SUBSEA

Networking
PUBLIC PROFILE

ROV market outlook

Posted by Charles Decuir on January 3, 2018 10:30 AM EST
Charles Decuir photo

The ROV market isn’t out of the woods yet, with plentiful supply in the market dampening any perceived uptick in activity. But, offshore wind might offer some respite. Elaine Maslin reports (first published in the January 2018 OE). 

The remote operated vehicle (ROV) market has had a tough time during the last few years due to its reliance on drilling operations. 

The impact of the downturn on utilization rates and pricing, as well as the market outlook, was discussed by Andrew Reid, managing director of Douglas Westwood, part of Westwood Global Energy Group, at Subsea UK’s Underwater Vehicles Conference in Aberdeen late November. 

http://www.oedigital.com/subsea/item/16797-rov-market-outlook

There are no comments

Sign in to add your comment.

Recent Posts

3D survey solutions using AI could change undersea inspections
Subsea technology company Rovco has secured Innovate UK funding to develop a 3D visualization system...
read more
Fort William Underwater Centre: inside the world’s most advanced subsea testing facility
Billed as “the most realistic subsea training and testing facility in the world,” the Underwater...
read more
ROV market outlook
The ROV market isn’t out of the woods yet, with plentiful supply in the market dampening any...
read more
M2 Subsea appoints renewables and decom business development manager
In an effort to bolster its European development team, M2 Subsea has brought in Mr Sinclair to lead...
read more
Subsea/walk-to-work ship bags further deal from MHI Vestas
MHI Vestas Offshore Wind has awarded Vroon Offshore a contract for VOS Start to support the...
read more
Triple play for Teesside crew
UK fabrication and engineering company Francis Brown has secured separate contracts from BiFab, SMD...
read more
Subsea event highlights ‘huge opportunities’ in offshore wind
Subsea UK has highlighted the ‘huge opportunity’ for subsea companies to play a role helping to meet...
read more
Unmanned inspectors can provide comprehensive O&M picture
The offshore wind industry continues to focus on ever-larger turbines as a means of cost reduction,...
read more
Offshore wind hunts for new subsea tech
A research programme for the offshore wind industry has launched a competition to find new subsea...
read more
Fugro returns to Borssele Wind Farm Zone to conduct UXO survey
Fugro has been awarded a joint contract with Boskalis for survey and identification of unexploded...
read more

Go to blog