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The COVID-19 pandemic has impacted more than 18 years of backlog in March & April 2020.
Jackup utilisation grew strong in 2019. With a 12% higher annual backlog, 2020 is starting positive.
Though rising demand in 2019 drove drillship utilisation by 10%, 2020 is starting with a weaker backlog.
Semisub market dropped slightly in 2019, driven by drop in demand and supply additions.
Earlier this month, a potential Subsea 7-Saipem merger made the news. We take a deeper look at their fleet and client portfolio.
Almost 550 wind turbines will be installed offshore Europe in 2019, 50% more than 2018. Installation time per MW is dropping.
Semisubs H1 2019 global marketed utilisation kept lower than H1 2018. However, H2 2019 might look different.
Jackups marketed utilisation grew by 5 percentage points during H1 2019, crossing the 70% mark due to rising demand globally.
Global marketed utilization crossed 75% in Q2 2019, for the first time in 3 years.
30% more exploration and appraisal wells were spud in H1 2019 than in the first halves of the last two years.
