Offshore AUV & ROV Markets, 2026 - Drilling & Well Completion Support, Construction Support, Inspection, Repair & Maintenance Service, Subsea Engineering Services
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Offshore AUV & ROV Markets, 2026 - Drilling & Well Completion Support, Construction Support, Inspection, Repair & Maintenance Service, Subsea Engineering Services
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
10 Best Cheap Oil Stocks to Buy in 2021
For the past several years, the oil industry has seen enormous growth in demand and revenue. However, the coronavirus crisis hammered the industry as demand crashed, production plants shuttered and the market saw a supply glut that have no precedents. According to an article published in Deloitte, oil demand is forecasted to rebound strongly in 2021. However, it will still be 4% lower than pre-COVID-19 in the base case.
The Association of Petroleum Exporting Countries (OPEC) is a 13-country intergovernmental organization founded in 1960 by its first five founders, the Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. In 2020, OPEC held 79.1% of the world’s proven oil reserves. In 2021, according to the latest Short Term Energy Outlook (STEO), OPEC sales are expected to rise marginally to $397 billion due to a larger output as global demand increases and a rise in crude oil prices.
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Offshore Rig Workers Denied Win In OT Row
Law360 (April 30, 2021, 1:39 PM EDT) Offshore oil and gas rig electricians can t win yet on claims that an energy services company denied them overtime pay after a Texas federal judge ruled that a dispute remained as to whether the workers were exempt from overtime pay and whether the company acted in good faith.
In a memorandum and opinion Thursday, U.S. District Chief Judge Lee H. Rosenthal denied the Helix Energy Solutions Group Inc. electricians bid for partial summary judgment, saying factual issues remained about whether they fit a Fair Labor Standards Act carveout for seamen.