Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020. However, pricing is expected to remain competitive and contractors will need to remain focussed on profitability being locked into low-margin purgatory.
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Floating Production: will the HHI/DSME mega-merger turn the tide and allow South Korea to claw back market share from China and Singapore?
The offshore market is set for a bumper year with 83 greenfield FIDs expected, totalling...