COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [Offshore Accounts]

Harold Macmillan was supposedly once asked what the most troubling problem of his time as British Prime Minister was. “Events, my dear boy, events,” was his reply. I thought I had this week’s column nailed well in advance, but offshore is an industry especially susceptible to unexpected and hard to predict “events”. So, we must […]

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https://www.bairdmaritime.com/work-boat-world/offshore-world/column-correcting-course-aramco-and-jackups-siem-offshore-and-kristian-siem-ferguson-marine-mma-offshore-maersk-svitzer-offshore-accounts/

COLUMN | Petrofac-ed, the Wood Group and Petroserv: restructurings and transformation [Offshore Accounts]

“Fix the balance sheet before you fix the business.” This was the sage advice we gave two weeks ago when we compared Tidewater to its moribund and indebted competitors. We noted that Hornbeck, Bourbon, and Edison Chouest still have some way to go in resolving their balance sheet problems. But if...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-petrofac-ed-the-wood-group-and-petroserv-restructurings-and-transformation-offshore-accounts/

VESSEL REVIEW | ADNOC MD 01 – Dive support catamaran designed for UAE waters

UAE state-owned Abu Dhabi National Oil Company (ADNOC) will soon commence operations of a new dive support vessel (DSV) built locally by Grandweld Shipyards. ADNOC MD 01 is the first vessel in a series of two aluminium dive support catamarans designed by Canadian naval architecture firm Robert...

https://www.bairdmaritime.com/work-boat-world/offshore-world/offshore-operations-maintenance/dive-support/vessel-review-adnoc-md-01-dive-support-catamaran-designed-for-uae-waters/

ADNOC selects local firm for construction of artificial island near Al Nouf oilfield

Abu Dhabi National Oil Company (ADNOC) has awarded compatriot marine projects firm the NMDC Group a contract for the construction of an artificial island near the Al Nouf oilfield west of Abu Dhabi. The total value of the contract is approximately US$136.7 million, NMDC confirmed in a filing with...

https://www.bairdmaritime.com/work-boat-world/marine-projects-world/maritime-infrastructure-development/adnoc-selects-local-firm-for-construction-of-artificial-island-near-al-nouf-oilfield/

COLUMN | The Twelve Days of Christmas 2023: Days 4 to 6: Seadrill, Gulf Drilling International and ADES; five shipping magnates on future fuels; six corrupted states and Al Jazeera [Offshore Accounts]

On the first day of Christmas my true love gave to me… a partridge in a pear tree, according to the ancient English carol, but at Baird Maritime, that’s the cue for a dozen topical features about the offshore industry. Lovers of festive traditions get scrolling, as for the fourth year in a row, we […]

The post COLUMN | The Twelve Days of Christmas 2023: Days 4 to 6: Seadrill, Gulf Drilling International and ADES; five shipping magnates on future fuels; six corrupted states and Al Jazeera...

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COLUMN | There’s a price to be paid: ADES, Seadrill, and Icon jackup rigs; Sapura; Adnoc Drilling, Aban and others; Saipem and Lukoil [Offshore Accounts]

Eighteen months ago, we highlighted (here) the transformation of the Middle Eastern oilfield services market as big, state-owned players in Saudi Arabia, the Emirates, an ..

The post COLUMN | There’s a price to be paid: ADES, Seadrill, and Icon jackup rigs; Sapura; Adnoc Drilling, Aban and others;...

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ADNOC’s shipping arm to acquire three LNG carrier newbuildings

ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), will purchase three additional LNG ca ..

The post ADNOC’s shipping arm to acquire three LNG carrier newbuildings appeared first on Baird Maritime.

https://www.bairdmaritime.com/ship-world/tanker-world/gas-tanker-world/adnocs-shipping-arm-to-acquire-three-lng-carrier-newbuildings/

COLUMN | Saudi Aramco surpasses Apple – and hires 26 more jackup drilling rigs and dozens of extra offshore vessels! [Offshore Accounts]

This month Saudi Arabian state oil company Saudi Aramco surpassed Apple as the world’s most valuable company. The world’s biggest oil producer is now the world’s bi ..

The post COLUMN | Saudi Aramco surpasses Apple – and hires 26 more jackup drilling rigs and dozens of extra offshore vessels!...

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COLUMN | What goes around comes around: Mermaid Maritime grows, Ultra Deep Solutions shrinks, whilst ADES and Tidewater close purchases [Offshore Accounts]

Ultra Deep Solutions (UDS), the Singapore based commercial diving company, formerly boasted of operating five of the shiniest and most prestigious dive support vessels (D ..

The post COLUMN | What goes around comes around: Mermaid Maritime grows, Ultra Deep Solutions shrinks, whilst ADES and...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-what-goes-around-comes-around-mermaid-maritime-grows-ultra-deep-solutions-shrinks-whilst-ades-and-tidewater-close-purchases-offshore-accounts/

COLUMN | Drilling Update: Borr, Vantage/ADES, Stena/Samsung, Adnoc Drilling, Maersk, and Standard not Drilling [Offshore Accounts]

Time for a six pack of updates on the biggest offshore drilling stories of the last few weeks. Whilst three autonomous marine survey companies and one of Australia’s la ..

The post COLUMN | Drilling Update: Borr, Vantage/ADES, Stena/Samsung, Adnoc Drilling, Maersk, and Standard not Drilling...

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