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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.  

Solutions starts mobilising 4000t and 2000t turntable cable lay spread for client

Mar 12 2018 The mobilization is part of a recently signed contract extension for the supply of additional equipment and engineering services. The 2000t turntable lay spread will be mobilised on client’s cable lay barge that already has an Oceanteam Solutions’ 4000t turntable lay spread mounted on deck. Upon arrival of the 2000t turntable by...

“Oceanteam withstands the storm to capitalise on potential” - Interview with CEO Haico Halbesma

Feb 24 2018 Surviving in offshore services demands the ultimate in entrepreneurship   Like most offshore service companies, Dutch-Norwegian Oceanteam has had a hard time of it over the past few years. The slump in oil and gas prices have impacted on both the order books and earnings, forcing a far-reaching reorganisation, a drastic write-off in the value...

Solutions successfully performed first cable loadout for client, more to follow

Feb 14 2018 Oceanteam Solutions, in cooperation with Blue Offshore, has successfully executed the first cable loadout at client’s premises and more loadouts will follow later this year. The cable was transferred from client’s cable basket to Oceanteam's storage solution: a barge equipped with a turntable that can hold up to 5300 tonne of...
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