April News Round Up

Our news this month surrounds the activity within the subsea sector. This includes the expected growth in the industry and investment within the North East region.

Significant growth expected for subsea sector in 2013

The UK is a world leader in subsea engineering with the North East surpassing Aberdeen as its centre of innovation and excellence. Peter McCusker reports. A RECENT survey of Subsea UK member companies reported every single one expected significant growth in 2013 – an enviable position in the face of a triple […]

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Can North East graduates provide the solution to the UK’s subsea skills shortage? 

The government’s Oil and Gas Industrial Strategy, published last month (March 28th), aims to address the UK’s need to bridge the growing skills gap in the oil and gas industry by providing a clear path to exploit the UK’s remaining oil and gas reserves. The government hopes its plan will provide tax certainty, investor confidence and […]

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Industry analysts predict subsea hardware spending to double

Industry analysts, Douglas Westwood, has predicted that subsea hardware spending will double over the next five years and will reach $124 billion in 2013-17. The report has highlighted that this may be due to the increasing challenge to recover smaller, and more scattered oil reserves. Accompanying factors include more extreme conditions, fewer conventional opportunities and […]

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