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Contracts

Hecules Offshore Buy KS Energy Liftboat 'Titan 2'

Hercules Offshore executes a definitive agreement to acquire the liftboat 'Titan 2' from a subsidiary of KS Energy Ltd. The purchase price is $42 million in cash. The Titan 2 is a 280 foot class vessel, constructed in…

Contracts

NATO Submarine Base to Become Rig Haven

Norwegian Ministry of Defense approves sale of Olavsvern naval base outside Tromsø. The sale is to the investor group Triko AS which includes Odfjell Drilling, PSW Rig Service and in cooperation with Petro Support Group…

Legal

Justice Dept to Consider Shell Arctic Rig Shortcomings

The Coast Guard found serious safety & environmental violations on 'Noble Discoverer' used in Arctic waters off Alaska. The Coast Guard found 16 violations on the Noble Discoverer, one of Shell’s two drilling rigs for…

Shipbuilding

Two PSV Contracts for COSCO China Yard

COSCO Singapore subsidiary COSCO Guandong to construct two Platform Supply Vessels (PSV's). The contract is with a European ship owner for the construction of two PX121 PSV's at a value of approximately US$54-million in…

Shipbuilding

Keppel FELS Delivers First of 20 Rigs for 2013

Keppel FELS is delivering its first rig of 2013, 'Dynamic Vision', to Dynamic Offshore subsidiary Vision Drilling. The KFELS B Class jackup rig, Dynamic Vision , is the first of the 20 offshore rigs that Keppel FELS is…