George Economou led DryShips Inc. (NASDAQ:DRYS) said today that its wholly-owned subsidiary Ocean Rig UDW Inc. plans to offer through a private placement approximately $500 million worth of shares of Ocean Rig
Norway’s Havyard Group this week delivered a Havyard 832 L SE platform supply vessel was delivered in Bergen to Global Offshore Services B.V., a 100 percent owned subsidiary of Mumbai, India, headquartered
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
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
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
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
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.
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
Using an approach that it says has helped get solar energy projects started on public lands in the West, the Department of the Interior is launching what it calls a “Smart from
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