Thursday, August 20, 2026

Offshore Drillers See Recovery by 2020

From Reuters/UK (Reuters) – Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude LCoc1 selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020. At the depths of a global slide that took oil below