In a year marked by huge spending cuts across the oil and gas industry amid urgently revised budgets and slashed investments, some analysts are now expecting a light at the end of this tunnel, at least offshore. From next year, Rystad Energy expects offshore oil and gas investments to rebound, but there will be a tectonic shift, with nearly half of that investment going to floating production and storage. Earlier this month, Rystad reported that Chinese shipyards are preparing for an increase in new orders for floating production, storage, and offloading vessels beginning next year. This increase would mean that offshore oil and gas exploration and production were on the rebound. In fact, Rystad’s analysts said that over the next five years, 40 percent of newbuilds for the energy industry would be FPSOs. They stopped short of forecasting what the total of new facilities would be and how it […]