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Operating profit of offshore rig operators may jump 30% in FY25: Report, ET Auto - Vimarsana News

Operating profit of offshore rig operators may jump 30% in FY25: Report, ET Auto

Published: December 27, 2023

Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs.

Source: indiatimes.com
Related Topics:
Naveen VaidyanathanAnkit KediaCrude PricesNaveen VaidyanathanOffshore Rig OperatorsRig OperatorsProfit Of Offshore Rig Operators
crude prices: Operating profit of offshore rig operators may jump 30% in FY25: Report - Vimarsana News

crude prices: Operating profit of offshore rig operators may jump 30% in FY25: Report

Published: December 26, 2023

Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs.

Source: indiatimes.com
Related Topics:
Naveen VaidyanathanAnkit KediaCrude PricesOffshore Rig OperatorsRig OperatorsProfit Of Offshore Rig Operators