COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [Offshore Accounts]

Harold Macmillan was supposedly once asked what the most troubling problem of his time as British Prime Minister was. “Events, my dear boy, events,” was his reply. I thought I had this week’s column nailed well in advance, but offshore is an industry especially susceptible to unexpected and hard to predict “events”. So, we must […]

The post COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [Offshore Accounts] appeared...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-correcting-course-aramco-and-jackups-siem-offshore-and-kristian-siem-ferguson-marine-mma-offshore-maersk-svitzer-offshore-accounts/

COLUMN | Reaping what you sow: McDermott, Seatrium, Gunvor and Trafigura [Offshore Accounts]

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...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-reaping-what-you-sow-mcdermott-seatrium-gunvor-and-trafigura-offshore-accounts/

COLUMN | Perenco’s shame and Gabon’s lax standards: a fatal combination [Offshore Accounts]

In an industry is awash with cash and record profits, it is tragic to see five people confirmed dead in an accident on a Perenco platform offshore Gabon, and one other worker still missing, presumed also killed, as per the most recent update. Last Wednesday, there was a fire on the Becuna platform...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-perencos-shame-and-gabons-lax-standards-a-fatal-combination-offshore-accounts/

COLUMN | Petrofac-ed, the Wood Group and Petroserv: restructurings and transformation [Offshore Accounts]

“Fix the balance sheet before you fix the business.” This was the sage advice we gave two weeks ago when we compared Tidewater to its moribund and indebted competitors. We noted that Hornbeck, Bourbon, and Edison Chouest still have some way to go in resolving their balance sheet problems. But if...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-petrofac-ed-the-wood-group-and-petroserv-restructurings-and-transformation-offshore-accounts/

COLUMN | Where the wind blows part 1: Borealis, IT Telecoms, TotalEnergies, Ørsted and Vestas [Offshore Accounts]

One of the warmest winters on record seems to be drawing to a close in Europe, and the North Sea spot market is roaring back. On Friday, the 251 tonnes bollard pull anchor handler Maersk Mariner was spot chartered by Anasuria Operating Company at the princely day rate of £45,000 (US$57,000) for...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-where-the-wind-blows-part-1-borealis-it-telecoms-totalenergies-orsted-and-vestas-offshore-accounts/

VESSEL REVIEW | Stena Evolution – Ultra-deepwater vessel for Stena Drilling’s Gulf of Mexico operations

Stena Drilling has taken delivery of a new drillship from South Korean shipbuilder Samsung Heavy Industries. The ultra-deepwater capable Stena Evolution has a length of 233 metres, a beam of 42 metres, a depth of 19 metres, an operating draught of 11 metres, a displacement of 89,792 tonnes, and...

https://www.bairdmaritime.com/work-boat-world/offshore-world/offshore-extraction-and-processing/offshore-drilling/vessel-review-stena-evolution-ultra-deepwater-vessel-for-stena-drillings-gulf-of-mexico-operations/

COLUMN | Quick updates: Total buys a rig; Trident cans a rig; Standard sales succeed and fail; Saipem wins and loses corruption battles; Sapura hit with wind arbitration [Offshore Accounts]

Gong Xi Fa Cai, Kung Hei Fat Choi, and Chúc mừng Năm Mới! Happy Lunar New Year to all our readers, and welcome to the Year of the Dragon. At least, this is one time of year where nobody will be sneaking abandoned offshore rigs and supply vessels out of Chinese shipyards to the market […]

The post COLUMN | Quick updates: Total buys a rig; Trident cans a rig; Standard sales succeed and fail; Saipem wins and loses corruption battles; Sapura hit with wind arbitration [Offshore Accounts] appeared...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-quick-updates-total-buys-a-rig-trident-cans-a-rig-standard-sales-succeed-and-fail-saipem-wins-and-loses-corruption-battles-sapura-hit-with-wind-arbitration-offshore-accounts/

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 […]

The post COLUMN | Lowered expectations: Saudi Arabia’s oil production; Nigeria’s currency; SBM’s whistleblower; Falkland Islands’ FPSO [Offshore Accounts] appeared...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-lowered-expectations-saudi-arabias-oil-production-nigerias-currency-sbms-whistleblower-falkland-islands-fpso-offshore-accounts/

Offshore Vessel News Roundup | January 24 – Ultra-deepwater drillship delivery, Danish cable-layer order and more

Deliveries include an ultra-deepwater drillship that will initially be deployed in the Gulf of Mexico and a hybrid-powered supply vessel for operation in Chinese waters. Two separate customers in Denmark have meanwhile placed orders for a North Sea walk-to-work vessel and a cable-laying ship. Stena Drilling welcomes new drillship to fleet Stena Drilling recently took […]

The post Offshore Vessel News Roundup | January 24 – Ultra-deepwater drillship delivery, Danish cable-layer order and more...

https://www.bairdmaritime.com/work-boat-world/offshore-world/offshore-extraction-and-processing/offshore-drilling/offshore-vessel-news-roundup-january-24-ultra-deepwater-drillship-delivery-danish-cable-layer-order-and-more/

COLUMN | Court reports – Isabel dos Santos versus Angola; Santos of Australia versus Tiwi Island activists [Offshore Accounts]

We’ve said it before and we will say it again; if you want to meet the movers and the shakers of the offshore industry, you don’t need to pay big bucks to attend an expensive conference. Instead, you simply have to go to the public gallery in court, and watch them battle over millions of […]

The...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-court-reports-isabel-dos-santos-versus-angola-santos-of-australia-versus-tiwi-island-activists-offshore-accounts/

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