Lamprell has delivered the final jackup drilling rig in a series of nine, the ‘Al Lulu’, to Abu Dhabi’s National Drilling Company (NDC).
Lamprell has delivered the ‘Shelf Drilling Krathong’ jack-up drilling rig to Shelf Drilling on schedule and within budget.
Cosco Qidong Offshore has come to an agreement with its client Axis Offshore to extend the delivery date of a semi-submersible accommodation rig.
Norway’s oil and gas firm Statoil has decided to cancel a mobile rig contract with Stena Drilling about three months ahead of the contract expiry date.
China’s Cosco Qidong Offshore and shipowner Axis Offshore have mutally agreed to re-extend the delivery date of a semi-submersible accommodation rig.
As oil companies costs come down Kristian Siem believes renewed investment decisions could start from next year, however, offshore vessel and rig owners will continue to face serious oversupply.
A day after saying it expected to make a loss in Q4 Sembcorp Marine (Sembmarine) said it had reached a standstill agreement with North Atlantic Drilling (NADL) on a semi-submersible rig newbuild.
UMW Oil & Gas (UMW-OG) is slowly rebuilding its orderbook, recently securing a contract for its Naga 7 jack-up rig from Malaysian national oil company Petronas' exploration arm Petronas Carigali.
Seadrill has cancelled a harsh environment semi-submersible drilling rig order at Hyundai Heavy Industries (HHI) after the yard failed to meet the delivery schedule.