Growing Backlog For Offshore Drillers Points To Coming Boom

Earlier in the year, we reported that the offshore oil and gas sector has been witnessing robust growth across the board, with full-year 2023 data points released by Clarksons Research painting a picture of a sector in the pink of health. Global offshore oil and gas markets posted impressive growth in 2023, with the proprietary Clarksons Offshore Index that tracks rig count as well as offshore support vessels (OSV) and subsea day rates climbing 27% to a multi-year high of 106 points.  Even better for the bulls, the Clarksons Offshore Index…