Cosco

Cosco: Could see some positive sentiments after Upstream reported that Newcomer Energy Drilling inks Cosco rig orders. Energy Ventures has, along with Asian partners, established the new rig co Energy Drilling and placed a $260m speculative order with the Chinese yard for delivery of the two self-erecting tender barges by 2Q14 and 3Q14, respectively. The deal with Cosco includes options for two more tender rigs, to be declared before the end of this year.