Posts

Nigeria and Oilfield Sales

“But, it’s Nigeria”, was the feedback during a recent conversation with a client on the potential to expand oilfield sales to Nigeria. To be fair – it is likely many small to mid-tier international oilfield companies have said (or thought) something similar on the prospect of expanding oilfield sales in this part of the world. Read more

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 has been compared to Baron Rothschild’s advice: “The time to buy is when there is blood in the streets”.  Below are EnergyFundz’s™ observed trends in buying or selling rigs. Read more

As we wrote about recently, acquisitions involving US rigs and oilfield equipment are getting the attention of international buyers. There is little information, however, on what needs to be considered before transporting rigs and oilfield equipment. Read more