The History of Offshore Energy
said to be sparking a renaissance in manufacturing on American shores. And, adds McCaul, plans to build onshore facilities to handle imported gas are being scrapped in favor of readying the market for export to the rest of the world. There are significant shale deposits the world over, notes John Westwood, chairman of Douglas-Westwood, but only North America seems to be serious about it. That could be in part because the Green River Formation shale deposit that stretches across parts of Colorado, Wyoming and Utah, is said to be the largest shale reserve in the world. LNG is attracting a lot
Work-Class Operations Expenditure to Grow by 80%
deepwater provinces offshore East Africa, and will remain the largest region, followed by Latin America and then Asia. The Middle East has the lowest ROV spend, and along with Norway will see decline in spend. Latin America is set to show the strongest growth of all regions.” Report editor, John Westwood, concluded, “As operators look to increase the profitability and efficiency of their subsea developments, there will be a surge of demand for exceptionally powerful work-class ROVs, able to perform the support work needed in an industry where new technologies and processes are vital. &ldquo
ROV Work-Class Operations Expenditure to Grow 80%
offshore East Africa, and will remain the largest region, followed by Latin America and then Asia. The Middle East has the lowest ROV spend, and along with Norway will see decline in spend. Latin America is set to show the strongest growth of all regions.” Report editor, John Westwood, concluded, “As operators look to increase the profitability and efficiency of their subsea developments, there will be a surge of demand for exceptionally powerful work-class ROVs, able to perform the support work needed in an industry where new technologies and processes are vital.
February 2024
