Westwood estimates 2017 global utilization reached a low of 32%, down from 55% in 2014.
The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO). In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999.
VesselsValue (VV), a world leading online valuation provider, is launching daily Discounted Cash Flow (DCF) valuations for Mobile Offshore Drilling Units (MODUs).
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