DryShips Inc. (NASDAQ:DRYS), reports that its majority-owned subsidiary. has exercised its third newbuilding option to construct a seventh generation ultra deepwater drillship at Korean shipbuilder Samsung Heavy Industries. The drillship is a
A sweeping series of management appointments at ABS, effective July 1, will position a new generation of executives that, says, the classification society “will help define the role and scope of class
Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, announced today that it had secured two contracts totalling R$500 million (approx. S$381.4 million) for Floating Production storage
Offshore drilling contractors Ensco plc (NYSE:ESV) and Pride International, Inc. (NYSE:PDE ) say that they have entered into a definitive merger agreement under which London-headquarterd Ensco will combine with Houston-headquartered Pride in
Singapore’s Sembawang Shipyard, a unit of Sembcorp Marine, has received a S$123 million (US$95.5 million) contract from Teekay Shipping (Australia) Pty Ltd for the Engineering, Procurement, Construction and Commissioning (EPCC) of a
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
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.
Two offshore drillers are showing enough faith in prospects for jack-ups to take out their check books. Seadrill is following up its recent drillship splurge at Samsung by ordering two newbuild two
