BW Offshore is reiterating its commitment to oil and gas production and hopes to land a new floating production, storage and offloading unit deal soon.
The Andreas Sohmen-Pao-backed FPSO owner said on Thursday that, following a strategic review, its forecast demand for fossil fuels remains strong for the years to come, putting the company in a strong position as it hopes to hash out a new project within the next year.
“The current market context is very clear: Oil and gas will be here for longer,” chief strategy officer Anders Platou said during a second-quarter earnings call.
Source: By www.tradewindsnews.com