With exploration and production (E&P) pushing growth into single figures after at least a decade of double-digit expansion, the pressure of cutting ever-rising costs at the same time as meeting sky-high vessel specifications was a major issue for owners and their clients at this week’s TradeWinds Offshore Marine Forum in Oslo.
As the price of oil ultimately determines the fortunes of all participants in the offshore sector, the conference began on the topics of oil and E&P spending, and moved down through the value chain to hear from shipowners’ clients.
Well-known
