I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Tuesday 10 July 2012

Maersk investing US$8b in 7 new rigs by 2017

[SINGAPORE] Denmark's Maersk Drilling will invest up to US$8 billion to buy at least seven new oil rigs by 2017, undeterred by waning global energy demand and a 20 per cent drop in crude prices in the last four months, the chief executive told Reuters.

The drilling unit of AP Moller-Maersk plans to place the first order in the second half of 2013, as part of its campaign to double its fleet to 30 over the next five years
.
"We are pursuing this plan despite the world economic situation. So far, we haven't found a reason to change," Claus Hemmingsen said during a visit to the company's office in Singapore.

Oil production is moving deeper offshore with untapped reserves found further and further from the coasts of the United States, West Africa, Brazil and Asia, keeping demand strong for rigs owned by Maersk Drilling, Transocean and others.

Deep commitment: Maersk has Singapore's Keppel constructing three ultra-harsh environment jack-ups, which are likely to be used in the waters of the North Sea - MAERSK





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