Still under construction at Hyundai Heavy Industries, the semi-submersible drilling rig which will eventually be named the Bollsta Dolphin, has just been awarded a $1.064 billion, 5-year contract by Chevron. The rig is scheduled to operate in the UK North Sea at a day rate of $560,000 following it’s delivery from HHI near the end of Q1 2015.
Owned by Dolphin Drilling, a subsidiary of Fred. Olsen Energy ASA, the Bollsta Dolphin newbuild is a Moss Maritime CS 60 E design and is capable of operating in harsh environments in water depths up to 10,000 feet.
The contract includes a mobilization fee of USD $42 million. In connection with the newbuild contract, an estimated USD $40 million will be invested in a second BOP and additional riser.
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One of the world's top offshore wind developers, Germany's RWE, has stopped work on its U.S. projects for now in light of recent moves against the industry by the Trump administration, its CEO said in a text published ahead of the firm's annual meeting.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Apple AAPL.O plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from China to avoid steep tariffs, the Financial Times reported, citing people familiar with the matter.
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