Rig supercycles, crystal balls, and Russian oil on sale

The gang discuss buying their very own Energy Voice jack-up rig to profit from the looming supercycle. Hamish explains how oil rig day rates look set to rise as business in the North Sea experiences a resurgence. However, by how much and at what speed depends largely on FOMO – or fear of missing out.  

As always, much depends on the direction of oil prices, which have surged in recent months, and the team dig out their crystal ball in a bid to project the future.  

Ed also shares his insights on the latest deals in Angola that add up to just under $1 billion. While Damon looks at India’s efforts to buy heavily discounted oil from Russia.  

 

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