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Global active OSV fleet boosted by significant reactivations - Westwood

View all news from: Westwood Global Energy Group
View directory entry for: Westwood Global Energy Group

10 June 2022

Higher 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]