Hyundai Heavy Notches $600M In Oil, Gas Rig Orders

Law360, New York (June 18, 2012, 5:22 PM EDT) -- Leading shipbuilder Hyundai Heavy Industries Co. Ltd. has bagged a trio of large-scale oil and gas rig orders worth a combined $600 million, according to a news report on Sunday.

The Korean shipbuilding giant did not reveal the regions where the rigs will be used or the identities of two of the three buyers, but said the projects include one worth $400 million and two others that will bring in $100 million apiece, Dow Jones reported.

Hyundai Heavy representatives in the U.S. could not immediately confirm...
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