Contract win for Lamprell
Lamprell, a specialist engineering firm serving the oil and gas industry, has been awarded a new contract from Jindal Pipes, based in Singapore.
Lamprell, a specialist engineering firm serving the oil and gas industry, has been awarded a new contract from Jindal Pipes, based in Singapore.
The contract is for the construction and delivery of a completely outfitted and equipped self-elevating Mobile Offshore Drilling Platform.
The rig is designed to operate in water depths of up to 350 feet and will have a rated drilling depth of 30,000 feet. Lamprell will build the jackup rig in its yard in Hamriyah.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief executive officer Nigel McCue said: "This order further underlines the strength of the market for jackup rigs, and Lamprell's strong positioning within this market."
The share price rose 3.46% to 248.4p by 09:01.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.