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.
The report focuses on Asia/Pacific new rig contract awards, outstanding and new rig requirements, rig moves, operator and drilling contractor updates, financial news, shipyard updates and other news relevant to the region.
OPEC’s aim for market stability further from reality than ever In Q2 2019, OPEC yet...
Investment in Asia, Middle East to lift global Oilfield equipment sector In the first quarter...
The offshore market is set for a bumper year with 83 greenfield FIDs expected, totalling...
FPS Market Rebounds as Order Value is Expected to Total $59.2bn over the 2018-2022 Period...
Today, the FLNG industry is moving into a ‘second wave’ of developments, with the market opening to a greater number of participants.
A Second Wave – $53 billion of FLNG Investment Expected as Market Bursts Back to...
7th March 2018 FLNG projects require significant capital investments, thus access to financing is a critical...
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