Charles Dickens offered only A Tale of Two Cities. This week, I offer a tale of no less than six restructurings, as the crisis in the offshore sector comes to a head. One ..
Tag: Pacific Drilling
After announcing in October that it would liquidate the subsidiary that owns the FPSO Umuroa, and hand the idle vessel to the company administrators to maintain, remove ..
COLUMN | Singing from the same songsheet: BP, Subsea7, Allseas, PGS and the rest [OFFSHORE ACCOUNTS]
All dictators seem to use the same playbook. They lock up or kill their opponents, purge their enemies, censor the press, bend the judiciary to their will, and in the ..
Sometimes it is not only easier to walk away, but actually better The deepwater drilling industry is in crisis, as you know. In 2020, four major owners of deepwater rigs ..
Luxembourg-based Pacific Drilling has been selected by Murphy Oil to provide drilling services in the US Gulf of Mexico. The contract is for 10 wells firm plus five ..
The last few days have been crazy, with West Texas crude contracts showing negative prices earlier in the week, meaning oil companies were paying customers to take away ..
Not long until Christmas now! As the big day gets closer, you will have seen Esvagt, Swire, Seacor, Cairn Energy, Vantage and Shearwater featuring in Part One of our ..
The Memoirs of Sherlock Holmes by Sir Arthur Conan Doyle features the short story Silver Blaze, about the disappearance of a famous racehorse of that name, and the murder ..
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 ..
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