Bassoe: Dude, where’s my offshore drilling rig market M&A?

 

The need for consolidation among offshore rig owners is just as dire as it’s ever been. Now that everyone loves offshore drilling again, many rig owners seem to think they’re strong enough on their own.

Consolidation. A lot of hype, not much execution. While the rig market struggled, everybody talked about it, but very few (and not nearly enough) did it.

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