Rig-ordering cycle which kicked off in Oct10 is unceasing. Sete Brasil has awarded contracts for the package of 21 drilling rigs, in which both Keppel and Sembcorp Marine (SMM) secured their fair ...

SETE Brasil, the rig-chartering entity conceived by Petrobras, is attempting a restructuring process that will determine the survival, or otherwise, of Brazil’s ambitious domestic rig-building ...

HOUSTON, Nov. 6-- Robust oil and gas prices continue to drive fleet growth in the drilling market, and the number of land and marine drilling rigs continues to increase worldwide, according to Grant ...

PPL Shipyard, a subsidiary of SembCorp Marine has signed a rig building contract worth US$133.7 million with PT Apexindo Pratama Duta Tbk for the construction of a Baker Marine Pacific Class 375 ...

The country’s national development bank (BNDES) is set to disburse a long-delayed $3.1 billion tranche of financing. It has been held up by discussions about guarantees, concerns about exposure to the ...

SINGAPORE, April 25 (Reuters) - Singapore's Keppel Corp. , the world's top offshore oil rig maker, is upgrading two shipyards to build oil rigs to feed an expected surge in Chinese demand for oil ...