Five-Year Offshore O&G EPC Spend To Hit Massive $276 Bn Mark
Offshore EPC spend is expected to total $276 billion, a 71 percent increase compared to the preceding five-year period, Westwood says.
Source: rigzone.com
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Global active OSV fleet boosted by significant reactivations | Hellenic Shipping News Worldwide
Brent crude oil price hit $100/bbl in early 2022 – the first time since 2014 – and prices remain elevated driven by the tightening supply/demand for oil, which has been exacerbated by uncertainty around the Ukraine crisis. Higher oil prices are driving a bumper year for offshore investment, with upstream engineering, procurement and construction (EPC) ...
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Source: hellenicshippingnews.com
Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says
Westwood reveals an uptick in offshore E&P investment and rig count with the demand for OSVs resulting in more idle fleets being reactivated.
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Source: offshore-energy.biz