By Mikael Holter (Bloomberg) — Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they...

Shelf Drilling announced today their global fleet of 37 jack-up rigs will grow by two in conjunction with the recent award of a pair of 5-year offshore drilling contracts by...

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, is bidding to build jackup rigs for the first time in three decades to tap...

China’s Dalian Shipbuilding Industry Offshore has been told to temporarily suspend the construction of as many as four jackup rigs as a result of the December 3 accident at Jurong...

A consortium led by Keppel Kazakhstan and partner Ersai Caspian Contractor said Tuesday that they have secured a contract from a subsidiary of Kazakhstan’s state-owned oil company, KazMunayGas, for a...

Maersk Drilling announced today the ordering of a new ultra harsh, high specification jack-up rig at Keppel FELS in Singapore backed by a four-year-contract with Statoil.  The order comes only...

SINGAPORE (Dow Jones)–Singapore-listed Sembcorp Marine Ltd. (S51.SG) said Tuesday its unit has secured a rig building contract worth US$208 million from a unit of Malaysia’s Perisai Petroleum Teknologi Bhd. (0047.KU). PPL...

  On the approach into the channel at Port Aransas, Texas this morning, the 74k DWT product tanker, FR8 Pride, a Scorpio Tanker-managed vessel, lost power and collided with the...

Coinciding with the announcement of Lamprell’s newbuild jackup order today, DNV released a new rule book for self-elevating units, aka jackups, which will guide designers and yards to class their designs...

Lamprell announced today the receipt of a USD $227 million contract award from an international drilling contractor for the construction of a jackup drilling rig. The contract is for the...

Rig builder Lamprell announced today the receipt of a $333 million order for two, Super 116E (Enhanced) Class jackups from Abu Dhabi’s National Drilling Company (NDC).  This order is the...

Aker Solutions has won a contract from Yantai CIMC Raffles Offshore Ltd to supply a complete drilling equipment package for a new jack-up drilling rig, being built by the Chinese...

SINGAPORE -(Dow Jones)- Sembcorp Marine Ltd. (S51.SG) Thursday said it secured a US$218.5 million contract to construct a jack-up rig for Gulf Drilling International for its Qatar operations. The new rig...

Keppel AmFELS, a Brownsville, Texas-based subsidiary of Keppel Offshore & Marine Ltd, has won a contract from Mexico’s Perforadora Central SA de CV (Perforadora Central) to build a repeat jackup...

OSLO (Dow Jones)– Norwegian oil and gas giant Statoil ASA (STO) Friday said it is introducing a new drilling rig concept for mature fields on the Norwegian continental shelf, in...

Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$213 million contract to build a Pacific Class 400 jack-up drilling rig. The Pacific Class 400 jack-up drilling rig, a proprietary design...

Keppel Offshore & Marine and ConocoPhillips today announced a joint project that they claim could potentially yield major breakthrough’s in offshore Arctic drilling.  The project aims to design the first-ever...

Chevron Nigeria reports they have suspended their search for the 2 missing rig workers from the jack up rig that blew out and caught fire on 16 January.  It has...

Hercules Offshore has just reported that one of their liftboats was caught in the fire that originated from Chevron’s KS Endeavor jack-up yesterday offshore Nigeria. Two contractors on board the...

Hercules Offshore Inc. (HERO) said its acquired an added 6.1 million shares of Discovery Offshore SA (DISC.OS), bringing the contract driller’s stake to 28% in the Luxembourg-based owner of ultra...