Entries by Raya Guruswamy

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Emerging Markets in West Africa

New Frontiers ECOWAS is an organization which is unlikely to be known my many. The Economic Community of West African States is a 15 member bloc of countries founded in 1975 and encompasses just under 350 million people. Like NAFTA – it is a trading block. Unlike NAFTA, it has a (small): parliament, development bank […]

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Consider These Trends If You Are Buying Or Selling Rigs In 2017

Valuations in Buying or Selling Rigs According to VesselsValue, valuations for some drilling contractor rig fleets have decreased by 40%. This is a likely higher for companies with older fleets. However, there are several opportunistic firms buying or selling rigs determined to use this down-market to buy rigs at severely discounted prices. In conversation with several clients, this […]

Rigs Market

The global market for rigs makes for depressing news. This is especially the case if you’re an offshore deep-water drilling contractor with an ageing fleet and low utilization rate (i.e. contracted divided by owned rigs). Perhaps slightly better news if you have a newer fleet and diversified in your rig portfolio (jack-ups, semis, drill-ships). Finally, […]

Updates and Changes

It’s been some time since our last blog post and it’s certainly not due to a lack of activity on our part. If anything, we’ve made more progress in the last few months with growing EnergyFundz than we have over the last year. So what’s changed?