latest news releases from the newsroom
Seadrill Secures Long-term Contract For West Alpha
HAMILTON, Bermuda, Aug. 2, 2007 (PRIME NEWSWIRE) -- Seadrill has been awarded a letter of intent by a consortium of independent oil companies for the assignment of the semi-submersible drilling unit West Alpha. The contract has a firm duration of three years with an option to extend the contract length to either four or five years. Estimated contract value is approximately US$503 million, US$642 million or US$766 million for the three, four or five-year alternatives, respectively. West Alpha will mainly be drilling exploration wells on the Norwegian continental shelf. Commencement of operations is scheduled for February 2009, in direct continuation of the current contract. The letter of intent is subject to board approvals.
Epigenomics AG Reports First Half 2007 Results
BERLIN and SEATTLE, Aug. 2, 2007 (PRIME NEWSWIRE) -- Epigenomics AG (Frankfurt:ECX) (Prime Standard:ECX), a cancer molecular diagnostics company developing tests based on DNA methylation, today reported financial results for the second quarter/ first half of 2007, which ended June 30, 2007.
Telenor Wins New York Arbitration Against Alfa -- Alfa Ordered to Sell Kyivstar Shares or Divest Itself of Competing Assets
FORNEBU, Norway and KYIV, Ukraine, Aug. 2, 2007 (PRIME NEWSWIRE) -- Telenor yesterday won a New York arbitration proceeding against Alfa Group subsidiary Storm LLC in connection with Storm's violations of the Shareholders Agreement relating to the parties' joint investment in Ukrainian mobile operator Kyivstar G.S.M. Among other things, the arbitration tribunal has ordered Alfa to sell its Kyivstar shares within 120 days to an unaffiliated entity or divest itself of its holdings in competing Ukrainian wireless operators Turkcell and Ukrainian High Technologies above 5 per cent.