Offshore rig market takes a hammering

Covid-19 is 'impacting more today than the oil price crash' says expert

Rigs stacked in Sabine Pass as seen from Walter Umphrey State Park in Texas, a seven-acre recreational park located at the southern tip of Pleasure Island next to the causewayto Cameron Parish, Louisiana. March 2005. Source: ANTHONY GUEGEL
Rigs stacked in Sabine Pass as seen from Walter Umphrey State Park in Texas, a seven-acre recreational park located at the southern tip of Pleasure Island next to the causewayto Cameron Parish, Louisiana. March 2005. Source: ANTHONY GUEGELFoto: anthony guegel
Published 2 April 2020, 08:43Updated 2 April 2020, 08:43