Headwinds, high seas and consolidation in a reviving market

摘要

Day one of Riviera's Annual Offshore Support Journal Conference heard that the industry is being buffeted by headwinds and high seas -but also that there are signs of a market recovery. Against the backdrop of Clarksons Research market analysis forecasting secure short- and medium-term oil demand, the rise of renewables and the strength of US shale production, offshore executives looked to fundamental changes as a way to meet challenges in the sector.