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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.  
 

Oceanteam extends storage contract of 100+ kilometres subsea cable

Jan 25 2021 Oceanteam extends storage contract of 100+ kilometres subsea cable with one of Europe’s biggest cable manufacturers

Oceanteam Solutions secures new contract for 2000T carousel in Asia

Dec 01 2020 Oceanteam Solutions has been awarded a new contract for the transport and rental of a 2000T carousel spread required for umbilical installation in Asia. The mobilisation and departure from Oceanteam’s Velsen yard is planned in December 2020, to deliver the equipment mid Jan 2021 in Shenzhen (China), for umbilical installation during Q1 2021. Project management, engineering...

Oceanteam Solutions secures 2020/2021 contract for cable transportation solution

Apr 08 2020 Oceanteam Solutions has entered into an agreement with a major cable manufacturer to provide cable transportation capability using a cable transportation and handling barge specially equipped for its tasks. The engagement will commence in April 2020 with completion in the first quarter of 2021 and optional extensions to take the contract well into 2021.
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