The winners and losers of Big Oil's offshore spending revival

Oil majors are set to start investing again after four years of lowering costs. But not everyone in the offshore sector stands to benefit equally from the increased spending.

Photo: Bloomberg

After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits will not be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines.

The long-awaited spending rebound will re-energize oil-services providers that have survived the deepest crisis in a generation thanks to cost cuts, mergers and sometimes painful debt restructuring. But for some debt-laden suppliers, the investment pickup may come too late.

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