Big data, big opportunities in offshore marine

If there was one word to describe the last five years in our industry, “unstable” would perhaps be an accurate choice. Demand within the global oil and gas markets has declined, and as a result, the prosperity of the offshore marine market has suffered significantly. Read More

Adversities and opportunities in the offshore workboat market

The daily grind of fighting for survival in a seriously oversupplied offshore workboat market was clearly evident amongst operators and service providers exhibiting on the floor of Seatrade Offshore Marine & Workboat Middle East, held in Abu Dhabi this week. But for those lucky enough to spend some time in the conference and seminar sessions, there was plenty of positive sentiment.

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More corporate failures lie ahead in OSV sector: Fazelbhoy

Synergy Offshore chief executive, Fazel Fazelbhoy, revealed the scale of the downturn facing OSV operators in Middle East waters when he moderated a session of regional updates at Seatrade Offshore Marine & Workboats Middle East yesterday. Generally, the picture was bleak although the Saudi market has shown signs of life recently as Saudi Aramco invites bids for various major offshore projects.

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Please … no more ships!

Banks should play a much more proactive role in badly needed consolidation across the offshore support vessel sector, said René Kofod-Olsen, chief executive of Topaz Energy and Marine, as he declared that the last thing that was needed was another round of new contracting.

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Energy companies likely to face skills shortage

Oil and gas companies that have slashed jobs since the oil price crash could well find it difficult to recruit staff with the right skill sets when exploration and production (E&P) spending picks up again.

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Seafarers sacrifice practical skills for a digital future

Maritime businesses are spending more on R&D alongside new technologies to combat negative market conditions. The need for cost cutting and improved efficiencies are now turning the spotlight on appropriately skilled seafarers who can champion efficiency driven technologies, but it comes at a cost of practical skills.

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