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HONOLULU, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported the sale of drilling rig by its wholly-owned Water Resources International, Inc ...

The semi-submersible deep-water drilling rig SS Pantanal has been sold for scrap at a rig auction in China as rising steel prices proved more of a draw getting a long-idle unit back to work.

The GM4-D-design Atlantic, built to Norsok standards, is a winterised unit capable of year-round operations and able to drill to depths of 8000 metres in water depths of up to 1200 metres.