Page 10: of Marine News Magazine (September 2018)

Offshore Annual

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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

Marine News

Marine News is the premier magazine of the North American Inland, coastal and Offshore workboat markets.