Lower oil prices, an overhang of laid-up vessels and continued ordering of newbuildings are conspiring against concerted improvement, says Maritime Strategies International senior offshore analyst Dr Ferenc Pasztor
New rotorcraft are reducing costs in the offshore helicopter market while E&P opportunities are also opening up. But is this enough to revitalise a sector hit hard by the oil and gas downturn and burdened by oversupply?
A unique 2 day conference to be held on 4-5 September in Bergen, Norway. This event will examine how vessels of all sizes can achieve significant reductions in fuel consumption, maintenance costs and emissions.