TTS Group invests in drillship, gets orders for cranes

NOVEMBER 20, 2012 — Norway’s TTS Group ASA reports that its subsidiary TTS Offshore Handling Equipment AS has won a contract worth approximately NOK 130 million (about US$25 million) from Korea’s STX

Rowan opts for a fourth UDW drillship at Hyundai

SEPTEMBER 10, 2012—Rowan Companies plc, Houston, TX, said it has exercised its option to build a fourth GustoMSC P10,000 design ultra-deepwater drillship at South Korea’s Hyundai Heavy Industries Co., Ltd. with delivery

Ocean Rig gets $652 million LOA for drillship

Ocean Rig UDW Inc. (NASDAQ: ORIG), which is majority owned by Dry Ships, Inc.(NASDAQ: DRYS), reports that it has received a Letter of Award (LOA) for its ultra deepwater drillship “Ocean Rig

Vantage Drilling to add DSME newbuild drillship to fleet

Houston-headquartered Vantage Drilling Company (NYSE Amex: VTG) reports that it has signed a definitive agreement with Valencia Drilling Company to acquire the rights and obligations under the construction contract for the ultra-deepwater

Pacific Drilling IPO raises $46 million

Pacific Drilling S.A. (NYSE:PACD) reports that yesterday it closed its previously announced initial public offering of shares of common stock at a price of $8.25 per share. Pacific Drilling sold a total

Rowan exercises option for third drillship

Drilling contractor Rowan Companies, Inc. (NYSE:RDC) reported results for the three months ended September 30, 2011, that included net income from continuing operations of $31.4 million or $0.25 per share, compared to