ORLP News

Ocean Rig Partners LP, an MLP formed by Ocean Rig to own three deepwater rigs near Angola, withdrew its plans for an initial public offering on Wednesday. It originally filed in October 2014 with a proposed deal size of $305 million. The Nicosia, Cyprus-based company was founded in 2014 and booked $224 million in sales for the 12 months ended June 30, 2014. It had planned to...read more

Ocean Rig Partners LP, an MLP formed by Ocean Rig to own three deepwater rigs near Angola, filed on Tuesday with the SEC to raise up to $305 million in an initial public offering. Ocean Rig Partners will use IPO proceeds to purchase its vessels from Ocean Rig (ORIG), a subsidiary of DryShips (DRYS). The year's other offshore drilling IPO, Transocean Partners LLC (RIGP),...read more