“They come over here, taking our jobs and stealing our women,” is a familiar refrain against foreigners all around the world, as likely to be uttered from Dublin to Durban, from Dusseldorf to Des Moines, and from Denpasar to Dubai (well, probably not the second part in the UAE, but we won’t dwell...
ARO Drilling
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 […]
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 ..
Offshore drillers Ensco and Rowan in $12 billion merger
Offshore drillers Ensco plc and Rowan Companies plc announced yesterday that the companies will combine in an all-stock transaction. The agreement was unanimously approved by each company’s board of directors. The companies anticipate that the transaction will close during the first half of 2019.
Under agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. Upon closing, Ensco and Rowan shareholders will own approximately 60.5% and 39.5%, respectively, of the...
https://www.workboat.com/news/offshore/offshore-drillers-ensco-and-rowan-in-12-billion-merger/