IIR Podcast: Offshore Energy Offers Promise, but Faces Steep Hurdles

May 9, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Three experts offered their insights on the offshore energy sector, which is seeing significant development on multiple fronts, in a podcast presentation of Industrial Info's 2025 Offshore Energy Market Spending Outlook. Industrial Info is tracking more than US$2.7 trillion worth of offshore energy projects globally, including crude oil and natural gas development, pipeline systems, liquefied natural gas (LNG) development and wind power. Shaheen Chohan, Industrial Info's vice president of global analytics; Britt Burt, senior vice president of global research for the Power Industry; and Gordon Gorrie, senior vice president of global research for the Oil & Gas Production Industry, surveyed numerous factors that are influencing the development of offshore energy projects, from the rising demand for both fossil fuel and renewable energy, to cost barriers, geopolitical conflicts and the possible impact of tariffs. Companies featured: QatarEnergy, Petroleo Brasileiro S.A. (NYSE:PBR), Shell plc (NYSE:SHEL), Saudi Aramco, TotalEnergies SE (NYSE:TTE), Orsted A/S and Siemens AG.