EnergyWatch

US shale boom puts pressure on the entire industry

US shale oil is now being produced at such a rate that it could threaten the stability currently enjoyed by the sector, projects Rystad Energy. One of the major suppliers of offshore rigs, shipbuilder Keppel, does not see a recovery anytime soon.

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The somewhat stable oil price, hovering at around USD 50, could be replaced by a new collapse in the near future. And as such, the small signs of recovery for which the entire supply chain of energy companies, subcontractors, and shipbuilders is yearning would be pushed even further into the future.

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