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Market outlook


Market outlook
The oil and gas market is characterised by volatility. Although the long-term fundamentals of markets and regions continue to be strong, the short and medium outlooks remain uncertain. This implies a stronger focus on the growing offshore renewables market. Offshore wind has significant generation potential in Europe with more and more large sites. The demand for services related to offshore wind is increasing and Oceanteam Solutions has received an increased number of requests for tenders. By focusing on cost reductions, we have also identified an increased demand for innovative and cost effective solutions.
More than 91 percent of all offshore wind installations can be found in European waters. However, governments elsewhere have set ambitious targets for offshore wind farms and development is starting to take off in China, Japan, South Korea, Taiwan and the US. Oceanteam Solutions is increasing its worldwide cable transport, handling and storage services to meet these targets.
Oceanteam Solutions operates in stable countries. It has strong local partners and a diverse client base. The flexible and scalable business model helps Oceanteam weather dynamics in the marketplace.  
 

Europe’s renewable energy mainly comes from wind

Mar 23 2017 Renewable energy accounted for 6.7% of worldwide electricity generation in 2015, aggregated at just over 24,000 terawatt-hours. More important: the proportion that comes from wind, geothermal, solar, biomass and waste is growing fast. Alone in 2015 it increased by 213 terawatt-hours, roughly equivalent to the total increase in global power generated. And in Europe it is wind turbines that dominate...

Oceanteam successfully performs two cable load-outs

Mar 09 2017 Last year, Oceanteam Solutions (OTS) won a contract for the engineering and supply of a 4000T and a 2000T turntable to accommodate the storage and multiple load-outs of subsea cables. OTS executed the first cable load-out in December, followed by the second in February. OTS expects the project to be completed by the end of...

China takes major steps in renewable power generation

Mar 07 2017 China’s National Energy Administration (NEA) recently announced major investments in renewable power generation in the coming years, the Guardian reports. The NEA expects the installed renewable power capacity including wind, hydro, solar and nuclear power to contribute to about half of new electricity generation by 2020. This again is a clear sign that world...
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