Otto Marine to buy Go Marine

Singapore-based offshore firm Otto Marine’s subsidiary, Otto Ventures (OVPL) has signed a deal with Australia’s Go Marine Group that gives OVPL the option to acquire 100 percent of Go Marine in three tranches for a total of AU$20 million (US$20 million).

Diamond Offshore Drilling has exercised its option to build a second ultra-deepwater drillship with Hyundai Heavy Industries with delivery scheduled for the fourth quarter of 2013.

Petrobras has made a new discovery of good quality oil in the pre-salt reservoirs of block BM-S-9, in the ultra deep waters of Santos Basin.

Jude    Maritime News, News     Carioca Nordeste, Diamond Offshore Drilling, Go Marine Group, Hyundai Heavy Industries, Lee Kok Wah, Ocean BlackHawk, Ocean BlackHornem, offshore business, offshore jobs, oil and gas, oil and gas industry, oil drilling update, Otto Marine, Otto Ventures, ultra-deepwater drillship

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