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Offshore Oil & Gas Industry Has Stable Project Pipeline

oil_gas_production

Industry Segment: Production | Word Count: 472 Words

SUGAR LAND--April 28 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--With the global crude oil market in a supply glut, it may seem counterintuitive that spending money on deepwater or other offshore production infrastructure would be an economically feasible move. Looking at projects being tracked by Industrial Info, the global trend shows a healthy amount under construction, balanced with a similar amount of work in the planning stage. A large portion of the industry is engaged in expanding or maintaining existing production assets, but a lot of new construction is on the books right now and moving forward. Several billion dollars are slated for facility dismantling or decommissioning, but given the age of many pioneering platforms, this is more a natural occurrence than a sign of downturn.

Within this article: Industrial Info's coverage of offshore energy projects.

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