Global active OSV fleet boosted by significant reactivations - Westwood
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Westwood Global Energy Group
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10 June 2022Higher oil prices in the first half of 2022 and its impact on oil market fundamentals is already showing a material uptick in offshore exploration and production (E&P) investment and rig count, says Westwood. This will drive considerable demand for Offshore Support Vessels (OSVs) over the next two years, encouraging owners to reactivate their idle fleets.
read more [source: Westwood Global Energy Group]