Navy doesn’t buy Rand conclusions on green fuels
Secretary of the Navy Ray Mabus has lost none of his enthusiasm for alternative fuels, despite publication of a Rand Corporation study that sees no military benefits in switching to new fuels.
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Deep Sea Supply moves into Malaysian offshore service market
Oslo-listed Deep Sea Supply plc is moving to get access to the growing offshore supply market in Malaysia, which is protected by strong cabotage regulations. Today it announced it has entered into
Keppel FELS delivers one jack-up, books orders for more
Singapore’s Keppel FELS Limited has started the year with the delivery of one jack-up rig and an order for two more. The delivered rig was the Rowan Stavanger, the second of three
Hyundai Heavy books drillship orders from Noble
UPDATED: Hyundai Heavy Industries, the world’s largest shipbuilder, reports that it has booked a $1.03 billion order to build two new deepwater drillships for Noble Drilling Holding, LLC. The agreement also includes
DryShips unit takes delivery of drillship
George Economou, Chairman and CEO of DryShips Inc. (NASDAQ: DRYS) was enthusiastic about the prospects for the deepwater market today as the company reported that its 78 percent owned subsidiary Ocean Rig
Pride International orders ultra-deepwater drillship
Pride International, Inc. (NYSE:PDE) says it has reached agreement with Samsung Heavy Industries, Ltd. (SHI) for the construction of a fifth ultra-deepwater drillship. Like the four other ultra-deepwater drillships that Pride has
Seadrill and Transocean order jack-up rigs
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