Amid all the excitement of ADES (100 per cent owned by the Public Investment Fund of Saudi Arabia) buying over twenty jackup rigs for charter to Saudi Aramco, and with AR ..
Tag: Pacific Drilling
On November 10, drilling giants Noble Corporation and Maersk Drilling announced their merger (here). The new company will own 20 floaters and 19 jackups. Each company’s ..
For the end of the quarter, we feature a six-pack of updates on stories we covered recently. Eni (and Shell) acquitted over US$1 billion Nigerian corruption (for now) One ..
Last week (here), we looked at the recovery of the drilling market, epitomised by the return to a public listing of Dolphin Drilling in Oslo on September 15. A few days l ..
COLUMN | Private equity: can the billionaire factory save the offshore industry? [Offshore Accounts]
Question: What do the Formula One motor racing franchise, Heinz tomato ketchup, British supermarket chain Asda, and the North Sea safety standby companies North Star Ship ..
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 ..
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 ..
There’s so much not to talk about this week. We’re not talking about Tidewater Earlier this month, industry leader Tidewater reported its quarterly results (here) wit ..
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 ..
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