ESV - Dayrate And Utilization Trends Show Offshore Drilling Industry Clearly Improving - July 2019 Edition
It has become something of a tradition for me to discuss the dayrate and utilization trends in the offshore drilling industry on a regular basis. This is because these are two of the most important macroeconomic factors affecting the companies in the offshore drilling industry. Fortunately, leading consulting firm to the industry, IHS Markit, usually releases a report tracking these two industry metrics on a monthly basis. The company did so again, releasing its Offshore Rig Day Rate Trends Report for the month of July last week. This report only includes data up until the