MARKETS

Global rig outlook rising

FORECASTER IHS Markit believes the market for offshore drilling rigs will rise over the next two years thanks to the heady mix of rising oil prices and cost efficiencies that have been baked in during the years of the downturn, but locally the outlook is flat.

Rig demand is increasing.

Rig demand is increasing.

Consistently higher oil prices are driving offshore operators to make longer-term plans as projects become more cost effective, particularly in deepwater areas.    It estimates the average global demand...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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