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The highlight of the event included presentations of the Lifetime Achievement, Blaster of the Year and Driller of the Year and awards.
The driller beat analysts' estimates for revenue by $420 million.
-- Stephane Romatet (@SRomatet) May 24, 2018 The French ambassador attended the launch ceremony of the driller on Wednesday, along with Prime Minister Sherif Ismail and a number of top government officials including: Minister of Transport Hisham Arafat, Minister of Electricity Mohamed Shaker, Minister of Local Development Abu Bakr el-Gindy, Cairo Governor Atef Abdel Hamid, and former ministers of transport Galal Saeed, Hany Dahy and Alaa Fahmy.
Since January 2016, the Driller to Driller foundation has granted 11 scholarships and is set to grant 6 more for the class of 2018.
Northern Offshore reported on Friday the divestiture of its semisubmersible energy driller unit to an unnamed party for conversion to alternative use.
The driller suggested that a Wall Street Journal article quoting dire warnings from Combs swayed the judge.
Fitch believes that additional liquidity will help to alleviate near-term credit risks at individual firms, but it may also delay the tough industrywide fleet rationalization decisions that offshore drillers are likely to have to make in order to achieve market balance.
Balarab Saif Al Batashi, 24, said this is a first step in his career as a future driller.
Critique: "Driller" is taut, literary descent into the world of dirt, death, and well drilling.
Hercules Offshore, Inc.'s prepackaged bankruptcy filed may be a leading indicator of further bankruptcies among other challenged high yield (HY) offshore drillers, according to Fitch Ratings.
This latest intake of the program was delivered in partnership with Cabo Drilling, Norex Drilling, Atlas Copco Exploration Products, Canadian Driller Training, Forthright Drilling Services, Nibinamik First Nation, Garden River First Nation, Wahgoshig First Nation, the Ontario government's Second Career program, and Kiikenomaga Kikenjigewen Employment and Training Services (KKETS).