Archer Limited: Announcement of third quarter 2018 earnings release date and conference call information

Hamilton, Bermuda (October 19, 2018) Archer Limited’s third quarter 2018 earnings are scheduled to be released on November 2, 2018 before the start of trading on Oslo Stock Exchange. In connection with the earnings release, a conference call will be held at 8:00am London time, 9:00am Oslo time on November 2, 2018. To listen to […]

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Archer Limited: Archer announces multi-year contract extension with major client in the UK

Hamilton, Bermuda (17 October, 2018) Archer Limited (“Archer” or the “Company”) announces that it has secured a contract extension with a major operator for two more years.  The contract extension is scheduled to commence 1st November 2018 and ensures continuity of platform drilling operations and maintenance management services on seven platforms located in the UK […]

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Archer Limited: Grant of Restricted Stock Units

Hamilton, Bermuda (October 1, 2018) Archer Limited (“Archer” or the “Company”) announces that the Board of Directors has granted restricted stock units (RSUs) to members of its management team. On Monday October 1, 2018 a total number of 1,927,500 RSUs were granted. The RSUs entitle the recipient to receive one common share for each RSU […]

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Changes to the Board composition

Hamilton, Bermuda (September 24, 2018)Archer Limited (the “Company”) announces that the board of Archer has elected Kjell-Erik Østdahl as Chairman of the Board and James O’Shaughnessy as a new board member in the Company to fill a vacancy on the Board. Kjell-Erik Østdahl has had a tenure of 21 years at Schlumberger in a number […]

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Minutes from the 2018 Annual General Meeting

Hamilton, Bermuda (September 21, 2018) Archer Limited (the “Company”) advises that the 2018 Annual General Meeting of the Shareholders of the Company was held on September 21, 2018 at 11:00 a.m. at the Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HM CX, Bermuda.  The audited consolidated financial statements for Archer Limited for […]

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Archer Limited : Archer presents at Pareto Securities’ 25th Oil and Offshore Conference

Hamilton, Bermuda (September 13, 2018)  Archer CFO Dag Skindlo will present at the Pareto Securities’ Oil & Offshore Conference on 13 September 2018 in Oslo, Norway.  A copy of the presentation is attached and is also available for download from the Archer website under Investor Relations. About Archer  Archer is a global oil services company […]

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Archer Limited: Archer signs agreement to sell US Frac Valve Business

Hamilton, Bermuda (August 31, 2018) Archer Limited (OSE: Archer) has entered into a definitive agreement to sell AWC Frac Valves (“AWC”) to a US based private equity fund for a consideration of USD 30 million on a debt- and cash-free basis. Archer can in addition receive an earn-out of up to USD 5 million based […]

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Archer Limited : Notice of Annual General Meeting 2018

Hamilton, Bermuda (August 27, 2018) Archer advises that its 2018 Annual General Meeting will be held on September 21, 2018. The record date for voting at the Annual General Meeting is set to July 23, 2018.  A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial statements for […]

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Archer Limited : Second Quarter 2018 Earnings Release

Hamilton, Bermuda (August 14, 2018)  Second quarter highlights 2018 Revenue $224.4 million. EBITDA of $18.0 million before exceptional items. Revenue and margin increase for all segments in Eastern Hemisphere relative to first quarter. Award of four additional Equinor platforms to commence in fourth quarter 2018. Depreciation of the Argentine Peso reduced Land Drilling revenue (reported […]

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