Insight
After the crash: what’s next for the service sector?
Report summary
We assess the current state of the service sector and what we can expect to see moving forward with respect to demand, key supplier relationships, marine costs, financial health and company strategies. This is what we look at more closely in this Insight: Forecasted demand will be reset at structurally lower levels A shrinking asset base of rigs and vessels won’t stop falling day rates Contractual relationships are up for grabs to secure the best costs and lead times Financial health of the sector is going from bad to worse Companies are adapting strategies for a low carbon future
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- Executive Summary
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