Winners and losers in Big Oil's offshore spending revival

The Construction Industry Development Board Malaysia (CIDB) has partnered with Petronas to drive construction excellence in the oil and gas (O and G) sector.

PARIS (Bloomberg): After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines.

The long-awaited spending rebound will re-energize oil-services providers that have survived the deepest crisis in a generation thanks to cost cuts, mergers and sometimes painful debt restructuring. But for some debt-laden suppliers, the investment pickup may come too late.