Offshore in depth

During my early career as a service company product manager, I travelled so much that my young sons were convinced that I worked for the CIA, especially after a long trip to Germany that coincided with the fall of the Berlin Wall. At the time, my job did involve gathering intelligence—not on geopolitics, but on the oil and gas industry—just as my role as a World Oil columnist calls for drawing conclusions from seemingly disconnected information. This month, the “satellite pictures” of the offshore industry present a mixed message, showing signs of serious distress, as well as the determination to be ready when oil prices recover.

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