GULF of Mexico rig counts are down, employee ranks are thinner and dayrates have been slashed as a period of low global oil prices drags on, but US offshore oil and gas players say they are continuing to muscle through.
Companies finding a silver lining include players such as Freeport McMoRan, which despite the industry gloom submitted paperwork on an initial public offering for its oil and gas unit, a business centred around the US Gulf’s developed deep-water assets.
The
