Rolls-Royce wins orders for offshore drillship thrusters
Power systems group Rolls-Royce has won orders from a variety of customers worth in excess of 70m pounds to supply large thrusters for offshore drilling vessels.
Power systems group Rolls-Royce has won orders from a variety of customers worth in excess of 70m pounds to supply large thrusters for offshore drilling vessels.
The group said that the orders are driven by a greater demand in oil and gas exploration in deep water and harsh conditions, as customers expand their drillship fleets.
"Numerous drillships with Rolls-Royce thrusters have been delivered in the past few years, making Rolls-Royce the clear market leader for this type of propulsion," said Helge Gjerde, the Senior Vice President of the firm's Offshore division.
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
"We are very pleased to see that customers in this industry continue to have confidence in our abilities to support their business with mission-critical systems, products and services."
The drillships operate in dynamic positioning mode, using satellite technology to automatically maintain position without anchoring.
BC
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.
-
HMRC confirms crypto ETN ISA rules
With crypto ETNs now technically available for UK retail investors, HMRC has confirmed they can be held in an ISA – but there’s a complication
-
Pensioners targeted in fine wine scams – the tactics to watch for
Wine has emerged as the latest lure in investment fraud, with pensioners being specifically targeted by scammers