In another sign of strength in the offshore drilling market, John Fredriksen associated SFL Corporation Ltd. (NYSE: SFL) reported today that it has signed a drilling contract in Canada with a subsidiary
A U.S. court may have just sentenced Colombia’s “Prince of the Semisubmersibles” to a hefty prison term, but that doesn’t mean that the narco sub problem has gone away. On May 12,
Awilco Drilling PLC reports that a wholly owned subsidiary, AR2, has notified shipbuilder Keppel FELS Limited that it has exercised its contractual termination right under the newbuilding contract for the construction of
Three Colombian nationals seized in a dramatic June 18, 2019 Coast Guard take down of a narco sub (see video) were today sentenced to federal prison terms. U.S. District Judge Susan C.
The Coast Guard has released dramatic video of a June 18 incident in which crew members of the U.S. Coast Guard Cutter Munro (WMSL 755) boarded a narco sub while operating in
SEPTEMBER 12, 2013 — Houston headquartered Helix Energy Solutions Group, Inc. (NYSE: HLX) has signed a $346 million contract with Sembcorp Marine subsidiary Jurong Shipyard in Singapore for the construction of a
AUGUST 20, 2013— Floatel International (OSE:FLOAT) has signed a contract with Singapore’s Keppel FELS Limited to build its fifth semi-submersible accommodation vessel, due for delivery in December 2015. The value of the
NOVEMBER 19, 2012 — Sembcorp Marine subsidiary Jurong Shipyard (JSPL), and Prosafe have finalized a contract that will see Jurong build a second new generation harsh-environment accommodation semi-submersible of similar design to
NOVEMBER 16, 2012 — A subsidiary of Seadrill has entered into an agreement with Songa Offshore to acquire the ultra-deepwater semi-submersible rig Songa Eclipse for a consideration of US$590 million. The rig
JUNE 25, 2012 —EXMAR Offshore Company, Houston, Texas has entered into an agreement with LLOG Exploration Company L.L.C., Covington, La., to design a new production semi-submersible hull for installation in the Gulf
