Friday May 24, 2019 1. Offshore spending on the rise (Click to enlarge)- Offshore investment is surging once again, although the uptick may only prove to be temporary. - The services market for offshore drilling will slow from 7 percent annual growth per year in 2019-2022 to just 3 percent from 2022-2025, according to Rystad Energy. - Higher prices has sparked more investment, but the resulting supply increase could push prices back down, cratering investment all over again. Roughly 5 million barrels of oil equivalent per day (boe/d) from the latest…
