Overview page containing news articles

Bassoe

List of the highlighted articles

Posted: 11 months ago

Bassoe: Welcome to the real world, where offshore drilling rig values are an enigma

Available assets, lack of capital, and sluggish fundamental market improvement are keeping rig value...

Categories:
  • Exploration & Production
Posted: 11 months ago
Posted: about 1 year ago

Update: Petrobras takes Laguna Star drillship on a two-year spin

Brazilian oil giant Petrobras has hired the Laguna Star drillship on a two-year contract. ...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: The offshore rig market should love China’s energy independence policy

With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And ...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Mexican companies scramble to find jack-up rigs amid overwhelming offshore drilling demand

Suddenly there’s a lot going on in the Mexican offshore rig market. So much that it’s confusing. Her...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe Analytics’ offshore rig market survey shows optimism is back

Survey respondents think drilling rig demand will increase and the harsh environment semi-sub market...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Report: CNOOC charters giant Bluewhale I rig

The Chinese oil and gas company CNOOC has reportedly chartered one of the world’s largest semi...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: You’re not hunting him, he’s hunting you – Awilco orders second harsh environment semisub

A little over a year ago, Awilco Drilling was just a company with two old North Sea semisubs. Now th...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Negotiating million dollar deals for breakfast – Shelf takes four stranded jackups from China Merchants

It’s only February, but Shelf has done the deal of the year so far. And China gets some relief for t...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Report: Gulf Drilling inks rig contracts with Shell and North Oil Co.

Qatari offshore drilling company Gulf Drilling International has reportedly won contracts for two ja...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Everything you need to remember about the offshore rig market in 2018

A great start, a disturbing ending, and a lot of excitement. Here’s our 2018 recap. Happy New ...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe – A good year turned bad: offshore rig backlog fell in 2018

By: David Carter Shinn, Bassoe Offshore You could say offshore rig owners dug themselves a deeper ho...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Whatcha gonna do with all those rigs, China?

There’s still over 50 newbuild jackups stranded in Chinese shipyards. It’s the end of 2018, and nobo...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Update: Alpha Petroleum takes Stena Spey rig on a long-term deal

Offshore drilling specialist Stena Drilling has reportedly secured a year and a half long contract f...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Ultra deepwater drillship Deepsea Metro I sold for $262.5 M

The current fundamentals in the market aren’t driving values; buyers are. ...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Ensco and Rowan just created the mother of all offshore drilling rig owners

The merger between Ensco and Rowan will change the entire offshore drilling industry. ...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: over 2 years ago

Most interesting deal of the year award? Noble scores big in newbuild jackup acquisition

Someone other than Borr has finally acquired a newbuild jackup. And other established rig owners are...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: This is why the world needs more harsh-environment semisubs

There just aren’t enough new rigs to meet long-term drilling requirements in the North Sea and Canad...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Saudi Arabia goes full throttle in offshore drilling spree

Saudi Aramco just gave the jack-up market a shot of adrenaline. Rig owners should be loving what the...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: This is why jackup rig dayrates will double

Let the newbuilds come. The jackup market is far from oversupplied. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Interview: Dive into the well of offshore drilling wisdom

Many of you, if at all interested in offshore drilling – reading this on Offshore Energy Today...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Borr Drilling takes jackup rig hoarding to a new level

Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset f...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

This is how you play the game: Northern Drilling takes first-mover advantage in the deepwater market (Bassoe)

With a clear strategy and commitment to execution, Northern Drilling is shrewdly maneuvering through...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: You’re not an idiot if you believe in deepwater drilling

The drillship market has sucked for years. Now it’s getting interesting. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Borr and Paragon kick off “Jackup Scrapfest 2018”, and the party’s just getting started

Nearly 20 jackups left the offshore rig fleet during the first quarter of the year. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe – Green oil: offshore rig technology disruption in Norway continues

The next generation of harsh environment semisubs is on its way as the Norwegian oil industry takes ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Borr wakes up to reality and becomes a real company

With their acquisition of Paragon Offshore, Borr Drilling isn’t just a cool feat of financially-engi...

Categories:
  • Exploration & Production
Posted: over 2 years ago