Samsung Heavy to Build 4 Rigs

Wednesday, December 26, 2007
South Korea's Samsung Heavy Industries Co, said it has secured new orders worth a total of $2.41b. The company said it won a $1.15b dollar contract to build two semi-submersible floating drilling rigs by September 2010 for a Russian client. Separately, clients in Africa and in Americas ordered two oil drillships worth 1.26 billion dollars which will be delivered by May 2011, it said. Source: AFX
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Offshore

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Offshore O&G: Cuts, Delays in Norway as Costs Soar

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

Fincantieri Offshore Chooses AVEVA Software

One of the world’s largest shipbuilders uses AVEVA software to design next-generation drillship. Fincantieri Offshore has signed a contract with AVEVA to implement

Education/Training

Newport News, ODU Partner for Bachelor's Degree Program

Huntington Ingalls Industries (HII) announced today that apprentices at Newport News Shipbuilding will now have the opportunity to earn a bachelor of science degree

C-MAR's Modern Approach to DP Training in Brazil

The modern offshore maritime industry heavily relies on different classes of DP vessels, from OSVs to Drillships and Tankers, almost all vessels serving the oil

GEIMS Maritime Training accorded highest grade from DGS

Great Eastern Institute of Maritime Studies (GEIMS) is now the first approved maritime training Institution in India to achieve the 'outstanding (A1)' grade. The

 
 
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