US contractor McDermott is setting its sights on opportunities in the rebounding ultra-deep-water market, although the speed at which this market is returning remains cautious, according to chief executive David Dickson.
“I think our customers are taking a more cautious approach to moving ahead with projects,” he tells Upstream.
“I think generally the market was feeling that the oil price being what it was, that there would be another big spike, but I think as an industry there’s a focus around controlling costs, trying to control inflation.”
