Keppel Receives US$8 Million From QGOG For Early Delivery of Alpha Star
The DSSTM 38 ultra deepwater semisubmersible rig was delivered a record four months ahead of schedule. Keppel FELS Limited (Keppel FELS) has delivered Alpha Star, the second of two DSSTM 38 semisubmersible rigs, to Brazil's Queiroz Galvão Óleo e Gás (QGOG) four months ahead of schedule and with zero lost time incidents. This continues Keppel FELS track record of delivering its rigs on time or ahead of schedule. It is the third early delivery this year, following the early delivery of the semisubmersible drilling tender…
ENSCO Updates Contract Status of Offshore Rig Fleet
Oil and Gas Exploration industry alert provided by U.S. Equity News. ENSCO International Incorporated announced recently that its Contract Status of Offshore Rig Fleet Report has been updated as of Monday December 17, 2007. The Report is available on the Company's website at http://www.enscous.com and can be accessed from the home page by clicking on "Rig Contract Status." The Report also can be accessed through the SEC EDGAR System.
Ultrapetrol Sets IPO of 12.5m Shares
Ultrapetrol Ltd., a Bahamas-based shipping company, is scheduled to go public next week with an initial public offering of 12.5 million shares. Shares are expected to price between $13 and $15 per share and trade on the Nasdaq under the symbol "ULTR." Assuming shares price in the middle of that range, the company expects to raise net proceeds of about $160.2 million. The company plans to use most of the proceeds to repay debt, although Ultrapetrol said it earmarked $20 million to help fund construction of two platform supply vessels being built in Brazil. It plans to use another $17.3 million for general corporate purposes. Ultrapetrol operates four business segments: river, offshore supply, ocean and passenger.
