Join us on May 21st for our 2025 Global Chemical Processing Project Spending Outlook! RSVP Today!
Sales & Support: +1 800 762 3361
Member Resources
Offshore Oil & Gas Industry Has Stable Project Pipeline

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.

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)

IIR Logo Globe

Site-wide Scheduled Maintenance for April 12, 2025, between 9 A.M. - 9 P.M. CST. During this time, all services will be unavailable periodically throughout the scheduled maintenance window.

×
×
Contact Us

For More Info!