, when granted, will enable day-to-day operations of the Seadrill Group to continue as usual.
  • The Chapter 11 cases are opened to facilitate a balance sheet restructuring which will enable Seadrill to continue to operate its modern fleet of drilling units.
  • As a consequence of the Chapter 11 cases, Seadrill will submit an application to the Bermuda Supreme Court for the appointment of Joint Provisional Liquidators under Bermuda law to oversee the Chapter 11 cases in conjunction with the Board of Directors of the Company.

Seadrill Limited (SDRL): Filing of Chapter 11 Cases for Seadrill

Retrieved on: 
Wednesday, February 10, 2021

These filings are made in addition to the Chapter 11 cases filed separately for Seadrill GCC Operations Ltd, Asia Offshore Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited, as announced by the Company on February 7, 2021.

Key Points: 
  • These filings are made in addition to the Chapter 11 cases filed separately for Seadrill GCC Operations Ltd, Asia Offshore Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited, as announced by the Company on February 7, 2021.
  • The Chapter 11 filings do not include Seadrill New Finance Limited and its subsidiaries; Seabras Servicos de Petroleo SA, Seadrill JU Newco Bermuda Limited, Seadrill Member LLC, Seadrill Mobile Units UK Limited, Seadrill Partners LLC Holdco Limited, Seadrill Seabras SP UK Limited, Seadrill Seabras UK Limited, Seadrill Seadragon UK Limited, Seadrill SeaMex 2 de Mexico S de RL de CV, Seadrill SeaMex SC Holdco Limited, Seadrill SKR Holdco Limited, Sevan Drilling Rig VI AS, and Sevan Drilling Rig VI Pte Ltd.
    As part of the Chapter 11 cases, Seadrill filed "first day" motions that, when granted, will enable day-to-day operations of the Seadrill Group to continue as usual.
  • The Chapter 11 cases are opened to facilitate a balance sheet restructuring which will enable Seadrill to continue to operate its modern fleet of drilling units.
  • As a consequence of the Chapter 11 cases, Seadrill will submit an application to the Bermuda Supreme Court for the appointment of Joint Provisional Liquidators under Bermuda law to oversee the Chapter 11 cases in conjunction with the Board of Directors of the Company.

Drilling Recommences at Red Mountain

Retrieved on: 
Wednesday, February 10, 2021

reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay).

Key Points: 
  • reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay).
  • The Mineral Resource estimation has been based upon diamond drilling of PQ, HQ and NQ diameters with both standard and triple tube core recovery configurations, RC drilling and surface trenching with channel sampling.
  • Historically, Eastman Kodak and Flexit electronic multi-shot downhole survey tools have been used at Red Mountain to collect down hole azimuth and inclination information for the majority of the diamond drill holes.
  • 2013: Mining Associates Ltd. was engaged to conduct an Independent Technical Report to review drilling, sampling techniques and QAQC.

White Metal Provides Update on Drilling Program on the Taranis Copper-Silver Project, Namibia

Retrieved on: 
Tuesday, February 9, 2021

Thunder Bay, Ontario--(Newsfile Corp. - February 9, 2021) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") is pleased to provide an update on its first reverse circulation ("RC") drilling program at its 95% owned Taranis Copper-Silver Project (the "Project" or "Property"), located in northwestern Namibia and defined by Exclusive Prospecting Licence ("EPL") 7071.

Key Points: 
  • Thunder Bay, Ontario--(Newsfile Corp. - February 9, 2021) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") is pleased to provide an update on its first reverse circulation ("RC") drilling program at its 95% owned Taranis Copper-Silver Project (the "Project" or "Property"), located in northwestern Namibia and defined by Exclusive Prospecting Licence ("EPL") 7071.
  • Michael Stares, President & CEO of the Company, stated, "The RC drilling program in Namibia has been going very well and we expect to wrap it up and submit all samples to the lab within about a week's time.
  • The aim of this current drilling program is to generate an NI 43-101 compliant mineral resource estimate and technical report on the Okohongo deposit.
  • In addition to the RC drilling program, a reconnaissance geological mapping and sampling program is planned over the Property.

Benton Commences Phase II Drilling at Far Lake to Test Deep IP Anomalies and the Extent of Mineralized Drill Intercepts from Phase I

Retrieved on: 
Thursday, February 4, 2021

Stephen Stares, President and CEO of the Company, stated: "We are very excited to begin the next drill campaign at Far Lake.

Key Points: 
  • Stephen Stares, President and CEO of the Company, stated: "We are very excited to begin the next drill campaign at Far Lake.
  • Benton continues to be very encouraged by the progress made by Clean Air Metals Inc. ("Clean Air"), in which Benton holds 24.6 million shares.
  • Clean Air has two drill rigs operating on the Thunder Bay North and Escape Lake Copper-Nickel-PGM project and has released excellent drill results from its ongoing drill campaign.
  • Benton also has two NW Ontario projects optioned to Rio Tinto Exploration Canada (the Bark Lake and West Baril Lake Copper-Nickel PGE projects).

Alpha Lithium Accelerates Drilling Program At Tolillar Lithium Project in Argentina

Retrieved on: 
Thursday, February 4, 2021

Further to its press release dated January 26, 2021 , Alpha added a second drilling rig to accelerate the Companys planned campaign by starting Phase Two before Phase One is complete.

Key Points: 
  • Further to its press release dated January 26, 2021 , Alpha added a second drilling rig to accelerate the Companys planned campaign by starting Phase Two before Phase One is complete.
  • The current drill program is an additional step towards the completion of a 43-101 Resource Estimate.
  • In that regard, engineers and geologists have been dispatched to ensure proper sampling protocols are undertaken to ensure a Resource Estimate can be completed expeditiously, upon completion of the drilling program.
  • Brad Nichol, Chief Executive of Alpha, commented, Last week was an incredible week for Alpha shareholders.

Zion Oil & Gas Nears First Drilling Milestone in Megiddo-Jezreel #2 (MJ-02) Well in Israel

Retrieved on: 
Monday, February 1, 2021

"The investment in a drilling rig capable of handling this wellbore schematic puts Zion in a much better position to meet its drilling objectives than ever before."

Key Points: 
  • "The investment in a drilling rig capable of handling this wellbore schematic puts Zion in a much better position to meet its drilling objectives than ever before."
  • The drilling crew will complete a set of downhole measurements (wireline logging) before running the first section of the casing.
  • "To accomplish our 2021 exploration plans, we still need investor support in Zion," stated Zion Founder and Chairman, John Brown.
  • Zion Oil & Gas, a public company, traded on OTCQX Best Market, explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.

$3.9 Billion Water Well Drilling Services Market by Application and Drilling Method - Global Opportunity Analysis and Industry Forecast, 2021-2027 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 27, 2021

The "Water Well Drilling Services Market by Application, and Drilling Method Type: Global Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Water Well Drilling Services Market by Application, and Drilling Method Type: Global Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
  • There are different types of water well drilling method that includes rotary method, jetting method, cable tool method, auger drilling method and others.
  • The global Water well drilling services market is segmented into application, drilling method types and region.
  • Some of the major players in the global Water well drilling services industry analyzed in this report include caster drilling, Jim Jeffers Well Drilling, Casey Well Drilling, LOMAN Drilling Inc., CRAIG Waterwell & Drilling Ltd, TAMPA WELL DRILLING, INC., Gordon & Sons Water Well Drilling, Weninger Drilling, LLC, Barco Well Service LP and Johnson Water well Drilling.

InventHelp Inventor Develops Drill Bit Accessory for Drilling Straight Holes (FGC-167)

Retrieved on: 
Wednesday, January 20, 2021

PITTSBURGH, Jan. 20, 2021 /PRNewswire/ -- "I wanted to create a way to help maintain a drill bit in a straight line," said an inventor, from Norton, Ohio, "so I invented the DRILL GUIDE.

Key Points: 
  • PITTSBURGH, Jan. 20, 2021 /PRNewswire/ -- "I wanted to create a way to help maintain a drill bit in a straight line," said an inventor, from Norton, Ohio, "so I invented the DRILL GUIDE.
  • My design eliminates the hassle and risk associated with unsafe drilling methods."
  • The invention provides an effective way to drill straight holes.
  • In doing so, it reduces drill bit breakage and substrate material damage.

Gold Prices Continue to Fluctuate Early in the Year

Retrieved on: 
Tuesday, January 19, 2021

Generally, these are the kinds of conditions in which gold prices thrive.

Key Points: 
  • Generally, these are the kinds of conditions in which gold prices thrive.
  • Kitco reports that the top 20 gold miners are projected to lose about 5% of their total 2020 gold output primarily due to the pandemic and related restrictions.
  • Pure Gold Mining Inc.(TSX-V: PGM) (OTC: LRTNF) reported back in December that first gold has been poured at the Company's high-grade PureGold Mine in Red Lake, Ontario.
  • Drilling is planned to resume in early February 2021 with four drill rigs, and to continue throughout 2021.