A Looming Supply Glut Could Undermine the Offshore Oil Boom ...Middle East

Offshore oil is back in a big way. After years of costly offshore oil contacts being put on ice due to lower-than-ideal oil prices and uncertain future demand, these projects have been roaring back to life around the world. But the future of the sector remains uncertain as a looming oil glut may be scaring off would-be investors. The last few years have seen a boom of offshore oil projects across the US, Brazil, and Guyana, with some growth in Africa and Asia as well. As a result, the floating oil rig business has gone gangbusters, with the average…

Hence then, the article about a looming supply glut could undermine the offshore oil boom was published today ( Saturday 30/11/2024 - 11:08 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( A Looming Supply Glut Could Undermine the Offshore Oil Boom )

Also on site :

• NANOscientific Symposium Series 2025 Concludes Successfully, Marked by a Landmark Celebration of 40 Years of AFM at Stanford
• Somalia: Somalia Parliament Approves $1.38 Billion Budget for 2026
• From Hypocritical Loyalty to Transparent Desire: XFun Addresses the Dating "Deception Crisis" as 50% of Users Now Normalize Infidelity