Page 10: of Marine News Magazine (September 2018)

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BY THE NUMBERS

Offshore Energy Support: Mergers,

Bankruptcies – and Resurgence [?] – Oh, My!

A glimmer of hope in the offshore energy markets – es- strong position to ride the market up (utilization/rates/val- pecially here in the Gulf of Mexico – has oil support opera- ues), provided their vessels are in good working condition.” tors and their clients alike looking to a better tomorrow. It For the MODU side of the equation, 2017 was a year has been a long time since anyone could say that. Multiple of mergers and acquisitions, with two particular market bankruptcies have dogged offshore service