Offshore Deepwater Drilling To Dominate Oil in 2020s

About a month ago, news emerged that Seadrill and Transocean, the offshore drilling heavyweights, were discussing a merger aimed at capitalizing on a rebound in investments in the business. Soon after, Portugal’s Galp launched its second drilling campaign offshore Namibia after a huge discovery, and Suriname is about to become the second Guyana. Offshore is back—and it’s back to stay. Earlier this month, Wood Mackenzie reported that offshore drilling was going to increase significantly in the coming years, with production from…