Offshore Pipeline Market to Grow 6.5%
2023, at a CAGR of 6.54%, from 2018 to 2023.Increasing demand for safe, economical, and reliable connectivity expected to drive the overall offshore pipeline market, said a market research report by Reportbuyer."The offshore pipeline market is driven by various factors, such as increasing demand for crude oil & natural gas. However, growing demand for refined products can hinder the growth of the offshore pipeline market," it said.The greater than 24" segment is the fastest growing segment in the offshore pipeline market.The European region is expected to have planned projects for the
Norway Wants Oil Companies to Use Technology to Boost Output
Norway wants oil companies to look into using specialised technology to pump more crude and natural gas, the country's petroleum regulator said on Thursday, potentially producing billions of extra barrels as well as tax revenues. Enhanced oil recovery (EOR), such as injection of polymers or carbon dioxide into reservoirs, could help to produce an additional 320-860 million cubic metres (2-5.4 billion barrels) of oil equivalents from the 27 largest fields offshore Norway, industry regulator NPD said. "We will try to use all the instruments we have to convince the companies to test (EOR) and