Oil & Gas

Singapore's Keppel FELS Limited has signed a contract to build two jack-up rigs worth US$360 million with Asia Offshore Drilling Limited, a 49 percent owned affiliate of Bangkok, Thailand, headquartered Mermaid Maritime Public Company Limited.…
Secretary of the Interior Ken Salazar today announced an updated oil and gas leasing strategy for the Outer Continental Shelf (OCS). It got a very mixed review from NOIA (the National Ocean Industry Association) and…
Norway's Eidesvik Offshore has exercised a NOK 440 million ($71.2 million) option to build a second LNG fueled PSV at Kleven Maritime. Scheduled for delivery from Kleven's Ulsteinvik shipyard in 2012, the vessel will be…
Argentina won't be in George Economou's vacation plans, most likely. DryShips Inc. (NASDAQ: DRYS) reports that its fully-owned subsidiary Ocean Rig UDW Inc has signed a contract with Borders & Southern Petroleum plc is for…
Petrobras has opened the sealed bids submitted in a three part tender intended to lead to the construction, in Brazil, of 28 offshore drilling rigs required for development of the pre-salt zone. According to Dahlman…
Norwegian billionaire investor Øystein Stray Spetalen has joined the parade of those seeing opportunities ahead for newbuild jack-up rigs. Standard Drilling, a subsidiary of Mr. Spetalen's Ferncliff TIH AS investment company, has placed an order…
DryShips Inc. (NASDAQ: DRYS) says it has entered into an agreement with "a major South Korean shipyard" for the option to construct up to four ultra deepwater drillships. The new vessels would be sisterships of…
United States Senator Mary L. Landrieu, D.-La., today expressed disappointment following Interior Secretary Ken Salazar's visit to Houma, Louisiana, where he was supposedly to have outlined a series of steps to lift the de facto…
Secretary of the Interior Ken Salazar was in Louisiana today for a meeting with shallow water drillers. He was accompanied by Assistant Secretary Tom Strickland, and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)…
OSX Brasil S.A., the offshore services unit of Brazilian billionaire Eike Batista's EMX empire, continues to forge ahead with its operations. Among recent developments have been a $54 million agreement to buy two sister VLCC's…
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