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
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
![Market Update: Saipem Achieves Record Profits in 2011 [REPORT]](https://gcaptain.com/wp-content/uploads/2012/02/Picture-114.png)
Saipem, the offshore energy contracting arm of Italian integrated energy company ENI, reported record profits in 2011. Their adjusted net profit for 2011
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
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