Rig builders: ODS Petrodata believes there is enough “apparent demand” to absorb all the deepwater rigs currently under construction even if Brazil proceeds with plans to construct 28 units. Also notes with two functioning containment systems for spills now in place, permitting in the Gulf of Mexico could resume at a relatively rapid clip. This ties in with Deutsche (USA) views that high oil prices will drive a resurgence in marginal activity, pushing jackup demand and pricing higher…
ben_oh : … Deutsche maintains Overweight view on the O&M sector, believes Keppel (Buy, TP $14.20) and SMM (Buy, TP $7) should benefit from any upgrade and/or replacement opportunities with increased scrutiny of aged offshore assets.
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