Offshore development has long been the workhorse of the oil and gas industry. However, better economics pushed new development ashore and into the oil-rich shale basins of North America. As a result, the offshore industry has worked to re-adjust its economics. But with the headwinds of the COVID-19 pandemic and widespread reductions in capex, offshore development is facing some of its most daunting challenges yet.

Roderick Larson, president and CEO of Oceaneering International Inc., recently spoke with Hart Energy in an exclusive interview about how the offshore industry is responding, as well as the efforts his company is making in winning key contracts and developing leading technologies.

In his conversation with Hart Energy, Larson discussed these as well as how oilfield service providers—particularly in offshore—can survive amid the current pricing environment.

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