As the ongoing drilling upcycle empowers rig owners, new offshore drilling playgrounds with better benefits are popping up on the companies’ radars. This interview sheds more light on whether this trend will lead to a further exodus from the North Sea market and a mass pivot toward other destinations.
While emission reduction quests are part of the long-term energy transition game, the short-term outlook does not foresee a wave of new rig upgrades to curb the carbon footprint due to the current market fundamentals, according to Todd Jensen, Senior Offshore Energy Market Analyst at MSI. Read more at Offshore Energy.
