In an analysis on Wednesday, the international megabank, Goldman Sachs lowered its estimates for the oil price. However, the expectations to the oil companies’ investments are still high, not least when it comes to the market for deep sea rigs. A market highly concentrated on by the Maersk Group’s drilling branch, Maersk Drilling.
Goldman Sachs notes that in spite of major fluctuations in the oil price and the earnings of the major players in the oil industry, investments, Capex, have only fallen three times since 1994 – in 1999, 2000 and 2010. Furthermore, the major oil companies have strong balances prompting Goldman Sachs to expect that investments, e.g. in rigs for exploration drilling, will increase.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.