You are here

Mermaid cancels US$298m rig order

Wednesday, January 4, 2017 - 05:50


MERMAID Maritime Public Company has cancelled its US$298 million construction order for two rigs as the depressed oil and gas market reduces demand for drilling rigs.

In an announcement late on Dec 31, the group said that it will not be taking delivery of the rigs from

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom