Search Results for “the metals company

COLUMN | Quick updates: Maersk Supply Service sold; The Metals Company borrows from Allseas as seabed mining negotiations get tense; Cadeler and Eneti report; Scottish Ferries report reveals ̶g̶r̶o̶s̶s̶ ̶n̶e̶g̶l̶i̶g̶e̶n̶c̶e̶ significant failings [Offshore Accounts]

It has been nearly six months since we whacked out one of our quick updates (last one here), so it is time to whip through the latest developments in our favourite companies in offshore. Maersk Supply Service – going private! One of the big trends of the last eight years has been the decline of […]

COLUMN | The Metals Company: dilution in action as founders file to sell their shares in the seabed miner [Offshore Accounts]

What did we spy on the last trading day before Christmas 2022? Not Santa sliding down a chimney, but shares in a leading subsea mining company sliding hard to a record low on December 23. The cause was the announcement from The Metals Company that it had received approval to issue a bunch of cut […]

COLUMN | Quick updates: historic corruption in Nigeria and fraud in India: The Metals Company pilot tests Hidden Gem; Ocean Infinity’s Armada at sea and Red Rock sold; Cadeler raises more cash [Offshore Accounts]

Time for a quick and dirty look at three of our favourite topics – corruption in oil and gas, new marine technology, and the wind industry. Just to be clear, there is no imputation or allegation of any corruption intended or implied outside the stories about Nigeria and India. Except in the British Virgin Islands […]

COLUMN | Surprise, surprise! Saipem, Borr Drilling, The Metals Company, Impossible Mining and Olympic [Offshore Accounts]

Last week was a rollercoaster week for the offshore market. The North Sea spot market continued to sizzle, with Tidewater fixing the 235-tonne bollard pull anchor handler Pacific Discovery for a rig move of the jackup Valaris Norway for over US$100,000 whilst Island Offshore fixed its AHTS Island Vanguard of 227 tonnes bollard pull to […]

COLUMN | Quick updates: DOF’s survival; Cadeler’s new foundation vessel; Wind turbine woes and protectionism in Europe; The Metals Company’s coming cash crunch [Offshore Accounts]

This week, we cover a quartet of updates from our favourite sectors: offshore, subsea mining, and the wind industry. DOF: Looking good in black? Good news from Norway. DOF is back in the black in the first quarter of the year – well, kind of. Average utilisation of the fleet from January to March was […]

COLUMN | Quick updates: Shell’s Prelude fiasco, The Metals Company’s Siberian challenge, Chevron’s CCS problems, whilst BP and Socar face corruption claims in Azerbaijan! [Offshore Accounts]

Two weeks ago we looked at some surprises that were perhaps quite predictable (here); time for an update on developments in Australia at Prelude and Gorgon, two of the most expensive and disappointing LNG plants in the world; a shocking claim against BP in Azerbaijan (Readers of a sensitive disposition may need to be seated.), […]

COLUMN | What does the future look like? More private equity deals – Esvagt, Havfram, JP Morgan, Huisman, Nabors, James Fisher and The Metals Company [Offshore Accounts]

This week has seen a number of big deals, and a couple of big stumbles. Money is sloshing through the renewables sector like there is no tomorrow. Private equity is enjoying access to cheap capital to expand in both oil and gas and other segments. And then there was one… at Esvagt In the Bible […]

COLUMN | Disappearing acts: Mozambique’s tuna money, The Metals Company’s alleged big investor, and LNG CO2 emissions [Offshore Accounts]

Last week we looked (here) the multiple cases of corruption and bribery that have stained the oil and gas industry’s reputation in recent years from Angola to Azerbaijan, including a gallery of crooks, from former employees at Petrofac, Sonangol, Pemex and Petrobras, to various presidential relations, both dead and alive. This week we study a […]

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