Tag Archives: construction

This week we miled up the rental car, dirtied up the steel toes, and took it all in out in the Permian Basin. General market observations from our Permian visit will be provided via several installments of these “quick hit” pieces as we process and compile what we’ve learned. Our …

The hardest sell in the entire O&G industry right now is without question a newbuild offshore rig order. Demand for offshore newbuilds is actually negative. Contractors continue to push out delivery dates, in some cases paying up to avoid taking delivery. With little visibility on a recovery, shipyards are being forced to …