The deadly offshore slump, which has been claiming victims all around the globe, started off primarily in countries with deepwater exploration. Slowly, it percolated to every oil-producing country with sizeable offshore assets. Everyone in the industry, from energy majors to contractors, is suffering in the current climate, with each trying hard to cut costs and weather the tough times. Heated boardroom meetings and intense renegotiations are the name of the day.
India,
