The oil price outlook has recently shifted from bearish to bullish, largely due to escalating tensions in the Middle East. As conflicts in the region intensify, it has become increasingly difficult for suppliers and buyers across the oil and gas supply chain to plan effectively for 2025. Although there may be near-term challenges in the world of project sanctioning and contract awards, the floating production, storage and offloading (FPSO) sector is undergoing a significant transformation to secure a position front and center in the future…
FPSO Investments Surge Despite Geopolitical Uncertainty
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