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 ..
Written by Hieronymus Bosch on . Posted in Jackups/Liftboats, Offshore Drilling & Extraction, Offshore World, Platform Supply, Seabed Mining, Standby, Rescue & Emergency Services, Subsea Surveying, Work Boat World Features.
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 ..
Written by Hieronymus Bosch on . Posted in Commercial Mariner - Offshore, Commercial Mariner – Vessel Reviews, Jackups/Liftboats, Offshore Drilling & Extraction, Offshore World, Work Boat World Features.
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 ..
Written by Hieronymus Bosch on . Posted in Ausmarine - Shipping and Offshore, Commercial Mariner - Offshore, Jackups/Liftboats, Offshore Drilling & Extraction, Offshore Operations & Maintenance, Offshore Processing & Storage, Offshore World, Subsea Surveying, Unmanned Craft (Non-Naval), Work Boat World Features.
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 ..
Written by Hieronymus Bosch on . Posted in Offshore Drilling & Extraction, Offshore World, Work Boat World Features.
Last week we looked here at how China State Shipbuilding Corporation has decided to restart work on a pair of unfinished deepwater drilling rigs in Shanghai Shipyard at ..
Written by Baird Maritime on . Posted in Ausmarine - Shipping and Offshore, Jackups/Liftboats, Offshore Construction, Offshore Decommissioning, Offshore Drilling & Extraction, Offshore Wind, Offshore World.
The New Year brings good news for the global offshore projects sector, with key contracts being approved and others already underway and some even successfully concluded. ..
Written by Hieronymus Bosch on . Posted in Anchor Handling, Jackups/Liftboats, Offshore Construction, Offshore Drilling & Extraction, Offshore Wind, Platform Supply, Work Boat World Features.
In Part One (here) we looked at how the biggest names in the offshore sector, Tidewater and Bourbon have drastically shrunk their fleets in the face of pressure from ..
Written by Hieronymus Bosch on . Posted in Commercial Mariner - Featured, Commercial Mariner - Offshore, Commercial Mariner – Vessel Reviews, Offshore Drilling & Extraction, Offshore World, Work Boat World Features.
We have previously seen unwanted deepwater rigs scrapped in the breakers yards of Turkey, or held for conversion into subsea mining vessels by Allseas, as the drilling ..
Written by Hieronymus Bosch on . Posted in Jackups/Liftboats, Offshore Drilling & Extraction, Offshore World, Work Boat World Features.
Another Christmas Eve, another frantic effort from a struggling Norwegian offshore contractor to cobble together a deal with its creditors before the end of the year. A ..
Written by Hieronymus Bosch on . Posted in Ausmarine - Shipping and Offshore, Commercial Mariner - Offshore, Jackups/Liftboats, Offshore World, Platform Supply, Work Boat World Features.
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 ..
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