Offshore suppliers eye fresh orders as oil companies' profits soar

Rising oil prices and major profits at energy companies come at an opportune time for suppliers. Analysts expect the otherwise strained offshore carriers to begin ordering more ships in 2023, with Prosafe’s CEO reporting ”optimism in our field.”
Photo: Norges Rederiforbund/Norwegian Shipowners' Association
Photo: Norges Rederiforbund/Norwegian Shipowners' Association
BY DANIEL LOGAN, TRANSLATED BY JONAS SAHL JØRGENSEN

Major oil and gas companies have really begun boosting their earnings, with players including Equinor and Wintershall most recently reporting multiplied profits for the second quarter as a result of elevated prices.

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