The subsea market in 2019 will experience y-o-y growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the next few years, according to energy research and consulting firm Rystad Energy
Industry
Trelleborg relocates its marine and infrastructure headquarters
Trelleborg’s marine and infrastructure operation has relocated its headquarters and Dubai marine fender sales operation to Jafza One, a new commercial complex in Jebel Ali Free Zone, Dubai in the UAE
Aker Solutions wins US$77mn ADNOC deal
Aker Solutions has won a US$77mn order from Abu Dhabi National Oil Company (ADNOC) to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the Persian Gulf
Oil and gas sector tops Forbes profit growth list of 2019
Oil and gas have advanced past technology and communications to become the leading sector in the Forbes 2019 list of the world’s largest public companies with a 16.2 per cent y-o-y growth in revenue generation, according to GlobalData, a data and analytics company
Brazil fuels booming global FPSO market
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance, according to energy research firm Rystad Energy
More Articles …
