The fortunes of supply vessel operators rise and fall in lock step with offshore contract drilling companies. Drillers are dependent upon the E&P activity of oil and gas companies, who are primarily dependent upon oil and gas prices. However, events other than market influences can sometimes determine whether a particular offshore region will enjoy significant drilling and production activity. It can be a vicious cycle. Join in the discussion as David Krapf, Editor in Chief of WorkBoat shares the details from the exclusive WorkBoat OSV Day Rate Report and G. Allen Brooks offers insight on the future of the rig market.
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