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2026-09-24 07:03:26 -

Deepwater activity, decommissioning work, and offshore wind development expand demand for rented specialist equipment across offshore energy projects

The global Offshore Rental Equipment market was valued at USD 19.85 Billion in 2025. Demand is being supported by renewed offshore drilling and completion activity, along with operators' preference for renting specialised equipment instead of carrying high-cost assets on their own balance sheets. The U.S. Energy Information Administration reported that U.S. crude oil production reached a record...

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