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 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Cargoship Disabled and Grounded in Dardanelles

General cargo vessel Ibrahim Konan  (7,618 dwt, built 2008) today (July 1) suffered rudder failure and ran aground in Dardanelles in front of Eceabat in Turkey,

Motion Compensation Solution for Solan Field

Ampelmann provides access solution for commissioning of the Solan project in West of Shetland   Motion compensated access solutions developer Ampelmann informs

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

Marine Materials

New British Marine Brand Launched

British Marine has today unveiled its strong new identity that stands out within the context of modern brands in the marine sector, providing a solid focal point

Jotun to Update Performance Guarantees

The 17 National Standardization Bodies represented on ISO’s Marine Environment Protection Sub-committee (ISO-TC8-SC2) has voted in favor of circulating ISO 19030

Wartsila Tunnel Thruster Gets LR Approval

Wartsila has successfully passed the final step of the Lloyd's Register (LRS) classification society's Type Approval process to obtain an LR Type Approval Certificate

News

Meyer Turku Wins TUI Cruises Order for 2 Ships

TUI Cruises GmbH and Meyer Turku Oy signed an agreement for two cruise ships. This order further strengthens the order book of the shipyard, which contains now a high work load until the year 2020.

Oranjewerf Ship Repair becomes Damen Shiprepair Oranjewerf

On 1 July 2015, Oranjewerf Ship Repair, which joined Damen Shipyards Group in 1989, will officially change its name to Damen Shiprepair Oranjewerf. This name

Shell Steps Closer to Arctic Drilling

The U.S. Fish and Wildlife Service authorized the nonlethal, incidental, and unintentional take of small numbers of polar bears and Pacific walrus that result

Offshore Energy

Monopiles Terminal to Be Built in Rotterdam

Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2   Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed

Motion Compensation Solution for Solan Field

Ampelmann provides access solution for commissioning of the Solan project in West of Shetland   Motion compensated access solutions developer Ampelmann informs

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

 
 
Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.2367 sec (4 req/sec)