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November 28, 2012
17:42 EDTHEROHercules Offshore received $10M payment from Angola Drilling
On November 27, the company received a cash payment of $10M from Angola Drilling Company Ltd., a customer in Angola. This amount represents an installment payment on the balance owed to the company from the customer pursuant to a drilling contract for the Hercules 185 for services provided from July 2009 through January 2011. The proceeds will be recorded as revenue in our International Offshore segment during the fourth quarter 2012. After the application of this payment, the customer owes the Company $44.4M under the contract.
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February 26, 2015
07:43 EDTHEROHercules Offshore terminates contract for Hercules 261
Hercules Offshore has received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261, effective March 27. The company is in the process of seeking a basis for continuing the Hercules 261 contract. The company has not received a notice of termination from Saudi Aramco with respect to these rigs.
February 13, 2015
09:41 EDTHEROHercules Offshore downgraded to Sector Perform from Outperform at Howard Weil
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February 12, 2015
07:08 EDTHEROHercules Offshore expects continued weakness in 2015
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07:06 EDTHEROHercules Offshore reports Q4 adjusted EPS (23c), consensus (32c)
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