COSCO Shipping Specialized Carriers has placed an order for a next generation semi-submersible vessel to Chinese shipyards. COSCO will build the vessel in partnership with China Shipbuilding ...

Cosco Shipping Specialized Carriers has added a semi-submersible heavylift newbuilding to its fast-growing fleet. The Guangzhou-based company has turned to China's state-owned Guangzhou Shipyard ...

The firm deal, involving the Island Innovator semisub rig, is worth about $330m and includes mobilisation, integrated services and modifications. Island Drilling said the new award would have ...

The offshore drilling rig market is facing a challenging 2025 as dayrates continue to soften amid sluggish demand, but a potential 2026 recovery driven by tighter rig supply and rising offshore ...

Floatel International has been very active this month. It recently found a buyer for the accommodation semisub Floatel Reliance, which has been in lay-up in the Canary Islands since April 2016.

The Atwood Eagle semisub drilled the well. Eskdale-2 is approximately 2.3 kilometers southwest of Eskdale-1. Water depth at the location is approximately 825 meters.

The Frontier Driller is a second generation semisub capable of working in water depths up to 1,250 feet. The rig will be upgraded for work in deepwater. The rig has a three year contract for work ...

Shell, through its subsidiaries, has awarded a contract to Stena Drilling for the Mobile Offshore Drilling Unit (MODU) Stena DrillMAX, which will be put to work offshore Suriname.KE STP Company and BG ...

allegedly engaged in a scheme to fraudulently obtain money by deceiving purchasers of Semisub securities about the company’s business and operations, including its revenue and expenses.