Denmark’s A.P. Moller Holding has boosted its position in Noble Corporation ahead of the anticipated merger with Diamond Offshore, taking its shareholding in the offshore rig owner to just over 20%. Filings to the US Securities and Exchange Commission show A.P. Moller Holding subsidiary APMH Invest...
https://splash247.com/a-p-moller-holding-puts-money-into-noble-stock/
Last week saw Noble Corporation cement its place as the great consolidator in the offshore drilling industry recovery. Seven days ago, Noble announced that it was buying Diamond Offshore Drilling in a stock plus cash transaction valuing the company at around US$1.6 billion, a deal unanimously...
Noble Corporation and Diamond Offshore Drilling have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of US$5.65 per share...
Money is being made in offshore once again, but tragically lives are also being lost unnecessarily. Earlier this week, we examined how Perenco’s dysfunctional safety culture in Gabon, leading to six people dead or lost in an explosion. This is a sad backdrop for an industry booming at last. Stop...
We’ve passed Twelfth Night, so let’s look at some key numbers for the year ahead. This week’s lucky lottery numbers are 4, 10, 29, 177, and 470,000. Who is feeling lucky? Four newbuilds for wind: #1 Toyo Nature abhors a vacuum, and as Global Marine Systems, for two decades the former cablelay market leader, sinks […]
The post COLUMN | 2024 by the numbers: Cableships; methanol; the Nigerian Navy; BP and Equinor’s wind woes; Noble in Suriname and Colombia [Offshore Accounts] appeared first on Baird...
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 […]
Rarely in life do you get a second chance. But since we are almost Back to December, it is time to revisit that vintage Taylor Swift classic, where the singer describes how she messed up a relationship and begs for another chance. With that attitude, she could stand for president of Argentina and...
Last week we looked at Britoil’s acquisition of 30 offshore supply vessels (OSVs) from Vroon for a price we estimated to be in the region of US$239 million, and the acquisition of the Vroon Offshore Services management teams in Singapore and Italy. We noted how the Dutch Bank ING had foolishly cut a side deal […]
Kylie Minogue has a new pop single out this week, called Tension, which is most appropriate. There’s tension in the Eastern Mediterranean, tension across the offshore wind industry, as another major operator takes a big write off, and tension in Maersk Supply Service, where 130 British staff face redundancy, the COO has been let go, […]
The post COLUMN | Tension: Chevron in Cyprus; Ørsted’s woes; Maersk Supply Service restructures; Borr’s Mexican receivables [Offshore Accounts] appeared first on
After the shocking injustice perpetrated by the cruel and arbitrary governments of Nigeria and Equatorial Guinea on the 26 unfortunate seafarers aboard the crude oil tank ..