Philip Lewis
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27 Aug 2021
Near-term Outlook for Deepwater Floating Production Systems is Excellent
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace, OPEC+ appears to be able to successfully keep oil supply under control…
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09 Aug 2021
Shipbuilding: International WTIV Market Represents a $14B Opportunity
As of end-June 2021, more than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade.More than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade. Almost all of the current fleet of international wind turbine installation vessels will be technically…
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08 Dec 2020
2020 Has Been a Big Year for US Offshore Wind
This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29.1 gigawatts total installed by 2035. That means around $55 to $87 billion of capex, which will support the growth of the…
