Offshore spending primed to rebound by 2022 amid $80 oil, says report

Predicted rise in oil prices to $80 by 2022 combined with technology advances and low-carbon drive could see investment surge

Advances: a subsea compressor train in Norway being readied for Equinor's Aasgard project. Subsea compression technology could make a big dent in future offshore project costs — Advances: a subsea compressor train in Norway being readied for Equinor's Aasgard project. Subsea compression technology could make a big dent in future offshore project costsPhoto: AKER SOLUTIONS

Iain Esau

London

Thunder Said Energy Guyana Norway US Gulf of Mexico Africa

Published 28 July 2020, 11:27Updated 29 July 2020, 13:44