Thursday, January 28, 2021

Keppel to Exit Rig Building

SINGAPORE, Jan 28 (Reuters) – Singaporean conglomerate Keppel Corp said on Thursday its struggling offshore and marine (O&M) segment will exit the rig-building business and shift its focus to infrastructure projects, including...

January 28, 2021
Total Views: 2531

Friday, November 13, 2015
Maritime News

Norwegian Investment Banks Touting Oil Rigs at Firesale Prices

By Luca Casiraghi and Mikael Holter (Bloomberg) — Pareto Securities AS is among banks targeting debt funds and private-equity firms to buy oil rigs at firesale prices to hold until...

November 13, 2015
Total Views: 2

Wednesday, October 7, 2015

Blowtorch Beach, Turkey: Where Old Offshore Oil Rigs Go to Die

  By Firat Kayakiran, Naomi Christie and Angelina Rascouet (Bloomberg) — When offshore oil rigs reach the end of their useful lives, many head for their final resting place at...

October 7, 2015
Total Views: 28