Stena Drilling semi-sub contract terminated

Stena Drilling has terminated a contract with Alpha Petroleum for 1983-built semi-submersible rig Stena Spey.

The two companies signed a deal for the rig last year, for eight wells firm and 15 optional wells, in the UK North Sea.

Stena says the contract has been terminated following “Alpha’s failure to secure finance for the project and a resultant delay in its commencement”.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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