No more rigs in Northern Drilling’s fleet after second drillship gets cancelled

John Frederiksen’s offshore drilling contractor Northern Drilling has now cancelled resale contracts for both of its newbuild drillships - West Aquila and West Libra - with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) over breaches of contract. As a result, Northern Drilling no longer has any rigs in its fleet.