GE Oil & Gas' Drilling & Production business has received two contracts totaling more than $120m from Daewoo Shipbuilding & Marine Engineering Co., Ltd of South Korea, engaged in building ships and offshore structures. Under the first contract, GE will supply a blowout preventer (BOP) stack and controls system, to be installed on a Petroserv-owned drillship for oil and gas production activities offshore Brazil. In addition, GE has been selected to supply two complete drilling packages to be installed on Odebrecht Oil & Gas owned drill-ships, each including a 10,000-ft riser system and BOP stacks and controls. GE Oil & Gas manufacturing plants in Houston…