Budding Malaysian rig owner UMW Oil & Gas (UMW-OG) is bidding for as many as 29 projects worth $1.7bn in the Middle East and Southeast Asia, local media quoted a CIMB Equities Research report as saying.

Despite reporting a $190m net profit in Q3 John Fredricksen’s Seadrill is suspending dividend payments due to “significant deterioration in broader markets”.

Swissco Holdings has recorded a jump in third quarter net profit as revenue improved on the back of active chartering business.

Singapore’s SBI Offshore has entered into talks with a Middle East-Chinese consortium for the construction of up to five jack-up drilling rigs.

Singapore’s Swissco Holdings has secured charter contracts worth approximately $94.8m in total to provide four mobile offshore drilling units to an oil major in Latin America.

Singapore’s Swissco Holdings saw second quarter net profit slip despite higher revenues from its chartering and ship repair business segments.

Seadrill has clinched a $1.35bn refinancing facility from 17 banks for three ultra-deepwater semi-submersible drilling rig units.

SapuraKencana Petroleum has announced a slew of MYR2.3bn ($713m) worth of drilling contracts and extensions from various big oil companies including Petronas E&P arm Petronas Carigali, Chevron Thailand Exploration & Production and BP Trinidad & Tobago.

Visiting Jakarta is always a fascinating thing to do. It is the capital of Indonesia the world’s fourth most populous nation, rich in natural resources, which is also almost certainly by ratio of population to international news stories one of the most under-reported countries on the entire planet.

Fresh from securing a quick and lucrative short-term contract for its latest jack-up rig in the Philippines, UMW Oil & Gas Corp (UMW-OG) is confident of picking up at least three contracts this year, out of the 20 that it is currently bidding for, local reports said.

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