A new report once again emphasizes how tough the 2014 oil price collapse was for offshore companies.
In the middle of 2014, the oil price suddenly started dropping from USD 100 per barrel and in early-2016 it got as low as USD 25 per barrel. The low price caused oil companies to cut their costs and that strained the offshore carriers, which service the oil companies.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.