Westwood Insight – Offshore Field Development Capex to Reach US$137bn in 2026
Global offshore field development capex is forecast to reach US$137 billion in 2026 as operators double down on long-cycle projects. Despite geopolitical disruption and oil price volatility, operators have remained committed to long-cycle offshore developments, particularly deepwater and floating platform projects. Although contracting activity started slowly in early 2026, both the floating…
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