Clarksons Research will be exhibiting at OTC 2026 4th to 7th May – visit us at booth 1749-A.

01 May Clarksons Research will be exhibiting at OTC 2026 4th to 7th May – visit us at booth 1749-A.

(Oilandgaspress) -– Clarksons Research has released key data points profiling the offshore oil & gas sector and associated vessel markets. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research commented:

• Offshore oil and gas contributes 16% of global energy supply, including 26.5m bpd of oil and 130.4bn cfd of gas.
• Following $112bn of Final Investment Decisions (FIDs) in 2025, we project $85bn in CAPEX for 2026 ($34bn already committed in the year to date)
• After a softer 2025, the Clarksons Offshore Rate Index (tracking day rates across drilling, support vessels and subsea) is up 3% in the year to date to reach 111 points (for context, this is 11% above the 2014 high and double the 2018 low)
• Global Jack-Up demand sits at 387 units (+13 units y-o-y) and utilisation at 89%; charter rates have seen recent improvements (Premium Jack-Up rates are up 11% in the ytd to ~$103,000/day)
• Floater demand stands at 130 units (80% utilisation); charter rates and sentiment have improved (UDW rates up 5% since start year to $373,000/day) after softening across 2025 (-13% across the year)
• Offshore support vessel (PSV & AHTS) markets have picked up, with rate improvements seen in West Africa (PSV term rates are up 5% in ytd) and the North Sea (PSV term rates are up 6% in ytd)
• Subsea EPC backlog stands at a record high (~$52bn), with North Sea subsea charter rates up 12% in the ytd as availability tightens
• Middle East conflict creating some positive sentiment and potential market tailwinds (e.g. promoting activity globally to support energy security) and also market uncertainty (e.g. operational challenges in the Gulf)

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