Vantage Drilling Drillship Cancelled at DSME

  Daewoo Shipbuilding & Marine Engineering Co., the world's number two shipbuilder, says it has cancelled a 703.4 billion won ($595 million) drillship order from a U.S. customer after the customer failed to make an interim payment. The cancellation was announced by DSME in a stock filing on Wednesday, which did not specify the client or drillship. The … [Read more...]

Samsung Heavy Wins $1.2 Billion Oceania Drillship Order

South Korean shipbuilder Samsung Heavy Industries said on Wednesday it won a $1.27 billion (1.34 trillion won) order to build two drillships for an unnamed company based in or near Australia. The company announced in a regulatory filing obtained by Reuters the contract was expected to be completed by June 2017. … [Read more...]

Ocean Rig Orders Ninth Drillship from Samsung Heavy

International deepwater drilling contractor Ocean Rig UDW (NASDAQ: ORIG) on Tuesday announced that it has signed a contract to construct a ninth ultra deepwater drillship at Samsung Heavy Industries for approximately $600 million. The 7th generation drillship is a sister ship to the three drillships (Ocean Rig Skyros, Ocean Rig Athena, Ocean Rig Apollo) currently under … [Read more...]

Atwood Oceanics Orders Fourth Ultra-Deepwater Drillship

Houston-based drilling contractor Atwood Oceanics, Inc. (NYSE:ATW) said Monday that it has entered into a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co. for a fourth ultra-deepwater drillship for approximately $635 million. The drillship, to be named the Atwood Archer, will be built at the DSME yard in South Korea and is expected to be … [Read more...]

Ensco Returns to SHI for New $625 Million Drillship

Offshore drilling services provider Ensco plc (NYSE: ESV) said Monday that it has placed an order Samsung Heavy Industries for its eighth advanced-capability DP3 ultra-deepwater drillship for approximately $625 million. The new drillship, ENSCO DS-10, will be based on the Samsung GF12000 hull design and is scheduled for delivery from SHI in South Korea in the third quarter … [Read more...]