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...
Tungsten Explorer
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 | Namibia and Nigeria – Plunder on the dancefloor, kicks on the drill floor? [Offshore Accounts]
Oh, to be young today! I know, I know, I know, I know, Sophie Ellis Bextor’s 2001 single “Murder on the Dancefloor” is back topping the charts after it appeared in a post cinematic rip-off of The Talented Mr. Ripley, and David Guetta is filling the dancefloors with his Grammy nominated “Baby Don’t...
COLUMN | Namcor’s woes as chair arrested for drugs and managing director suspended over Angolan deal: will Namibia emulate Nigeria or Norway? [Offshore Accounts]
This Easter, after looking at three companies that experienced miracles last week, we move to an entire country that stands on the cusp of a miraculous transformation: Na ..
COLUMN | Drilling Update: Borr, Vantage/ADES, Stena/Samsung, Adnoc Drilling, Maersk, and Standard not Drilling [Offshore Accounts]
Time for a six pack of updates on the biggest offshore drilling stories of the last few weeks. Whilst three autonomous marine survey companies and one of Australia’s la ..
COLUMN | The Eastern Mediterranean: a sea of troubles [Offshore Accounts]
Hamlet famously asked “whether ’tis nobler in the mind to suffer the slings and arrows of outrageous fortune, or to take arms against a sea of troubles”. Last ..