Tor Olav Troim Archives - Infill Thinking https://www.infillthinking.com Lifting the O&G knowledge curve Tue, 24 May 2022 12:21:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.9 https://www.infillthinking.com/wp-content/uploads/2016/09/cropped-Screenshot_4-8-32x32.png Tor Olav Troim Archives - Infill Thinking https://www.infillthinking.com 32 32 Tor Olav Troim Moves On Transocean’s Jackup Fleet As Expected https://www.infillthinking.com/quick-thoughts/tor-olav-troim-moves-transoceans-jackup-fleet-expected/ https://www.infillthinking.com/quick-thoughts/tor-olav-troim-moves-transoceans-jackup-fleet-expected/#comments Tue, 21 Mar 2017 00:58:40 +0000 https://www.infillthinking.com/?p=5971 As Upstreamonline first reported and we discussed last week, Norwegian startup Borr Drilling has been sniffing around Transocean’s jackup fleet. On Monday, Borr Drilling put out a press release confirming the reports. The company says it has signed an LOI with Transocean for the purchase of 15 jackups. Transocean has not released any official statements on the …

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As Upstreamonline first reported and we discussed last week, Norwegian startup Borr Drilling has been sniffing around Transocean’s jackup fleet.

On Monday, Borr Drilling put out a press release confirming the reports. The company says it has signed an LOI with Transocean for the purchase of 15 jackups.

Transocean has not released any official statements on the deal, leaving it up to the newcomer to announce the news to the market.

Some may view this sale as a negative for Transocean. We disagree and explain why in this update.

There’s a lot more to this story…

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Norway’s Former Dynamic Duo Independently Nibbling At Beaten Up Offshore Rig Supply https://www.infillthinking.com/infill-thoughts/norways-former-dynamic-duo-now-independently-nibbling-beaten-offshore-rig-supply/ https://www.infillthinking.com/infill-thoughts/norways-former-dynamic-duo-now-independently-nibbling-beaten-offshore-rig-supply/#respond Mon, 13 Mar 2017 15:46:58 +0000 https://www.infillthinking.com/?p=5744 Reports out late-last week suggested two significant offshore drilling M&A deals were in the making. One of the deals was confirmed Monday morning. The two deals are spearheaded separately by former partners John Fredriksen and Tor Olov Troim. Fredriksen’s deal is deepwater, Troim’s is a shallow water play. John Fredriksen left, Tor Olav Troim right …

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Reports out late-last week suggested two significant offshore drilling M&A deals were in the making. One of the deals was confirmed Monday morning.

The two deals are spearheaded separately by former partners John Fredriksen and Tor Olov Troim.

Fredriksen’s deal is deepwater, Troim’s is a shallow water play.

John Fredriksen left, Tor Olav Troim right

M&A, particularly among the US established drillers, has been kept at bay throughout the downturn by the extreme uncertainty in the marketplace. Is that changing now? Norwegian entities led by Fredriksen and Troim have been first movers at key market turning points over the past several cycles. Their bids could motivate other buyers to get in on the action or risk being left behind.

There’s a lot more to this story…

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