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...
Odfjell Drilling
COLUMN | Big is better? Big finds in Namibia; big losses at Gazprom; big sale at Edda Wind; big problems at Petrofac [Offshore Accounts]
Every day, the world uses around one hundred million barrels of oil. The term “big oil” is used pejoratively to describe the industry’s lobbying power. But is big always better? This week, we look at both the biggest and the best, and the biggest and the worst of the oil industry. Big finds:...
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 […]
COLUMN | The Twelve Days of Christmas 2022, Final Edition: Havfram, Eneti, Cyan Renewables, Taiwanese wind, Copenhagen Infrastructure Partners; DOF’s rebel shareholders; Seadrill and Aquadrill reunited, Odjfell resurgent! [Offshore Accounts]
Merry Christmas! On the twelfth day of Christmas my true love gave to me… twelve drummers drumming, eleven pipers piping, ten lords a-leaping and so on, all the way bac ..
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 | The deals are on! – Rigs, boats and jackups start to change hands [Offshore Accounts]
Summer is usually a quiet time for deals, when investment bankers retreat to their villas in the south of France, Norwegian shipowners retire to their family chalets for ..
Work Boat World Offshore Vessel Charters Roundup – June 18, 2021
New charter contracts have been awarded for drilling vessels for work in Northern Europe and Africa, while customers in the offshore wind and oil and gas markets elsewher ..
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 ..
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 ..
Work Boat World Offshore Vessel Charters Roundup – January 15, 2021
Charters for offshore vessels are already on the rise this early in 2021, indicating the much anticipated growth of a resilient sector that is steadily overcoming the ..