Offshore driller Rowan Companies plc said it has purchased two LeTourneau Super 116E jack-up rigs, the P-59 and P-60, both delivered new into service in 2013, in a public auction from a subsidiary of Petroleo Brasileiro S.A. for $38.5 million per unit. As reported in May 2017, Rowan was the high bidder in a Petrobras public auction with a bid price of $30 million per rig.
British engineering firm Cox Powertrain has signed a lease to take over a 28,000 square foot production facility in Cecil Pashley Way, near Shoreham (Brighton City) Airport. The building, currently undergoing renovation, will be the assembly plant for Cox Powertrain’s CXO300 diesel outboard engine which goes into production in Q2 2019.The U.K.