Upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade.
MSI offshore energy market analyst, Joshua Belo-Osagie said “FPS projects in Latin America and West Africa, and maintenance work in the North Sea and Asia are driving market demand.” Read more at Riviera
MSI’s Offshore Energy Analyst, Joshua Belo-Osagie, is expecting 2023 to represent another robust period for the offshore marine supply chain, with offshore wind forecast to see a positive outlook for the foreseeable future. Read more at Splash247.com
Shipyards banking on a decarbonisation-driven order boom must contend with present day realities, writes MSI Director Stuart Nicoll. Read more in Splash247.com
China’s Asian neighbours are soaking up surplus crude volumes and creating new routes in the process, writes Tim Smith, Director, Maritime Strategies International. Read more in Splash247.com
Offshore support vessel (OSV) owners will benefit from increased investment in the North Sea oil and gas sector, with some deferred projects being brought forward. High energy prices are driving oil and gas companies to expand their expenditure on new offshore projects, some involving billions of dollars of investment for deepwater projects.
Watch MSI Director James Frew’s interview at the recent OSJ conference with Riviera.
The region could be a key growth market for the oil and gas industry going forward. Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia writes Joshua Belo-Osagie from MSI. Read more at OEdigital.com
Prospects in South America, notably Brazil, are brightening both for floaters and offshore support vessels (OSVs), particularly for larger anchor handling tug supply (AHTS) and platform supply vessels (PSVs), according to MSI. Read more in Riviera Maritime Media
Capital expenditure in oil and gas and offshore wind projects will rise significantly in the next five years… Read more in Riviera
Like other analysts, MSI expects a very strong shift from small offshore wind turbines to larger units in the coming decade, with turbines expected to reach a capacity of 20 MW or more. Read more in Riviera
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International. Read more
