Industry

High stakes for subsea markets if oil price slides, says Rystad Energy

48385695327 5d65886521 zThe 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

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Trelleborg relocates its marine and infrastructure headquarters

Trelleborg office staffTrelleborg’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

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Aker Solutions wins US$77mn ADNOC deal

dalma 620x349Aker 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

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Oil and gas sector tops Forbes profit growth list of 2019

26952236305 4caea110a9 zOil 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

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Brazil fuels booming global FPSO market

8699927352 ac8f0d1fcf zThe global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance, according to energy research firm Rystad Energy

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