Welcome to Offshore Week!

OFFSHORE WEEK

It’s everything offshore this week and next at BairdMaritime.com as we visit all four corners of the globe to bring you the latest news, vessel reviews, features and opinion pieces covering all aspects of the global offshore oil and gas industry.

OSVs • Exploration • Extraction • Processing • Construction • Storage • Operations • Renewables

Remember to come back every day to see the latest news, opinion and vessel reviews!


Introductions:

Long-running slump continues for troubled offshore sector

– “Rather less hubris and arrogance might save the wider maritime industry from a lot of pain and personal tragedy”

– by Neil Baird, co-Founder, Baird Maritime

The slow road to recovery

– “For the first time in five years, the entire industry can look forward to a world where business conditions are improving, rather than deteriorating”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations


Features and Opinion:

Rich flags, poor reports… – Part 1

– Incident investigation and flag states: Teras Lyza, Bourbon Rhode, Singapore and Luxembourg

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations

Bourbon deadline looms – banks poised to take control

– “Good luck to SPP getting court approval in Marseilles, and we must bid Mr de Chateauvieux adieu”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations

Rich flags, poor reports… – Part 2

– “All I want for Christmas is thorough, public and timely flag state reporting into these events”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations


News and Gear:


Recent Important Features:

The McDermott Way….to Chapter Eleven?

– “If you thought the worst was over with such a large loss, the expensive resignation of the CFO, and the emergence of an SEC investigation, you would be sadly mistaken”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations

POSH and Robert Kuok: Let’s take this private

– “Sell the shares to the public above book value when offshore hype was at its craziest, then buy them back below book value when despair rules the day five years later. That’s how you become the richest man in Malaysia”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations

Chickens come home to roost – Part Two: Ezion and Emas

– “This is what the bottom of the market looks like. Formerly valuable assets are worth pennies, and major players lack the cash to hold onto them anymore”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations

McDermott: Top management reaps the rewards of company’s financial crisis

– “The sooner those receiving retention bonuses are let go, the better for all in McDermott”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations

Chickens come home to roost at ENI, Bourbon and Petrobras

– “I wanted to follow up on some of the stories we have run over the last year, especially those which feature corruption, malfeasance and incompetence. Or all three”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations

Deepwater drilling industry still flashing red

– “Surely shareholders and employees deserve better than blatant self-enrichment in the C-suite? We’ll see”

– by Hieronymus BoschBaird Maritime’s commentator on the world of offshore oil and gas operations


Remember to come back every day to see the latest news, opinion and vessel reviews!

Call for content!

Any news or views about the global offshore industry? Send it through to editor@baird.com.au ASAP (between now and December 20), so we can add it to this current edition of Offshore Week!

We are after:

  • Vessels – Orders, new deliveries, under construction
  • Gear – Latest innovations and technology in the passenger vessel sector
  • Interviews – Owners, operators, designers, builders etc.
  • Reminiscences – Do you have any exciting, amusing or downright dangerous anecdotes from your time in the offshore world? (example here)
  • Other – Any other relevant news

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Alex Baird

Alex Baird is the Managing Director of Baird Maritime