Embattled operators still in control

OIL and gas operators taking a beating from historic low oil prices are still firmly in the driver's seat when it comes to bargaining power with rig managers, offshore support vessel contractors and subsea vessel owners who are being pushed to breaking point.

Embattled operators still in control Embattled operators still in control Embattled operators still in control Embattled operators still in control Embattled operators still in control

Douglas-Westwood's latest analysis has revealed that service companies are trading at 60-70% discounts to 2013 highs, while every week seems to usher in a new wave of profit warnings, impairments or

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