Thursday 31 July 2014

Big growth seen in oilfield services market

Global oilfield services (OFS) expenditure is forecast to increase 47 per cent from $354 billion in 2014 to $521 billion in 2018, a report said. The majority of global OFS spending occurs onshore, accounting for 79 per cent of the


$24bn spend seen on offshore helicopter services

A total of $24 billion will be spent on offshore helicopter services between 2014 and 2018 – an increase of 57 per cent over the preceding five-year period, a report said. “Long-term production support contracts in Wes


670,000 oil & gas wells ‘need to be drilled’

The world’s oil & gas sector will need to drill more than 670,000 wells from 2014 through 2020 to meet forecasts of sector demand, according to a new report from leading energy business research firm Douglas-Westwood (DW).


Deepwater spend forecast to surge 130pc

Deepwater expenditure is expected to increase by 130 per cent, compared to the preceding five-year period, totalling $260 billion from 2014 to 2018, with growth driven primarily by Africa and the Americas, a report said. As produc


Oil, gas decommissioning 'to open up huge opportunities'

A £47.5 billion business opportunity will open up for companies to decommission the North Sea’s huge infrastructure of offshore oil and gas fields, according to new research to be published by Deloitte and Douglas-Westwood. The next 30 ye


Subsea oil sector set for steady growth

The buoyant subsea oil and gas industry is about to enter a new period of growth with global revenue estimated to rise by a third from $35billion a year to $45billion by 2012. These findings are in a new report commissioned by the Scottish

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