There has been a significant uptick in the reactivation of oil rigs poised for deployment on fresh contracts across the globe.
This is good news for South Africa as the country is often a preferred location due to its accessibility to a range of services in the engineering sector, ranging from marine services, specialised oil and gas engineering solutions, and dependable project logistics.
“The demand from our clients is clear,” said Howie Frylinck, general manager at Pentagon Freight.
“They expect us to deliver top-notch, turnkey solutions in southern Africa, meeting their standards and expectations consistently.”
He highlighted that the positive signals weren't limited to the oil and gas sector.
Ongoing tenders and pricing discussions for wind farms and solar plant projects are currently widespread.
"Recently, we've noticed a heightened sense of urgency from renewable energy developers and wind farm operators. They are actively participating in high-level discussions, indicating that we are nearing the final planning phase and moving closer to implementing new wind farms."
- Read the rest here: "Renewable energy developers feel urgency."