Although the mainstream press will focus on the orders, there’s something unique about them that could have big implications in the sector… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If …
Read More »As The Fed Climbs Out Of The Interest Rate Crevasse, O&G Implications Are Mixed
The Fed raised interest rates for the second time in a decade on Wednesday. The Federal Open Market Committee raised its target range by a quarter point to 0.5% – 0.75%. The committee also expects to make three rate hikes in 2017, two or three in 2018 and three in 2019. …
Read More »Atwood’s Drillship Mortgages Are An Industry First
Offshore drilling contractors have been signing deals with shipyards to delay taking rig delivery for several years now. With no visibility on work, it’s better to leave rigs on the docks where they took shape than to store them somewhere harsher. This morning Atwood announced a delay deal on a pair of …
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