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Shipping magnate Nicolas Saverys returns to offshore drilling after more than two decades - Upstream Online

Upstream Online · last updated

Shipping magnate Nicolas Saverys returns to offshore drilling after more than two decades | Upstream Online

Shipping tycoon Nicolas Saverys is returning to the offshore drilling sector after a gap of more than two decades.

Saverys has made his move via Exmar, the shipping company he controls, at a time when the drilling market is seen as being at the start of a multi-year upturn and ripe for consolidation.

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Related Knowledge Center: Offshore drilling

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The Biden administration is proposing additional leasing for offshore oil and gas drilling, largely limiting the plan to the Gulf of Mexico.

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