Infill Thinking Lifting the O&G knowledge curve
As Infill Thinking readers are well aware, the protracted downturn for the industry as a whole has been particularly hard on offshore businesses. At the extreme end of the offshore pain spectrum sit the offshore supply vessel (OSV) contractors.
Historically a commoditized service line with few barriers to entry, the OSV landscape now resembles a barren wasteland with no visibility on stabilization, let alone recovery. Half the global fleet is stacked, and some fleets may soon be past the point of no return.
There’s a lot more to this story…
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