Good contracts will indeed keep coming. The oil field services companies are still reporting very good conditions that are continuing to gain momentum. A small snippet from the recent Schlumberger 4Q call:
Looking across this wide baseload of activity, a significant portion is taking place offshore, where capital expenditures will continue their growth momentum in 2024. As a result, the rig count will continue to rise, mainly in the Middle East and Asia, responding to a strong FID pipeline in both shallow and deepwater. All in all, we see the potential for more than $100 billion in global offshore FIDs in both 2024 and 2025, underscoring the enduring strength of the offshore markets and supporting a very favorable subsea outlook for years to come.In this context, although geopolitical tensions persist in several regions, we do not expect any significant impact to activity in 2024, absent further escalation.
Additionally, although we have witnessed short-term commodity price fluctuate over the past few months, long-cycle investment in the Middle East, offshore and gas markets remain decoupled from short-term pricing, which will continue to support the resilience of these markets.
- Forums
- ASX - By Stock
- MCE
- No love but a believer
No love but a believer, page-6
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCE (ASX) to my watchlist
|
|||||
Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.45M |
Open | High | Low | Value | Volume |
33.0¢ | 33.0¢ | 33.0¢ | $3.245K | 9.833K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24240 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 4000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24240 | 0.330 |
1 | 1460 | 0.325 |
3 | 21828 | 0.320 |
2 | 43465 | 0.315 |
3 | 95000 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 4000 | 2 |
0.340 | 89148 | 4 |
0.345 | 5000 | 1 |
0.350 | 8450 | 1 |
0.360 | 1115 | 2 |
Last trade - 10.04am 28/06/2024 (20 minute delay) ? |
Featured News
MCE (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online