On Wednesday, Seadrill Ltd (NYSE:SDRL)’s shares inclined 6.08% to $7.50.
Seadrill Limited has notified Hyundai Heavy Industries Co Ltd. (“the Shipyard”) that it has exercised its right to cancel the contract for the construction of the West Mira, a sixth generation ultra-deepwater harsh environment semisubmersible drilling unit (“West Mira” or “the Unit”).
The Unit was ordered during the second quarter of 2012 and the delivery date stated in the construction contract was by December 31, 2014. Due to the Shipyard`s inability to deliver the Unit within the timeframe required under the contract, the Company has exercised its cancellation rights.
Under the contract terms, Seadrill has the ability to recoup the $168 million in pre-delivery instalments to the Shipyard, plus accrued interest.
In the fourth quarter of 2012 Seadrill was awarded a 5 year contract for the West Mira with Husky Oil Operations Limited (“Husky”) for operations in Canada and Greenland. As stated in the Company`s second quarter earnings report, due to the late delivery of the Unit, the Company had tentatively agreed with Husky to reduce the dayrate of the West Mira drilling contract. Seadrill remains in talk about with Husky to find an alternative solution to meet its drilling requirements.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Activision Blizzard, Inc. (NASDAQ:ATVI)’s shares gained 2.42% to $30.52.
Bungie and Activision Publishing, Inc., a wholly owned partner of Activision Blizzard, Inc. (ATVI) have joined forces to bring the world Destiny: The Taken King, the epic follow-up to the blockbuster Destiny saga. Building upon Destiny, the biggest new video game franchise launch in history, Destiny: The Taken King expands the universe with a rich and diverse offering, counting new adventures, challenges, enemies, and weapons that make for the most ambitious addition to the Destiny universe yet. The Taken King can be purchased now, worldwide, in each territory where accessible at global retailers, and through console digital stores. Additionally, the ‘King’s Fall’ Raid will go live at 10 o’clock a.m. PDT on Friday, Sept. 18, giving millions of players in the Destiny community the biggest new challenge and commensurate rewards to date.
With a new storyline introducing Oryx, Crota’s vengeful father, an all-new destination, three new Guardian subclasses, a massive arsenal of new armor, weapons and exotics, new Strikes and Crucible maps, and the new ‘King’s Fall’ Raid that will put players to the ultimate test, there has never been a better time to jump in to “Become Legend,” particularly for new players starting their journey as a Guardian. The Taken King major expansion takes players deep into the chambers of a new destination, the ‘Dreadnaught’ ship, to defeat Oryx, and his Taken Army.
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers.
At the end of Wednesday’s trade, American International Group Inc (NYSE:AIG)‘s shares surged 0.44% to $58.91.
AIG Private Client Group, a division of American International Group, Inc. (AIG) that serves high net worth clients, marked the 10-year anniversary of its Wildfire Protection Unit (WPU) with Montecito, CA, officials, providing pro-bono fire protection to key areas in the Montecito Fire Protection District in preparation for the height of wildfire season.
AIG’s WPU, in partnership with Montecito wildfire specialists, spent the day spraying a bio-degradable fire retardant and performing other mitigation actions in the Montecito area using special-purpose built AIG WPU trucks.
The work in Montecito recognizes the vulnerability of California to wildfires. In 2014, 7,865 fires destroyed 555,044 acres and caused millions in property damage statewide, according to the National Interagency Fire Center. And the 2015 wildfire season has been very active.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Juniper Netoperates, Inc. (NYSE:JNPR), ended its Wednesday’s trading session with 0.62% gain, and closed at $25.96.
NEC and Telenor Group Sign a Global Framework Agreement to Deliver End-to-End Transport Network Solutions; NEC Selects Juniper Netoperates and Infinera to Assist Provide IP Transport Routers and Optical Communications Equipment, NEC Corporation (NEC) together with Juniper Netoperates and Infinera, recently declared that NEC has signed a global framework agreement with the Telenor Group, a Norway-based worldwide telecommunications operator. With this new contract, NEC becomes an end-to-end, turnkey solution provider for Telenor. As the system integrator, NEC will supply all major aspects of the operator’s transport network, counting microwave, IP routers and optical and will manage the delivery, installation and commission of equipment.
NEC has supported Telenor Group’s successful rollout of 3G and 4G mobile services across the globe as a global supplier of microwave communications systems since 2006. Under the new contract, NEC, Juniper Netoperates and Infinera will provide IP transport routers and wavelength division multiplexing (WDM) optical communications equipment to the Telenor Group’s 13 telecommunications associates worldwide (*) to handle the ever increasing volume of traffic and content over today’s netoperates.
Juniper Netoperates, Inc. designs, develops, and sells high-performance network products and services worldwide. It provides various routing products, counting ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; M series edge routers; PTX series packet transport routers; and T series routers.
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