The resultant higher levels of global offshore activity would presumably lead to "tightness" in the market and thereby push up rates for rigs and offshore support vessels, he reasons.
UOB Kay Hian has kept its "overweight" view on the region's offshore and marine sector, given how the Trump presidency is rehashing the "drill baby drill" mantra.
"Increasingly, it appears that ‘fossil fuels’ could become less of a bad phrase in the next four years," says analyst Adrian Loh in his Feb 3 note.
