20
Nov

Global OSV fleet utilisation projected to reach 78% by 2027

Robust 45% growth in offshore EPC investment Oil prices sustained above $80/bbl since January as weaker demand fundamentals were offset by geopolitical risk in the Middle East and stagnant supply. Seasonal demand growth coupled with full OPEC+ cuts before the Group’s announcement to roll back on voluntary reduction from September should drive tightness in the …