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?
Riviera’s Sulphur Cap 2020 series of events has been very successful in bringing together leading industry figures to address the most pressing issues. This conference will return to Singapore on 15-16 October for what will be a vital meeting as the industry prepares for IMO 2020 regulations.