Dateline City:
Norwalk, Conn.
Financial crisis, followed by repercussions from the Macondo accident, now giving way to recovery and reinvestment
During the turbulent past three years, customers of offshore drilling companies were hit with a one-two punch—the impacts of the financial crisis of 2008 to 2009, and the drilling moratorium that followed the Macondo incident, and while several of these drillers have struggled to rise up off the mat, according to an IHS (NYSE: IHS) report, the sector is finally starting to show signs of recovery and reinvestment.
Language:
English
