While more than 170 projects involving oil production floaters and 35 floating liquefaction projects are in various stages of planning, low oil prices has meant final decisions for many of them are on hold, Washington-based consultancy International Maritime Associates (IMA) said.
“Oil company capital budgets are being trimmed to offset the downturn in revenue and investment decisions are being deferred until oil pricing rebounds - and the investigation involving Petrobras is impacting its ability to order new production floaters,” commented IMA managing director Jim McCaul.
McCaul
