DVB: Only three percent offshore growth in 2014
Oil companies are cutting costs, and in 2014 the investment growth will decline from previously double-digit rates to between three and five percent, says DVB in an analysis.
BY KATRINE GRØNVALD RAUN
The double-digit growth rates of recent years seen in oil companies' investments in exploration and production (E&P Capex) will not continue throughout 2014, says DVB in a new analysis of the offshore industry. Instead, offshore carriers will have to get used to a growth level of three to five percent, says the bank.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
DVB: Shipping will not recover before 2015
For subscribers
Seadrill prepares for reduced activity
For subscribers
