16/09/25 -"Deepwater Crosscurrents"
16/09/25 -"Deepwater Crosscurrents"
- Macro headwinds, policy uncertainty (Trump tariffs, LNG export permits, Offshore Wind), and cost inflation could all cap upside
- Offshore capex is at decade highs with megaprojects driving FPSO demand; but with Brent below $70/bbl, is it sustainable?
- Technip Energies, Saipem, SBM Offshore, Tecnicas Réunidas, Fugro, Viridien, GTT have different exposures — LNG EPC/carriers, wind, FPSOsm downstreams... Who has the setup to win?
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