ShippingWatch

Maersk Drilling CEO sees three major obstacles for strained drilling sector

Three significant problems characterize the hard-pressed drilling sector from the get-go of 2021. However, the fact that competitors have filed for Chapter 11 helps with one of the issues, says Maersk Drilling CEO, who reports of talk about consolidation among major industry players.

The drilling industry currently finds itself in a situation in which there is a need to examine the possibility of consolidation. And this is a factor that will characterize the year to come, says Maersk Drilling CEO Jørn Madsen. | Photo: Stine Bidstrup/Stine Bosse/Ritzau Scanpix

The hard-pressed drilling sector faces three problems in particular, which are all leaving a significant mark on the industry from the beginning of 2021, argues Maersk Drilling CEO Jørn Madsen.

One of the problems is already well underway to being dealt with due to the large number of drilling companies filing for or already being under receivership under the US court system through the so-called Chapter 11.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs