July 25th, 2019 - 11:00 GMT
Many Arabian oil exporters have begun to increase their offshore spending after nearly five years of massive cutbacks, according to a Seatrade Maritime report titled ‘Middle East Offshore Market on the Move.’ The report further points out that multibillion relevant projects in the region is expecting to inject new energy into the sector. In line with this, many analysts have observed that a number of national oil companies in the Middle East have recently started the process of boosting their exploration and production budgets. Citing a study released by MEED ...