In a $1.3 billion speculative venture, Frigstad Deepwater Ltd placed an order last week with CIMC Raffles for two, 7th generation ultra deepwater Frigstad D90™ rigs. Rated to operate in...

The Scarabeo 9, on contract for Repsol, is currently sitting at, or very close to, “TD” or total depth on the first deepwater well ever drilled off Cuban shores. So...

Saipem, the offshore energy contracting arm of Italian integrated energy company ENI, reported record profits in 2011.  Their adjusted net profit for 2011 reached a record level of €921 million,...

HOUSTON -(Dow Jones)- An Italian drilling rig scheduled to drill a deep-water well offshore Cuba has arrived to the shores of Havana, Cuban media said Thursday. The website cubadebate.cu said...