Global Subsea Market Report 2016-2020 - Analysis, Technologies & Forecasts - Research and Markets
Research and Markets has announced the addition of the "The
Global Subsea Market to 2020" report to their offering.
This comprehensive report provides an in-depth analysis of the global
subsea market and the key factors all market participants should be
aware of. It considers current and future drivers, challenges and
opportunities, providing readers with an unrivalled understanding of the
global subsea market during the 2016-2020 period.
Subsea is vital to existing oil production and paramount for new
projects, and the recent complications in the oil industry has had an
influence on the subsea market. 2016 is very likely to be the bottom of
the subsea market. The depth of this year's drop is keenly dependent on
what level of remedial work appears. Experience suggests remedial levels
should be there regardless. But with oil companies belts so tight,
remedial work can still be postponed. Even seemingly critical tasks can
be put off and left to some later date when budgets are available or
just under less pressure.
A slow recovery thereafter appears, but is still at risk. The normal
drivers of new projects are completely disconnected. Normally that would
be project economics and a need to replace production decline. For now,
the only driver is the desire, or lack of therein, to spend money. And
that totally ignores whether projects are economic or not. Even then,
years will pass before demand levels come back anywhere close to where
they were.
Oversupply of expensive ships, and too many players chasing two few new
contracts are current challenges. Massive capital expenditure
programmes, wild expansion programmes, and corporate structures that
have only ever known the great times, now do not clever at all.
Financing issues will have to be addresses and current challenges
overcome if the market wishes to grow at a healthy rate.
Report Structure:
1. Summary - Theatre Of Pain
2. Upstream: Money Turmoil
3. Demand Review: Stone Cold Reality Check
4. Supply: Huff And Puff Blows House Down
5. Demand Forecast: Troubled, Murky Waters
6. Balance And Day-Rates: All About Money, Now Missing In Action
7. Business Environment
8. Glossary Of Terms
9. Contacts
For more information visit http://www.researchandmarkets.com/research/knlh5w/the_global_subsea
View source version on businesswire.com: http://www.businesswire.com/news/home/20160719005850/en/
Copyright Business Wire 2016
Source: Business Wire
(July 19, 2016 - 8:26 AM EDT)
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