Study: Outlook Strong for Offshore Pipe Industry

Posted by Eric Haun
Wednesday, February 26, 2014
Tata Steel image

The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel, a supplier of innovative deep-water pipe line solutions.

The study, conducted by Europe’s second largest steel producer, points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations which will continue to drive offshore developments.

The study highlights the growth in deepwater developments in Africa and Europe as signs that the offshore pipe line industry is set to continue its recovery.

Richard Broughton, Commercial Manager for the pipe lines division of Tata Steel, said, “Whilst it is undeniable that the economic recovery has been sluggish and as a consequence progress in major infrastructure projects has been delayed, we are now experiencing real signs of recovery and a change in momentum, both onshore and offshore.  Budgets will continue to be challenged, but the industry will continue to step up to the challenge, push the boundaries and drive innovation.”

Investment in deepwater exploration has increased significantly over the past year and is expected to continue as easy-to-reach reserves continue to be depleted.

Also emphasized is the likely growth in pipe line transportation as new sources of shale gas come on line. In particular the report highlights Russia as a region of significance for 2014.

Broughton added, “Increased investment from operators will see infrastructure requirements grow.  Already we are beginning to see the signs of this offshore activity in regions like the Gulf of Mexico, where spending will represent a third of all deepwater activity globally and the Middle East, where existing brownfield infrastructure needs to be replaced and new installed. Both represent significant opportunities for the pipe line industry. Shale will also play an important role, particularly as renewable energy progress has been intermittent.”

Tata Steel is a sponsor and attending the Offshore Pipeline Technology Conference, Amsterdam on 26-27 February at the Krasnapolsky Hotel.

tatasteel.com
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

2,545 Candidates Vie for 11 Positions at Maersk Drilling

Maersk Drilling reported 2,545 applicants for the 11 MITAS engineer positions available within the company in 2014. The Maersk International Technology and Science Program,

GDI Awards N-KOM US$110-M Contracts

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts

Statoil Awarded Licence Offshore Colombia

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence.

Marine Materials

Rosneft to Monitor Marine Fauna in Northern Sea Route

OAO NK Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014. The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil.

General Dynamics Launches Morgan County NextGen-911

General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio.

Wärtsilä's JV with CSSC to Expands Engines Range

Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines.

News

Seafarers Beware – Social Media Ahead

Videotel, part of KVH Industries, Inc., has launched a new program, Social Media at Sea, addressing the unique dangers of inappropriate use of social media by shipboard

Concordia Tow Update: Smooth Sailing

The Costa Concordia wreck removal team reported this morning at 10:30 a.m. that after 22 hours of navigation, the convoy was over 50 miles off Giglio Island with about 140 miles from Genoa Prà-Voltri.

Thome Is the First to Sign up to IMPA Act

Leading integrated ship management service provider Thome Ship Management has become the first ship management company to join IMPA ACT, the responsible supply chain management initiative,

Offshore Energy

2,545 Candidates Vie for 11 Positions at Maersk Drilling

Maersk Drilling reported 2,545 applicants for the 11 MITAS engineer positions available within the company in 2014. The Maersk International Technology and Science Program,

GDI Awards N-KOM US$110-M Contracts

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts

Seadrill Bondholders: Majority Accept Conversion Offer

Seadrill Limited says that holders of approximately US$547 million of Seadrill's convertible bonds due 2017 (representing approx. 84.1% of the total outstanding

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2356 sec (4 req/sec)