“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...
Gulf Drilling International
COLUMN | Lowered expectations: Saudi Arabia’s oil production; Nigeria’s currency; SBM’s whistleblower; Falkland Islands’ FPSO [Offshore Accounts]
The novelist Jodi Picoult once said that, “there are two ways to be happy: improve your reality, or lower your expectations.” Changing the world for the better is hard, but there have been a lot of expectations lowered in the offshore industry this week. Unfortunately, these reduced expectations seem to have produced little joy in […]
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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 | Riding the rollercoaster (again): ARO, Deep Value Driller, Dolphin, UDS, MEO and Uniwise [Offshore Accounts]
Last week (here), we looked at the recovery of the drilling market, epitomised by the return to a public listing of Dolphin Drilling in Oslo on September 15. A few days l ..
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 | More mistakes? Velesto, Shearwater, PXGEO and Polarcus, P&O Maritime Logistics, Bourbon Oceanteam and Boskalis, and James Fisher Subtech [Offshore Accounts]
Last week we looked at mistakes – mistakes from lenders in Singapore to Swiber and KrisEnergy (here), and a terrible error of judgement that led to the capsizing and si ..