Transocean's takeover of Songa Offshore serves as a manifestation of the consolidation that has begun in the offshore industry and will undoubtedly entail many remarkable mergers and acquisitions in coming years.
There is a clear expectation among Nordic offshore analysts that many of the companies we know today will be acquired by either offshore companies with vast history behind them or by new companies. Tor Olav Trøim's launch of acquisition-thirsty new player Borr Drilling is cited as an example of this trend.
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