Chinese shipyard CIMC Raffles recently handed over a new jackup oil drilling rig to Italian offshore services provider Saipem. The ABS-classed Perro Negro 12 was designed by US engineering firm Friede and Goldman. The rig has an LOA of 59.745 metres, a beam of 55.78 metres, a transit draught of 4.8...
In this update, we cover two companies raising big bucks from their shareholders as well as the latest on the former premier of the British Virgin Islands as he awaits tr ..
After last week’s review of the Tullow/Capricorn merger, and the news that Shell and its partners are proceeding with the Crux project to provide new offshore gas for e ..