This award brings the number of rigs currently undergoing repair and upgrade at Signal to six. With these new contracts Signal will hire approximately 200 additional craft personnel.
Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.
Rig rates have more
Italian oil company Eni has received permission from Norway's Petroleum Safety Authority to extend the use of a service rig on its troubled Arctic Goliat oil field offshore Norway until Nov.
Loading of tankers suspended, unclear when it will resume.
Oil spilled into the North Sea during the loading of a tanker at Norway's Statfjord field on Thursday, operator Statoil said.