Question · Q3 2025
Noel Augustus Parks questioned the role of price sensitivity in customer decisions, the evolving sentiment towards deepwater in Houston, and whether regional demand differences (e.g., West Africa vs. South America) persist amid oil price concerns.
Answer
President and CEO Robert Eifler stated customers remain 'as price-sensitive as ever' due to macro uncertainty. He described a growing sense in Houston of deepwater's strategic criticality, driven by long-term supply needs, despite current macro noise. He confirmed West Africa remains a long-cycle region, with demand correction expected to aid utilization in late 2026/2027, and noted the Brent middle curve's stability supports long-term planning despite volatile spot prices.