DO - Offshore Drilling: 2018 Recap And 2019 Expectations
This article continues the tradition of writing recap and outlook for the next year for the offshore drilling industry (look here for articles on 2017 and 2018). Just like the previous time, I'll start with reviewing my expectations for 2018 and how they played out and then proceed to my views on 2019.
2018
Recovery will continue across all segments. True. Recovery continued, although its pace has been uneven. The North Sea floater segment was the hottest sector of the market, with dayrates for top rigs rising up to $300,000. Contracting activity increased