Pride International, Inc. said today that it has reached and agreement with Samsung Heavy Industries, Ltd. to extend Pride’s option for the construction of a sixth ultra-deepwater drillship by 30 days to April 30, 2011. The extension of the option period does not impact the estimated unit construction cost or delivery schedule determined in December 2010, upon the order by Pride of a fifth ultra-deepwater drillship. The option may be exercised by the company on or before April 30, 2011, unless further extended on mutually agreed terms.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,895 members that receive our newsletter.
Have a news tip? Let us know.
(Bloomberg) — Canada is working with Nordic countries to create a new Arctic security coalition that would exclude Russia and offer a place to coordinate on defense, intelligence and cyber...
The Bureau of Safety and Environmental Enforcement (BSEE) has taken a significant step in addressing legacy pollution off the Texas coast. As part of the Biden-Harris Administration’s environmental cleanup efforts,...
(Bloomberg) — An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,895 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
