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Pride mends drillship pact
Battle between BP and New York-listed drilling giant squashed as parties agree to amend dayrate.
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Norway’s Fred Olsen Energy has won a three-year charter contract for one of its semi-submersible drilling rigs.
Statoil has chartered the 108.2 metre-long Bideford Dolphin (built 1975) in a contract worth $421m, according to an announcement published today.
The Norwegian oil major has until 1 November 2010 to exercise an option to extend the charter for an additional 12 months, which would bring the value of the deal to $553m.
The contract is expected to start in the first quarter of 2011, when the vessel will begin work on the Norwegian Continental Shelf.
As TradeWinds reported earlier today, Statoil awarded a four-year $394M contract to John Fredriksen's Seadrill for a jack-up drilling rig. (click HERE to read the article)
Battle between BP and New York-listed drilling giant squashed as parties agree to amend dayrate.
US shipyard victorious in heated battle for a bite of government newbuilding deal.
Ports handled 56.12m tonnes of cargo in the last five months, up more than 5%.
Taiwanese boxship player continues to forge ahead in 2010 after dire previous year.
Malaysian bulker and boxship owner in talks with banks after being unable to meet debt repayments.
Atlas ship refloats after hitting Horseback Shoal hard in St Lawrence, Canada.
Olympic Shipping rocks up at Norwegian yard with double order potentially worth over $120m.
Japanese owner reportedly extends LNG carrier depreciation period, boosting bottom line.
