It’s the biggest offshore rig deal of 2022, and it is the most confusing by far. The complexities of the deal scream out why more transparency is needed in corporate di ..
Borr Drilling
COLUMN | Yinson gets big in Brazil, while competitors bleed, and POSH quits Taiwan [Offshore Accounts]
Asian companies have taken a battering in the offshore industry downturn. Singapore’s Ezion and Ezra have gone into liquidation, Malaysian OSV builder and owner Nam Che ..
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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 ..
COLUMN | Maersk/Noble: Danish retreat from oil and gas raises bigger questions [Offshore Accounts]
On November 10, drilling giants Noble Corporation and Maersk Drilling announced their merger (here). The new company will own 20 floaters and 19 jackups. Each company’s ..
COLUMN | No Saint’s Day: Pacific Radiance and ENAV, Keppel and Dolphin, Fisher’s blow-up [Offshore Accounts]
After the horror of Halloween comes the calm of All Saints’ Day, November 1, when the Catholic church commemorates all those saints, both known and unknown, who hav ..
COLUMN | Quick updates: Van Oord gets big and green, Asian cables frenzy, next round of Battle of the Subsea Robots, Borr’s big green plan, anchor handlers change hands, scrap price Brazilian rigs [Offshore Accounts]
After our diversion into Harbour Energy’s Carbon Capture and Storage plans last week and the abandonment of its 500-million-barrel Sea Lion discovery in the Falklands ( ..
COLUMN | Borr’s fragile hope is Keppel’s hope too [Offshore Accounts]
On August 31, Borr Drilling released its second quarter results for its fleet of 23 jackups (here). Borr operates a fleet of 23 modern jackups with an average age of four ..
COLUMN | Prosafe and Floatel International: restructured but not safe yet? [Offshore Accounts]
Last week, Norwegian floating accommodation provider Prosafe finally announced (here) some good news, albeit not for its shareholders, who are about to be wiped out. Like ..
Work Boat World Offshore Vessel Charters Roundup – April 2, 2021
Much of the spotlight is on drilling vessels in this latest roundup of offshore charters. Interestingly, the newly awarded charters for such vessels has extended beyond ..
Work Boat World Offshore Projects Roundup – March 26, 2021
Offshore wind projects are maintaining momentum in the Far East and in Europe. However, the oil and gas segment has also been experiencing considerable activity as of ..