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Market Report: Global Heavy Lift Vessel Sector

Aug 25, 2020

The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase.  Fixed platform installation work, the traditional market driver for the heavy-lift fleet in oil and gas…

Market Report: The Work Class ROV Market

Aug 02, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

An Overview of the Work Class ROV Market

Jul 25, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

NOC on Effect: Jackup Rig Demand at the Mercy of National Oil Companies' Playbook

Aug 26, 2020

Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract…

Current News

Brent Crude Prices Hits Highest Since October 2018

Brent Crude Prices Hits Highest Since October 2018

FSRU: Nakilat, Karpowership sign MoU

FSRU: Nakilat, Karpowership sign MoU

LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada

ExxonMobil Looking to Buy Into ONGC's Deepwater Fields Offshore India

ExxonMobil Looking to Buy Into ONGC's Deepwater Fields Offshore India
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