The Offshore Drillers Are Steering Into A Hard Landing That Will Last Years

In the upstream sector, carnage isn’t hard to find. In fact, we’ve all become a bit desensitized to it. But in this beaten-up oilfield, the offshore drillers stand out, not just for recent hardships but because years of austerity lie ahead. A construction overhang factors in, but that’s not the only problem facing the offshore industry. Here’s what lies ahead…

There’s a lot more to this story…

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