It seems appropriate to get all biblical this week, just after Easter. When Saint Paul wrote in his letter to the Galatians that “a man reaps what he sows,” he probably wasn’t thinking about corruption in the oil and gas industry two millennia later. But the last month has seen no less than four...
Estaleiro Jurong Aracruz
COLUMN | The chickens come home to roost again: Swiber charges in Singapore; Texas judicial investigation; CWind sold; Guardian Geomatics sold; Newbuild! Newbuild! [Offshore Accounts]
This week we look at consequences: judicial consequences, legal consequences, the consequences of bad strategy and bad execution, and the inevitable consequences of high day rates. Ladies and gentlemen, there is a newbuilding anchor handler out there, being built as you read this. Adjust your forecasts accordingly. But first, we look at other consequences. Goh-Goh […]
COLUMN | What are the consequences of the offshore surge? Tidewater’s triumph provides Chinese yards with boom, and starts North Sea exodus [Offshore Accounts]
One of the delights of the offshore market recovery has been the surge in charter rates for platform supply vessels (PSVs) around the world. Tidewater’s triumphant presentation at the Barclays CEO Energy Conference earlier this month showed the potency of the market recovery that the company has driven ever onwards and upwards after its acquisition […]
Work Boat World Research and Training Vessel Orders and Deliveries Roundup – June 14, 2022
Research vessel deliveries include a new Arctic workboat for Svalbard in Norway and a multi-disciplinary vessel for an Irish owner. Orders have meanwhile been placed for ..
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Tupi awards US$175 million contract for FPSO modification work
Rotterdam-based Tupi has awarded Sembcorp Marine wholly-owned Brazilian subsidiary Estaleiro Jurong Aracruz (EJA) a US$175 million contract for modification work to be ca ..
COLUMN | Falling Knives and Walking Away: Sete Brasil, Petrobras, Keppel Corp., Knarr Drilling and Magni Partners [Part Two]
Last week we looked here at how China State Shipbuilding Corporation has decided to restart work on a pair of unfinished deepwater drilling rigs in Shanghai Shipyard at ..