Nordea expects huge oil rig industry restructuring in 2017

Next year, several rig companies will be forced to restructure in order to survive, says Nordea markets. Many rigs will be scrapped, particularly amongst US players, explains senior analyst Janne Kvemland to ShippingWatch.

Photo: Maersk Supply Service

Rig companies the world over are battling for survival and next year will likely be a critical one for many players on the market, says Janne Kvemland, a senior analyst at Nordea Markets with expertise in suppliers to the oil industry.

Recently, Nordea Markets examined 14 listed rig companies and presented a report on the rig market.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs