Boston Dynamics Robot ‘Spot’ Learning New Tricks Offshore Oil Rig
Nov 13 (Reuters) – Boston Dynamics’ dog-like robot ‘Spot’ is learning new tricks. Working on an oil rig operated by BP Plc nearly 190 miles (305 km) offshore in the...
South Korean shipbuilder Samsung Heavy Industries says it has agreed to sell a semi-submersible drilling rig it had originally built for Stena Drilling to an unidentified European company for $500 million.
The rig, a dynamically positioned harsh environment semi-submersible named Stena MidMAX, was originally ordered by an affiliate of Stena Drilling in June 2013 with a delivery date set for 2016. Due to delivery delays, however, Stena canceled the order in June 2017.
Under the contract terms, Stena was entitled to a reimbursement of $215.4 million it had already paid for the rig, plus interest.
In a regulatory filing last week, SHI said it agreed to sell the rig to a European third-party, resolving the risk of non-payment.
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