UK/IRELAND

Floater market slowing, becoming leaner

THERE'S more evidence, if any were needed, of a further slowing outlook for oil production, with a sharp contraction in orders for floating production facilities to a level substantially lower than expected last year.

Haydn Black

Douglas-Westwood's new World Floating Production Market Report 2016-2020 forecasts that capital expenditure for floaters will total $US58 billion ($A78.5 billion) over the period out to 2020, and while...

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