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:...
Sapura Energy
COLUMN | Looking to the future: Petrobras newbuilds; James Fisher; Saudi Arabia’s NEOM plans; TotalEnergies and Sapura; wind bust timing [Offshore Accounts]
“Brazil is the country of the future,” goes the cliché that the Austrian writer Stefan Zweig declared in 1941 as the opening line of his book Brazil, Land of the Future. Zweig wrote in exile there, and a year later, he and his wife deliberately killed themselves with a drug overdose. Brazilians then began joking […]
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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 […]
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COLUMN | A trio of miracles: New DOF, Sapura and PSV Havila Crusader [Offshore Accounts]
“Are you too cynical to believe in a miracle?” Ellie Golding asks in her new, top three single with Calvin Harris (here). Well, Miss Golding would be delighted to rea ..
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COLUMN | There’s a price to be paid: ADES, Seadrill, and Icon jackup rigs; Sapura; Adnoc Drilling, Aban and others; Saipem and Lukoil [Offshore Accounts]
Eighteen months ago, we highlighted (here) the transformation of the Middle Eastern oilfield services market as big, state-owned players in Saudi Arabia, the Emirates, an ..
COLUMN | It’s all coming back to me now: Sapura Energy [Offshore Accounts]
After looking at the ignominious end of Swire Pacific Offshore, the offshore supply vessel owner sold for a pittance to rival Tidewater (here), we turn our attention this ..
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COLUMN | Oil and gas prices spike amid war in Ukraine [Offshore Accounts]
Results season is upon us, but the horrible events in Ukraine overshadow everything. Even as the tragedy unfolding there causes human misery and destruction on a scale no ..
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COLUMN | Yinson gets big in Brazil, while competitors bleed, and POSH quits Taiwan [Offshore Accounts]
Asian companies have taken a battering in the offshore industry downturn. Singapore’s Ezion and Ezra have gone into liquidation, Malaysian OSV builder and owner Nam Che ..
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COLUMN | Nothing’s right, I’m torn: Saipem and Sapura face a Natalie Imbruglia moment in offshore wind, as Siemens Gamesa fires its CEO! [Offshore Accounts]
“Illusion never changed into something real,” warbled Australian pop star Natalie Imbruglia in her 1998 global smash hit Torn, a song that catalogues her broken heart ..
COLUMN | Maersk and the offshore drilling industry: at the crossroads? [Offshore Accounts]
“When you come to a fork in the road, take it,” American baseball star Yogi Berra once said. Maersk Drilling now admits that it stands at a crossroads, as per the tit ..