Awilco orders newbuild drill rig No. 8 Mar 2, 2007
Norwegian drilling contractor, Awilco Offshore ASA, has ordered its eighth jack-up rig, this time with PPL shipyard at a cost of $149 million.

Odfjell to build $645M semi in S. Korea Feb 23, 2007
The board of directors of Seadrill-owned Odfjell Invest Ltd. has decided to exercise a contract option and to build another semi-submersible drill rig at the busy yard, Daewoo Shipbuilding & Marine Engineering in South Korea.

Keppel FELS earns ProdJack order No. 2 Feb 15, 2007
A new jack-up to be delivered late in the third-quarter of 2010 has just been ordered from Keppel FELS by ProdJack AS, part of the Skeie Group, it was understood Thursday.

Odfjell earnings report focuses on rig Feb 15, 2007
Bermuda-based rig supplier Odfjell Invest posted on Thursday a tiny, $300,000 profit in the final quarter of 2006, as long-term drilling contracts are sought for its high-spec semi under construction in Korea.

Awilco orders $300M semi from Chinese yard Feb 1, 2007
Norway-based Awilco Offshroe ASA has ordered a third high-spec semi-submersible drill rig, an option with Yantai Raffles Shipyard in China, the company announced lated Wednesday.

PetroMena's $50M float to help $500-M rig Jan 30, 2007
Oslo-listed drilling contractor PetroMena AS has raised $52.5 million to meet obligations to bond-holders and pay "the next installments" to the yard building it a $524 million rig.

PetroMena orders $524M deepwater semi Jan 25, 2007
SembCorp Marine’s Jurong Shipyard will build another deepwater, semi-submersible drill rig for $524 million for PetroRig III Pte. Ltd., owned by PetroMena AS of Norway.

Geo buying Aker sub-sea construction boat for Asia Jan 24, 2007
Singapore-registered offshore construction outfit Geo Subsea Pte. Ltd. said Wednesday that it will buy a NOK430 million diving support vessel from Fitjar Mekaniske Versksted in yet another reminder that the Asia-Pacific oil province is heating up.

Odim winch order No. 10 worth $50M Jan 23, 2007
Labroy Shipbuilding and Engineering in Indonesia has ordered four 250-tonne anchor-handling winches from Norway-based equipment maker Odim, a $50 million order destined for the new fleet of Swire Pacific Offshore in Singapore.

Aker sells Yard shares in Day 2 of fund-raising Jan 19, 2007
Norwegian industrial group Aker has sold shares in subsidiary Aker Yards to raiseNOK1.1 billion, or NOK460 per share, the Group announced Friday.

Venture Production up ahead of Chestnut and "round rig" Jan 18, 2007
Scotland-based independent Venture Production has posted daily production rates for 2006 which are up 50 percent over a year ago, as 44,706 barrels per day were made ready for market.

Seadrill to ply Husky’s Chinese assets Jan 17, 2007
Husky Oil China Ltd. Has awarded Bermuda-registered drilling contractor Seadrill the job of drilling the Chinese continental slope with the deepwater semi-submersible rig West Hercules.