COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts]

In Part One last week, we looked at the paradox of offshore wind, a segment that is growing without profit for many players. This contrasts with offshore oil and gas, which has shrunk but has become intensely profitable for rig and vessel operators, and for the oil companies themselves. Whereas offshore oil and gas companies […]

The post COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts] appeared first on Baird...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-where-the-wind-blows-part-2-shell-cadeler-hea-energy-cyan-renewables-edda-wind-norwind-and-norside-offshore-accounts/

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 | Explaining Tidewater’s dip as AD Ports buys ENAV Radiance for US$200 million [Offshore Accounts]

Hot on the back of Britoil buying Vroon’s fleet of 30 offshore support vessels (OSVs), and Golden Energy Offshore taking another five from the Dutch owner, last week’s big offshore deal was Abu Dhabi’s AD Ports buying the “eastern fleet” of ENAV. AD Ports has bought these ten vessels trading in...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-explaining-tidewaters-dip-as-ad-ports-buys-enav-radiance-for-us200-million-offshore-accounts/

COLUMN | Getting results: Valaris; Tidewater; Golden Energy Offshore; Boskalis in Yemen [Offshore Accounts]

Who said that August was a month for relaxing by the beach? No book reviews for your sun lounger this year. Instead, we plunge into the results reporting season and an analysis of some of the recent deals in the offshore sector. Valaris exercises bargain Korean options The drillers are in a sweet...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-getting-results-valaris-tidewater-golden-energy-offshore-boskalis-in-yemen-offshore-accounts/

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;...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-theres-a-price-to-be-paid-ades-seadrill-and-icon-jackup-rigs-sapura-adnoc-drilling-aban-and-others-saipem-and-lukoil-offshore-accounts/

COLUMN | “More money than God” – How will the supermajors spend their bumper profits? [Offshore Accounts]

Last month, US President Joe Biden slammed ExxonMobil, complaining that the energy company made “more money than God”. “We’re gonna make sure that everybo ..

The post COLUMN | “More money than God” – How will the supermajors spend their bumper profits? [Offshore Accounts] appeared first on Baird...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-more-money-than-god-how-will-the-supermajors-spend-their-bumper-profits-offshore-accounts/

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 | Do it yourself, Gulf style: Middle Eastern states invest in offshore oilfield services companies [Offshore Accounts]

In Saudi Arabia, Qatar and the UAE, public investment by petro-states is increasingly focused on squeezing out private sector businesses in oilfield services, especially ..

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-do-it-yourself-gulf-style-middle-eastern-states-invest-in-offshore-oilfield-services-companies-offshore-accounts/

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