vantage

Offshore

Vantage Drilling Said to be Weighing Sale

By Rachel Butt (Bloomberg) — Vantage Drilling International is exploring strategic options including a potential sale, according to people familiar with

News

Brazil Charges Former Vantage Drilling CEO with Corruption

BRASILIA, July 12 (Reuters) – Brazilian federal prosecutors on Thursday charged the former chief executive of U.S. oil services company Vantage Drilling

News

Vantage Drilling Bonds Plunge as Petrobras Cancels Deal Amid Bribe Probe

  By Sridhar Natarajan (Bloomberg) — Bonds of Vantage Drilling Co. dropped as Petroleo Brasileiro SA terminated a $1.7 billion drill deal amid a

News

Petrobras Cancels Vantage Drillship Contract Citing Breaches

  Houston-based Vantage Drilling says it has been notified by Petrobras terminating it’s contract for the Titanium Explorer drillship. The 8-year

Offshore

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)

Vantage Drilling Invests in Drillship Joint Venture [UPDATE]

Vantage Drilling (NYSE: VTG) said Tuesday that the company has invested $31 million in a new joint venture established for the purpose of constructing a new,

Finance

Mired in Debt, Vantage Drilling Reports Another Tough Quarter

In their recent SEC filing, Vantage Drilling Company (NYSE: VTG) reports carrying over $2 billion in long term debt, nearly double last year’s figure

Offshore

Aging Jack-Up Rig Fleet in Need of 200 Newbuilds

At the 25th annual Marine Money conference in New York this week, Andreas Stubsrud, Head of Research at Pareto Securities, predicted a need for 200 new jack up