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O&M margins will stay lower for longer
IHS Markit's data shows offshore rig day rates trending at only a third of the peaks before oil prices crashed in 2014
Offshore and marine (O&M) margins are staying lower for longer - even with contracting activity picking up after oil held out above US$60, observers say.
PHOTO: ST FILE
Singapore
OFFSHORE and marine (O&M) margins are staying lower for longer - even with contracting activity picking up after oil held out above US$60, observers say.
M3 Marine's managing director Mike Meade said the industry at large is at best "putting on some meat on the bones...
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