Offshore Drilling Is Coming Back With A Bang ...Middle East

After years of uncertainty and stagnation, the offshore drilling market is on the rebound and is in the early innings of an upcycle in investment and activity that will outpace the 2016-2019 cycle, major services and rig providers say.   Analysts and top offshore drilling executives say that offshore rig utilization and day rates are also rising in a market that is expected to tighten going forward. In one of the latest outlooks on global offshore drilling, contractor giant Transocean says that the market is recovering, with momentum…

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