UK/IRELAND

Floater market collapse has upside

AS expected the market for new or refurbished floating production facilities has collapsed in 2016, with companies large and small pulling back on investments while oil price flounders between $US40-50bbl.

Haydn Black

According to Douglas Westwood, this downturn could have a benefit if the oil patch and shipbuilding industries move to a more standardised approach to FPS engineering. "This has been debated for many...

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