DRILLING

DRILLING

Chinese Shipbuilders Setting Their Sights on Korean Drillship

The Chinese shipbuilding industry has its eyes on the drillship market which has been dominated by Korean shipbuilders. As the Korean shipbuilding industry is still reeling from an ...Read More

DSME delivers drill ship to Transocean on schedule

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said on Tuesday that it is on schedule to deliver this year’s five orders in offshore drilling facilities by October after it...Read More

DSME gets $50 mn from clients to dismantle canceled order for offshore structure

South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) reached out-of-court settlement with its client and partner, receiving $25 million each from the European offsh...Read More

Daewoo Shipbuilding Delivered Offshore Plant to Statoil as Scheduled

Daewoo Shipbuilding & Marine Engineering announced on June 12 that it delivered an offshore plant to Statoil, a multinational energy company, in accordance with their contract s...Read More

Exxon extends Maersk drillship contract. Dayrate slashed

Danish offshore driller Maersk Drilling has secured a contract extension for the ultra-deepwater drillship Maersk Viking with ExxonMobil. The estimated value of the contract extensi...Read More

Cobalt slips deeper into red on Shenandoah impairment

American oil company Cobalt International Energy sank deeper into the red during the first quarter of this year due to an impairment related to the Anadarko-operated Shenandoah disc...Read More

Korean Foreign Affairs Minister to Meet Angolan Counterpart to Solve Drillship Deals

South Korean Minister of Foreign Affairs Yun Byung-se will meet Angolan foreign minister to seek solutions to the Sonangol case. Daewoo Shipbuilding and Marine Engineering (DSME) cu...Read More

Hyundai Samho Heavy finds a buyer for abandoned oil rig

South Korea’s Hyundai Samho Heavy Industries Co. removed elephantine facility from its dock after it found a new buyer for a semi-submersible drilling rig abandoned by its original ...Read More

ExxonMobil Highly Likely to Become Charterer of Sonangol’s Drillships Made by DSME

Angola’s state-run oil company Sonangol are having the last minute negotiation with ExxonMobil Corp., a U.S.-based oil major, on charter contracts for two drillships delievere...Read More

SembMarine makes massive turnaround

Sembcorp Marine recorded a massive earnings turnaround in the fourth quarter to return to the black in spite of challenging conditions in the offshore and marine market. The rig-bui...Read More

Liquidity Crisis from Norway May Plague Korean Shipbuilders

Seadrill is a major corporate customer of Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME), and Samsung Heavy Industries, as it explores deep sea oil for gl...Read More

Oil spill near ExxonMobil drilling platform in Bass Strait to be investigated

An oil spill at an ExxonMobil  platform in the Bass Strait is being investigated by the federal regulator, after the discovery of an oily sheen on waters around the rig. The spill c...Read More

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