Offshore Drilling Grows as US Shale Gets Left Behind
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American oil-services companies are pivoting overseas for growth as the US shale industry declines. International markets are experiencing a multiyear expansion in capital spending. The US has become the world's largest oil producer, but the industry's biggest contractors are seeking growth opportunities elsewhere. Offshore drilling is expanding while US shale gets left behind. American oil-services companies are looking for growth in international markets.



https://www.bloomberg.com/news/newsletters/2024-04-22/offshore-drilling-expands-as-us-shale-gets-left-behind