COLUMN | Drip, drip, drip: Marinakis orders eight PSVs; DSOC jackup moves; Paratus and Northern Ocean raise capital [Offshore Accounts]

There was only one story in offshore this week, the news that Greek shipowner Evangelos Marinakis has doubled down on this bet on the platform supply vessel (PSV) market by making the single biggest order in the entire segment in the last decade. His Capital Offshore has placed an order for four firm diesel-electric, DP2, […]

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https://www.bairdmaritime.com/offshore/column-drip-drip-drip-marinakis-orders-eight-psvs-dsoc-jackup-moves-paratus-and-northern-ocean-raise-capital-offshore-accounts/

COLUMN | The demise of Diamond Offshore: Lessons for the future [Offshore Accounts]

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...

https://www.bairdmaritime.com/offshore/column-the-demise-of-diamond-offshore-lessons-for-the-future-offshore-accounts/

COLUMN | Augustus Gloop in wind? Cadeler; Integrated Wind Solutions and Sumitomo; North Star newbuild [Offshore Accounts]

The order book for the wind sector just continues getting larger and larger, even as companies continue not to make much money. Wind is the Augustus Gloop segment of offshore, gorged on investment, like the character in Roald Dahl’s Charlie and the Chocolate Factory, but liable to fall into a...

https://www.bairdmaritime.com/offshore/column-augustus-gloop-in-wind-cadeler-integrated-wind-solutions-and-sumitomo-north-star-newbuild-offshore-accounts/

COLUMN | Too sweet: Tidewater; Hayfin Capital; Taiwan CSOVs; Island Offshore [Offshore Accounts]

Irish singer-songwriter Hozier recently managed to top the singles charts in Ireland, New Zealand, and the United Kingdom with the indie hit “Too Sweet”, which also peaked at number two on the Billboard Hot 100 in the US. The memorable chorus, “I take my whiskey neat, my coffee black and my bed at...

https://www.bairdmaritime.com/offshore/column-too-sweet-tidewater-hayfin-capital-taiwan-csovs-island-offshore-offshore-accounts/

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:...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-big-is-better-big-finds-in-namibia-big-losses-at-gazprom-big-sale-at-edda-wind-big-problems-at-petrofac-offshore-accounts/

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 | Tidewater – record results, but what happens next? [Offshore Accounts]

On Friday, March 1, Tidewater reported its fourth quarter results, and they were epic. For the full year 2023, the company smashed through the US$1 billion revenue mark, and for the quarter it passed US$300 million, Tidewater’s highest quarterly revenue in eight years. Over US$100 million of the...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-tidewater-record-results-but-what-happens-next-offshore-accounts/