A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International. Read more
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Maritime Strategies International associate director offshore Gregory Brown. Read more
MSI’s Gregory Brown states that utilisation of floating drilling rigs (semi-submersible and drillships) is expected to rise over 70% in 2020. Jack-up rig utilisation is now climbing to more than 65%, statistics have shown. He foresees utilisation for anchor-handlers and PSVs will rise to 60% in 2020, a rise from 50% in 2017-18. Read more
The higher investment level on the Norwegian continental shelf will decline again next year, MSI have reported based on underwhelming exploratory drillings in the Barents Sea. Read more
MSI’s Dr Ferenc Pasztor thinks dual-fuel OSVs could be ordered in niche opportunities, such as when the charterer has gas resources of its own. “It really will depend on what happens after the start of IMO 2020 because of the additional capex”, says Dr Pasztor. Read more
MSI’s Ferenc Pasztor on the implications of oil price and OSV scrapping activity, published in OSJ. Read more here
MSI’s James Frew on the acquisition of Topaz Energy and Marine, published in offshore support Read more
With robust levels of field developments in the hopper, MSI’s Gregory Brown discusses the market outlook for Middle Eastern support vessels. To find out his thoughts on the offshore market view, watch the full Interview here.