Singapore’s Keppel FELS has delivered its newly-built jack-up rig to Mexico’s Grupo R on a sale and leaseback deal.

Consolidation is continuing in the rig owning sector with Ensco merging with Rowan Companies in an all stock deal.

Offshore shipyard Lamprell in the Middle East is seeing a steady stream of refurbishment work pointing to a positive trend in the offshore rig market.

Singapore rigbuilder Keppel FELs has inked an agreement with aggressively expanding Borr Drilling to sell five jack-up rig newbuild resales for $745m.

Singapore shipyard owner Keppel Corp says it seeing pockets of opportunity in offshore but sustained recovery will take time.

Analysts Rystad Energy describes as “remarkable” the rapid growth of Borr Drilling to become the world’s largest owner of jack-up rigs.

New kid on the block Borr Drilling is continuing to consolidate the jack-up rig sector acquiring Paragon Offshore and its fleet of 32 rigs.

Sembcorp Marine’s wholly-owned PPL Shipyard has terminated three contracts with Integradora de Servicios Petroleros Oro Negro, SAPI de CV and its subsidiary Oro Negro Vastus for three jack-up rigs.

China’s shipyard Shanhaiguan New Shipbuilding Industry has been hit by a cancellation for three out of four jack-up rigs ordered by Falcon Energy Group (FEG) in 2013.

Cosco (Dalian) Shipyard, subsidiary of Cosco Shipyard Group, has reached an agreement with Northern Offshore to further delay the delivery dates of two jack-up drilling rigs.

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