Norshore CEO Expresses Optimism in Riser-Less Drilling Market

Bergen-based drilling contractor Norshore has secured work for its first newbuild mini-drillship Norshore Atlantic as part of a top-hole drilling contract with Shell at the Malikai field in Malaysia. The contract is expected to commence in August 2014. The Norshore Atlantic was delivered by Otto Marine in Singapore in March at a total cost of $245 million.  In December of … [Read more...]

More Drilling Rig Orders for CIMC Raffles

Yantai CIMC Raffles appears to be making the offshore energy market a prime focus going forward.  Last month, the Chinese shipbuilder acquired a 90 percent stake in Swedish engineering firm Bassoe Technology, a company that focuses on the concept development and basic design of advanced offshore floating and mobile units.  Today, they announced their fourth rig order in the … [Read more...]