Offshore Oil and Gas to Rebound

EY has announced that “offshore oil and gas is slated for a rebound in the next two to three years as rising energy prices make marginal projects viable”. Research has shown that offshore developments are set to provide higher long-term returns than shale. Oil prices are peaking, but they are set to remain reasonably supported with global demand in conjunction with supply disciplines. The rebalance of the market in December of 2016 by America and OPEC has created a positive trajectory for oil prices. For more on this article, visit the full story here.