World Offshore Wind Market Forecast Prospects, Technologies, World Markets

Size: px
Start display at page:

Download "World Offshore Wind Market Forecast Prospects, Technologies, World Markets"

Transcription

1 2016 World Offshore Wind Market Forecast Prospects, Technologies, World Markets

2 Contents Table of Contents 1 Summary and Conclusions...7 Summary... 8 Conclusions Drivers and Indicators Overview...11 Political Drivers...12 Economic Drivers...13 Low Carbon Power Generation Offshore Wind Project Development Offshore Wind Project Lifecycle...16 Offshore Wind Project Cost Structure...17 Capex Phase 1: Planning & Development...18 Capex Phase 1: Wind Turbine...19 Capex Phase 1: Balance of Plant...20 Capex Phase 1: Installation...21 Opex Phase...22 Capex Phase 2: Decommissioning...23 Offshore Wind Supply Chain Commercial Insights Project Scale...26 Supply Chain...27 Capital and Lifetime Costs...29 Risk Profile...30 Financing Challenges...31 Contracting Strategies...33 Industry Challenges...34 Technology: Wind Turbines...36 Technology: Foundations...38 Key Trends: New Technologies...39 Key Trends: Clustering and Repowering...40 Key Trends: Logistics...41 Key Markets: Current Capacity...42 Emerging Markets: Forecast Capacity Market Forecast Methodology...45 Added Capacity by Country...48 Cumulative Capacity by Country...49 Capital Expenditure by Country...50 Annual Capital Expenditure by Type...51 Operational Expenditure by Country...52 Segment Forecasts: Wind Turbines by Country...53 Segment Forecasts: Wind Turbines by Size...54 Segment Forecasts: Wind Turbines by Manufacturer...55 Segment Forecasts: Foundations...56 Segment Forecasts: Cables...57 Segment Forecasts: Offshore Substations...58 Segment Forecasts: Vessels...59 Segment Forecasts: Helicopters Appendix Data and Text Conventions Douglas-Westwood 2

3 Contents Figures Figure 1: Capital Expenditure by Country, Figure 2: Drivers for Offshore Wind...11 Figure 3: EU 2020 Targets for Key Offshore Wind Markets Progress to Date Figure 4: Global Primary Energy Demand Growth...13 Figure 5: Energy Demand Forecast by Fuel Type...13 Figure 6: Global Power Generation Forecast...14 Figure 7: Levelised Cost of Energy Key Technologies in Europe...14 Figure 8: Offshore Wind Project Lifecycle...16 Figure 9: Cost Breakdown by Project Phase Capex, Opex, Decommissioning Figure 10: Offshore Wind Supply Chain Overview...24 Figure 11: Average Project Capacity, Distance from Shore and Water Depth Figure 12: Offshore Wind Capex Drivers...29 Figure 13: Offshore Wind Average Project Capex, Figure 14: Planning & Development Timelines, UK Figure 15: Size Evolution of Wind Turbines...36 Figure 16: Aerogenerator X...37 Figure 17: Two-bladed Offshore Wind Turbine Figure 18: Types of Floating Foundations Figure 19: Picture of UAV...39 Figure 20: Radar Image Showing Aircraft Flying Through Wind Farm...39 Figure 21: Siemens OTM Module...39 Figure 22: Artist s Impression of Siemens Facility...40 Figure 24: Wind Service Operation Vessel (SOV)...41 Figure 23: Heli-Hoist Basket...41 Figure 25: Key Markets, the Global Picture...42 Figure 26: Global Offshore Wind Installed Capacity, Figure 27: Key Region, North-Western Europe...42 Figure 28: Forecast Global Capacity Installation : Emerging Markets Figure 29: Global: Forecast Wind Farm, Capacity and Turbines...43 Figure 30: All Offshore Wind Projects vs. DW Forecast Capacity, Figure 31: Global Forecast Capacity...47 Figure 32: Global Offshore Wind Forecast Capacity Installed, Figure 33: North-Western Europe Forecast Capacity...47 Figure 34: Added Capacity by Country, Figure 35: Cumulative Capacity by Country, Figure 36: Capital Expenditure by Country, Figure 37: Expected Annual Offshore Wind Capex, by Type Figure 38: Planning and Development Capex, , m...51 Figure 39: Wind Turbine Annual Capex , m...51 Figure 40: Balance of Plant Annual Capex , m...51 Figure 41: Installation Annual Capex , m...51 Figure 42: Operational Expenditure by Country, Figure 43: Operational Expenditure by Activity...52 Figure 44: Wind Turbines Installed by Country, Figure 45: Wind Turbines Installed by Size, Figure 46: Wind Turbines Installed by Manufacturer, Figure 47: Foundations Installed by Type, Figure 48: Cable Length Installed by Country, Figure 49: Cable Length Installed by Type, Figure 50: Substations Installed by Country, Figure 51: Substations Installed by Type, Figure 52: Installation Vessels Required by Type, Figure 53: Personnel Transfer Vessels Required, Figure 54: Helicopters Required, Douglas-Westwood 3

4 Contents Tables Table 1: Renewable Energy Incentive Mechanisms in Key Markets...12 Table 2: Foundation Types Comparison...27 Table 3: Investor Types and Their Attitude to Risk...30 Table 4: Contracting Strategies...33 Table 5: Cost of Repowered Wind vs. CCGT Table 6: Offshore Wind Projects Status Methodology...45 Table 7: Added Capacity by Country, Table 8: Cumulative Capacity by Country, Table 9: Capital Expenditure by Country, Table 10: Operational Expenditure by Country, Table 11: Wind Turbines Installed by Country, Table 12: Wind Turbines Installed by Size, Table 13: Wind Turbines Installed by Manufacturer, Table 14: Foundations Installed by Type, Table 15: Cable Length Installed by Country, Table 16: Cable Length Installed by Type, Table 17: Substations Installed by Country, Table 18: Substations Installed by T ype, Table 19: Installation Vessels Required by Type, Table 20: Personnel Transfer Vessels Required, Table 21: Helicopters Required, Douglas-Westwood 4

5 Notes & Acknowledgements About Us Disclaimer This report is a Douglas-Westwood (DW) study and all rights are reserved, whether this pertains to the body of the report or any information contained within. The information contained in this document is believed to be accurate, but no representation or warranty, express or implied, is made by Douglas-Westwood as to the completeness, accuracy or fairness of any information contained in it, and we do not accept any responsibility in relation to such information whether fact, opinion or conclusion that the reader may draw. The views expressed are those of the individual authors and do not necessarily represent those of the publisher. While we have made every attempt to ensure the information contained in this document has been obtained from reliable sources, Douglas-Westwood is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this document is provided as is, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader. Laws and regulations are continually changing, and can be interpreted only in light Production Team Editor Steve Robertson sr@douglaswestwood.com Assistant Editor Hannah Lewndon hl@douglaswestwood.com Report Author Celia Hayes ch@douglaswestwood.com Rachel Stonehouse rst@douglaswestwood.com World Offshore Wind Market Forecast is published by: Douglas-Westwood Limited, 20 East Street Faversham Kent ME13 8AS, UK tel: fax: admin@douglaswestwood.com Copyright Douglas-Westwood Limited 2015 of particular factual situations. Layout & Graphic Design Oliver Solly os@douglaswestwood.com By purchasing this document, your organisation agrees that it will not copy or allow to be copied in part or whole or otherwise circulated in any form any of the contents without the written permission of the publishers. Date of publication: 17 th November 2015 DW report number ISBN A supporting databook to accompany the charts and tables presented in this report is available in Excel format upon request Douglas-Westwood 5

6 Notes & Acknowledgements Douglas-Westwood s Offerings About Us Consultancy Transactions Research Publications Established in 1990, Douglas-Westwood is a leading provider of market research and consulting services to the energy industry worldwide. We have completed over 1,000 projects for clients in more than 70 different countries and in some 250 niche energy segments. Our clients range from the oil & gas majors and their contractors to financial houses and governments. We are an independent organisation and our research is supported by proprietary data, insight and knowledge. Our international reach is backed up by one of the largest sectorfocused teams in offices in the Americas, Europe and Asia. Douglas-Westwood clients include the world s: Top-10 oil & gas companies Top-10 oilfield services companies Energy experts Douglas-Westwood The Guardian With an extensive advisory team spanning three continents, Douglas-Westwood delivers energy business consultancy services across the globe. DW consultancy services are focused on the strategic planning process, helping our clients to make investment decisions, develop and test advanced competitive strategies for new products, new business streams, mergers and acquisitions, We provide consultancy services through advanced market insight, modelling and simulation to a client base which includes players in oil & gas E&P, oilfield services, conventional & renewable energy and the public sector. Douglas-Westwood has supplied consultancy services to over 250 companies worldwide. Foremost oilfield services market consultant Hong Kong client Douglas-Westwood provides sectorfocused commercial due-diligence and transactions services to major and mid-tier private equity firms, investment banks and debt providers. We have industryleading credentials including both buy-side and sell-side mandates, public-to-private transactions, re-financing, IPOs and project financing ranging in enterprise value from $5 million technology firms to $1 billion oilfield service, engineering and equipment companies. Douglas-Westwood clients include the world s: Top-10 private equity firms Top-10 investment banks Douglas-Westwood provides great value to us Perth client Business research, analysis and market forecasting is our core activity. Over the years we have built a huge knowledge base of both sectors and players. Our experience of researching the oilfield services sector (OFS) is unparalleled worldwide. We specialise in emerging markets and technologies, from offshore windpower to subsea processing and difficult to access markets and geographies including Russia and the Middle East. Our custom research offerings include: gathering & analysis of market data, independent marketing and forecasting, measurement & analysis of competitive positions and industry consultation & in-depth perception surveys. Douglas-Westwood have researched some 250 different business sectors to wide international acclaim. Top energy research group Douglas-Westwood Financial Times Douglas-Westwood produces original energy business market studies and forecasts, now highly acclaimed and used worldwide. In oil & gas we were the first firm to forecast & value the growth of key offshore markets such as deepwater, subsea production, global onshore drilling, pipelines and offshore wind power. Our reports are geared to meet senior executives needs in business planning and decision-making and assume no previous reader knowledge of the subject area. Each offers a concise, region by region format. Analysis is based on our extensive in-house project databases and models combined with forecasting expertise developed over many years. Douglas-Westwood has over 20 energy sector market forecast titles in print. An excellent report in all areas Houston client 2015 Douglas-Westwood 6

UK Subsea Sector, The Invisible Global Player

UK Subsea Sector, The Invisible Global Player UK Subsea Sector, The Invisible Global Player An Overview of the Global Impact of UK Subsea Engineering Companies and Personnel Will Rowley Director of Analytical Services Infield Systems Limited Infield

More information

Cost of energy going below 100/MWh; the opportunities and barriers

Cost of energy going below 100/MWh; the opportunities and barriers Offshore Wind 2016 Cost of energy going below 100/MWh; the opportunities and barriers Chair: Mike Blanch London 1 December 2016 1/13 Intro Cost of energy going below 100/MWh; the opportunities and barriers

More information

A Rebirth in the North Sea or simply a False Dawn

A Rebirth in the North Sea or simply a False Dawn The North Sea has seen record levels of investment in 2012 and 2013 Drilling activity is forecast to increase in the coming years Utilization in the Region is the highest it has ever been and there are

More information

The Levelised Cost of Wind Energy

The Levelised Cost of Wind Energy The Levelised Cost of Wind Energy Cardiff Marriott Hotel, 16 th June 2016 Neil Douglas, Director - LCOE 69 GW 4,743,470 9 MtCO 2 320+ 32 project experience (and counting) equivalent (UK) homes powered

More information

Wood Group Investor Briefing Q1 2016

Wood Group Investor Briefing Q1 2016 Wood Group Investor Briefing Q1 2016 Our business Wood Group is an international projects, production and specialist technical solutions provider with around $6bn sales and 36,000 employees. We are focused

More information

Tidal Energy. Transmission & Distribution Network. Wind Energy. Offshore Substation. Onshore Substation. Tidal Stream Energy.

Tidal Energy. Transmission & Distribution Network. Wind Energy. Offshore Substation. Onshore Substation. Tidal Stream Energy. Offshore Renewables Tidal Energy Transmission & Distribution Network Offshore Substation Wind Energy Onshore Substation Tidal Stream Energy Consumer Atkins in Offshore Renewables The offshore wind journey

More information

North East England: Offshore wind market opportunities

North East England: Offshore wind market opportunities North East England: Offshore wind market opportunities 1 UK overview The UK offshore wind programme is the largest in the world, and is expected to form around half of the European market in the next 10

More information

ENGINEERING SERVICES CONSULTANCY

ENGINEERING SERVICES CONSULTANCY ENGINEERING SERVICES CONSULTANCY Managing complexity, unlocking value Petrofac Engineering & Production Services 02 03 Discover the difference Consultancy services Petrofac is an international service

More information

The Future of Growth and the Energy Industry

The Future of Growth and the Energy Industry The Future of Growth and the Energy Industry July 20, 2017 Grant Thornton LLP. All rights reserved. 1 Our Speakers Steve Toon Editor in Chief Oil and Gas Investor Kevin Schroeder National Managing Partner,

More information

Driving Cost Reductions in Offshore Wind THE LEANWIND PROJECT FINAL PUBLICATION

Driving Cost Reductions in Offshore Wind THE LEANWIND PROJECT FINAL PUBLICATION Driving Cost Reductions in Offshore Wind THE LEANWIND PROJECT FINAL PUBLICATION This project has received funding from the European Union s Co-funded by the Intelligent Energy Europe Seventh Programme

More information

Investor Presentation

Investor Presentation Connecting What s Needed with What s Next Investor Presentation September 2017 Forward-Looking Statements Statements we make in this presentation that express a belief, expectation, or intention are forward

More information

European Wind Energy Technology Roadmap

European Wind Energy Technology Roadmap European Wind Energy Technology Roadmap Making Wind the most competitive energy source 1 TPWind The European Wind Energy Technology Platform Key data: Official Technology Platform Launched in 2007 150

More information

Optimizing wind farms

Optimizing wind farms Optimizing wind farms We are Uniper We are a leading international energy company with operations in more than 40 countries and around 13,000 employees. We combine a balanced portfolio of modern assets

More information

SAIPEM TODAY. ONE WORD, ONE WORLD Skills, Assets, Innovation, People, Environment, Market

SAIPEM TODAY. ONE WORD, ONE WORLD Skills, Assets, Innovation, People, Environment, Market SAIPEM TODAY ONE WORD, ONE WORLD Skills, Assets, Innovation, People, Environment, Market COMPANY PROFILE SAIPEM IS ONE OF THE LARGEST AND MOST BALANCED TURNKEY E&C CONTRACTORS IN THE OIL & GAS INDUSTRY.

More information

WHY CHOOSE HFW? OFFSHORE CONSTRUCTION

WHY CHOOSE HFW? OFFSHORE CONSTRUCTION WHY CHOOSE HFW? OFFSHORE CONSTRUCTION THEY STRIKE THE IDEAL BALANCE OF KNOWING THE LAW, BEING PRACTICAL AND BEING COMMERCIALLY SENSIBLE. THEY WORK HARD TO GET THE BEST RESULT FOR YOU CHAMBERS 2017 HFW

More information

Oil and Gas Diversification: High Potential Areas, Key Challenges (Operations & Maintenance) BVG Associates ~ Alan Duncan

Oil and Gas Diversification: High Potential Areas, Key Challenges (Operations & Maintenance) BVG Associates ~ Alan Duncan Oil and Gas Diversification: High Potential Areas, Key Challenges (Operations & Maintenance) BVG Associates ~ Alan Duncan Agenda Serving both O&G and Offshore Wind: a marriage made in heaven or a marriage

More information

Executive Summary and Table of Contents

Executive Summary and Table of Contents UK UPSTREAM OIL & GAS SECTOR REPORT 2012/13 Executive Summary and Table of Contents Focused, cutting edge information on the UK Upstream oil and gas industry. Providing detailed and robust analysis of

More information

Subsea Tieback Forum

Subsea Tieback Forum Subsea Tieback Forum Subsea trends, challenges, and technology requirements Howard Wright Senior Analyst Forward Looking Disclaimer The information contained in this document is believed to be accurate,

More information

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. September 30, 2014 New Orleans, LA. Safe Harbor Statement

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. September 30, 2014 New Orleans, LA. Safe Harbor Statement September 30, 2014 New Orleans, LA Marvin J. Migura Executive Vice President Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a belief, expectation,

More information

Capital One Securities, Inc.

Capital One Securities, Inc. Capital One Securities, Inc. 10 th Annual Energy Conference December 9, 2015 New Orleans, LA Alan R. Curtis SVP and Chief Financial Officer Oceaneering International, Inc. Safe Harbor Statement Statements

More information

Offshore Wind Risks - Issues and Mitigations

Offshore Wind Risks - Issues and Mitigations DNV Offshore Wind Soren Karkov DNV an independent foundation Our Purpose To safeguard life, property and the environment Our Vision Global impact for a safe and sustainable future 2 More than 145 Years

More information

Marvin J. Migura. Oceaneering International, Inc. Global Hunter Securities 100 Energy Conference June 24, 2014 Chicago, IL. Safe Harbor Statement

Marvin J. Migura. Oceaneering International, Inc. Global Hunter Securities 100 Energy Conference June 24, 2014 Chicago, IL. Safe Harbor Statement Global Hunter Securities 100 Energy Conference June 24, 2014 Chicago, IL Marvin J. Migura Executive Vice President Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation

More information

M. Kevin McEvoy. Oceaneering International, Inc. President & CEO. December 2, 2014 New York, NY. Safe Harbor Statement

M. Kevin McEvoy. Oceaneering International, Inc. President & CEO. December 2, 2014 New York, NY. Safe Harbor Statement December 2, 2014 New York, NY M. Kevin McEvoy President & CEO Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a belief, expectation, or intention

More information

Gap, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Gap, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Gap, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Gap, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Sector Publishing Intelligence

More information

Energy. Practice. Group

Energy. Practice. Group Energy Practice Group The Energy Practice Group is a multi-disciplinary group of investment banking advisors within Corporate Finance Associates. Collectively, the Energy Practice Group provides M&A advice

More information

Subsea UK Neil Gordon Chief Executive Officer Championing the UK Subsea Sector Across the World

Subsea UK Neil Gordon Chief Executive Officer Championing the UK Subsea Sector Across the World Subsea UK Neil Gordon Chief Executive Officer Championing the UK Subsea Sector Across the World 1 Overview About Subsea UK Facts and figures UK industry evolution Centre of Excellence Technology and Innovation

More information

Marvin J. Migura Sr. Vice President & CFO Oceaneering International, Inc.

Marvin J. Migura Sr. Vice President & CFO Oceaneering International, Inc. 2009 Energy, Utilities & Power Conference May 27, 2009 Marvin J. Migura Sr. Vice President & CFO Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express

More information

Kohler Co. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Kohler Co. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Kohler Co. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Kohler Co. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Sector Publishing Intelligence

More information

Wind Energy Technology Roadmap

Wind Energy Technology Roadmap Wind Energy Technology Roadmap Making Wind the most competitive energy source Nicolas Fichaux, TPWind Secretariat 1 TPWind involvement in SET-Plan process SRA / MDS Programme Report / Communication Hearings

More information

U.S. Job Creation in Offshore Wind. A Report for the Roadmap Project for Multi-State Cooperation on Offshore Wind

U.S. Job Creation in Offshore Wind. A Report for the Roadmap Project for Multi-State Cooperation on Offshore Wind U.S. Job Creation in Offshore Wind A Report for the Roadmap Project for Multi-State Cooperation on Offshore Wind October 2017 Report 17-22 Cover Image: Courtesy Siemens U.S. Job Creation in Offshore Wind

More information

COMPREHENSIVE SOLUTIONS

COMPREHENSIVE SOLUTIONS COMPREHENSIVE SOLUTIONS MCDERMOTT IS A PREMIER, FULLY INTEGRATED PROVIDER OF ENGINEERING, CONSTRUCTION AND TECHNOLOGY SOLUTIONS TO THE ENERGY INDUSTRY PROBLEM SOLVERS For more than a century, customers

More information

P1: OTA/XYZ P2: ABC JWBT483-fm JWBT483-Mckinsey February 16, :11 Printer Name: Hamilton VALUATION WORKBOOK i

P1: OTA/XYZ P2: ABC JWBT483-fm JWBT483-Mckinsey February 16, :11 Printer Name: Hamilton VALUATION WORKBOOK i VALUATION WORKBOOK Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed

More information

Deep and Ultra-deepwater Market Report to 2017

Deep and Ultra-deepwater Market Report to 2017 Deep and Ultra-deepwater Market Report to 2017 Infield System s ninth edition of the widely acclaimed Deep and Ultra-deepwater Market Report To 2017 provides detailed and comprehensive analysis into what

More information

Morgan Stanley Houston Energy Summit

Morgan Stanley Houston Energy Summit Morgan Stanley Houston Energy Summit February 25, 2014 Forward-Looking Statements This presentation contains forward-looking statements that involve risks, uncertainties and assumptions that could cause

More information

Chiyoda Corporation and Ezra Holdings Limited enter into MOU to establish 50:50 Joint Venture, EMAS CHIYODA Subsea

Chiyoda Corporation and Ezra Holdings Limited enter into MOU to establish 50:50 Joint Venture, EMAS CHIYODA Subsea Chiyoda Corporation and Ezra Holdings Limited enter into MOU to establish 50:50 Joint Venture, EMAS CHIYODA Subsea Chiyoda will invest in Ezra s Subsea Services business, EMAS AMC, to form EMAS CHIYODA

More information

NSRI Mastermining Wave & Tidal Workshop 16/05/18. Opening Address. David Rennie Head of Oil and Gas Scottish Enterprise.

NSRI Mastermining Wave & Tidal Workshop 16/05/18. Opening Address. David Rennie Head of Oil and Gas Scottish Enterprise. NSRI Mastermining Wave & Tidal Workshop 16/05/18 Opening Address David Rennie Head of Oil and Gas Scottish Enterprise What I am aiming to cover today The economic opportunity associated with the blue economy

More information

Gas Technology Review. Reach over 30,000 gas professionals worldwide

Gas Technology Review. Reach over 30,000 gas professionals worldwide M E D I A I N F O R M A T I O N Reach over 30,000 gas professionals worldwide The resurgence of natural gas as the fuel offering an economical and environmentally sound option to power the global economy

More information

Military Robotics - Emerging Trends and Future Outlook. Reference code: DF4580PR Published: July 2015 Single user price: US$1950

Military Robotics - Emerging Trends and Future Outlook. Reference code: DF4580PR Published: July 2015 Single user price: US$1950 Military Robotics - Emerging Trends and Future Outlook Reference code: DF4580PR Published: July 2015 Single user price: US$1950 1 Summary Military Robotics - Emerging Trends and Future Outlook is a report

More information

Oil and gas diversification Offshore wind NORWEP

Oil and gas diversification Offshore wind NORWEP Oil and gas diversification Offshore wind NORWEP 1/43 BVG Associates A renewable energy consultancy focusing on wind, wave and tidal, and energy systems Company Alan Duncan BVG Associates is a renewable

More information

Rod Larson President & CEO

Rod Larson President & CEO Connecting What s Needed with What s Next Rod Larson President & CEO J.P. Morgan Energy Equity Conference June 27, 2017 New York, NY Forward-Looking Statements Statements we make in this presentation that

More information

Offshore Trends Deep Pockets, Deepwater. Presented by: Mark Peters Group Publisher

Offshore Trends Deep Pockets, Deepwater. Presented by: Mark Peters Group Publisher Offshore Trends Deep Pockets, Deepwater Presented by: Mark Peters Group Publisher January 24, 2013 1 Factors Shaping Energy Expansion for the Next Decade: Peak Oil Climate Change Energy Nationalism Growth

More information

The future of offshore wind in the US

The future of offshore wind in the US The future of offshore wind in the US One of these things is not like the other Why is the adoption of the European Model not the best path forwards for the US offshore wind market? Arup specialists explore

More information

The New Energy at Global Industries

The New Energy at Global Industries 34 th Annual Marine/Offshore Industry Outlook Conference Offshore Construction Jim Osborn Chief Marketing Officer Global Industries 24 March 2011 1 The New Energy at Global Industries 2500 people 11 offices

More information

April By Type of Approach- Transfemoral and Transapical. By Region- North America, Europe, APAC and RoW

April By Type of Approach- Transfemoral and Transapical. By Region- North America, Europe, APAC and RoW Global Transcatheter Aortic Valve Replacement (TAVR) Market: Analysis By Type of Approach (Transfemoral and Transapical), By Region, By Country: Opportunities and Forecast (2017-2022) By Type of Approach-

More information

Unique range of activities OFFSHORE ONSHORE. A world leader in project management, engineering and construction for the energy industry

Unique range of activities OFFSHORE ONSHORE. A world leader in project management, engineering and construction for the energy industry 2 3 Unique range of activities A world leader in project management, engineering and construction for the energy industry S U B S E A OFFSHORE Subsea infrastructures, from deep to shore In subsea hydrocarbon

More information

Anchored by excellence

Anchored by excellence Anchored by excellence Tough economic times mean shipping companies are looking to wind farm development to fulfil capacity. Raymond Fisch, Senior Vice President of BBC Chartering explains to PES how they

More information

Oil and gas diversification Offshore wind NORWEP

Oil and gas diversification Offshore wind NORWEP Oil and gas diversification Offshore wind NORWEP 1/43 BVG Associates A renewable energy consultancy focusing on wind, wave and tidal, and energy systems Company Alan Duncan BVG Associates is a renewable

More information

Dinamarca el major acceso al Mar del Norte para proyectos offshore

Dinamarca el major acceso al Mar del Norte para proyectos offshore Dinamarca el major acceso al Mar del Norte para proyectos offshore Denmark - the best access to The North Sea Offshore projects Morten Basse Jensen, CEO, Offshoreenergy.dk AEE meeting, September 16 th

More information

DNB s oil and offshore conference. Idar Eikrem, CFO

DNB s oil and offshore conference. Idar Eikrem, CFO DNB s oil and offshore conference Idar Eikrem, CFO Well positioned for future market opportunities 1) Leading contractor within proven track record 2) Competitive position strengthened a) Delivering projects

More information

Microequities 10th Microcap Conference

Microequities 10th Microcap Conference Microequities 10th Microcap Conference MATRIX COMPOSITES & ENGINEERING Aaron Begley Chief Executive Officer 5 July 2016 Agenda Company overview Business operations Strategy & outlook 2 What we do Matrix

More information

Strategic Partnerships in Offshore Project Installations and Wind Farm Operation

Strategic Partnerships in Offshore Project Installations and Wind Farm Operation Presentation Document Strategic Partnerships in Offshore Project Installations and Wind Farm Operation Track: Policy, Industry, Markets & Regulation EWEA Annual Event, Brussels, March 14, 2011 Speaker:

More information

Offshore Renewables Institute

Offshore Renewables Institute Offshore Renewables Institute Introducing the Offshore Renewables Institute (ORI) About Us We bring together experts and expertise from across a broad university partnership: the University of Dundee;

More information

CAPETANO OIL LIMITED (+233) (+233)

CAPETANO OIL LIMITED (+233) (+233) 1 CAPETANO OIL LIMITED (+233) 202 027 485 (+233) 209 985 175 www.capetano.com info@capetano.com C90/24 Osu Badu Street, Airport Residential Area, Accra Ghana. 2017 Capetano Oil Limited. All rights reserved.

More information

Q Q Q Q Q % % 46.8% 61.0% 35.6% 57.5% 52.1% 60.5% 44.6% 63.3% 15,267 15,081 15,260 15,265 16,299

Q Q Q Q Q % % 46.8% 61.0% 35.6% 57.5% 52.1% 60.5% 44.6% 63.3% 15,267 15,081 15,260 15,265 16,299 Press release Paris, May 4, 2017 BOURBON 1 st quarter 2017 financial information Adjusted revenues amounted to 225.5 million ( 204.9 million in consolidated revenues) in the 1 st quarter of 2017, down

More information

Represented a Russian State oil company on its acquisition of an interest in Russian upstream acreage and the related joint venture.

Represented a Russian State oil company on its acquisition of an interest in Russian upstream acreage and the related joint venture. Jennifer A. Josefson Partner Mergers and Acquisitions / Energy and Infrastructure Projects Moscow: +7 495 228 8502 jjosefson@kslaw.com Jennifer Josefson specializes in international, cross-border transactions

More information

Founding Manifesto Friends of Floating Offshore Wind 18 May 2016

Founding Manifesto Friends of Floating Offshore Wind 18 May 2016 Founding Manifesto Friends of Floating Offshore Wind 18 May 2016 Members: Pilot Offshore Renewables Hexicon RES Offshore IDEOL Floating Power Plant Glosten PelaStar Principle Power Inc. Atkins ACS Cobra

More information

Strategic performance in the toughest environments

Strategic performance in the toughest environments Strategic performance in the toughest environments April 2016 Floating Structures a heerema company The challenges of floating structures The unique environment of deep-water offshore developments often

More information

Model project plan for Borssele (Innovation) Wind Farm Site V

Model project plan for Borssele (Innovation) Wind Farm Site V Model project plan for Borssele (Innovation) Wind Farm Site V Tips on how to draft your application: This project plan should be used to give a description of the project for which you are applying for

More information

Efficiency gains compensating for wage hikes and recruitment challenges.

Efficiency gains compensating for wage hikes and recruitment challenges. Efficiency gains compensating for wage hikes and recruitment challenges. Danish experience from the North Sea. Speaker: Mr. Peter Blach CEO - Offshore Center Danmark WWW: www.offshorecenter.dk The copyright

More information

Taking the Temperature of Scottish oil & gas industry Gerry Love

Taking the Temperature of Scottish oil & gas industry Gerry Love Taking the Temperature of Scottish oil & gas industry Gerry Love Introduction Scotland has long been recognised as a major oil and gas hub a gateway to the North Sea and the Atlantic Ocean. The depth,

More information

The Walt Disney Company - Strategy, SWOT and Corporate Finance Report

The Walt Disney Company - Strategy, SWOT and Corporate Finance Report The Walt Disney Company - Strategy, SWOT and Corporate Finance Report The Walt Disney Company - Strategy, SWOT and Corporate Finance Report The Business Research Store is run by Sector Publishing Intelligence

More information

Offshore Australasia Oil & Gas Market Report to 2017

Offshore Australasia Oil & Gas Market Report to 2017 Offshore Australasia Oil & Gas Market Report to 2017 Infield Systems has just released the latest edition of its Offshore Australasia Oil and Gas Market Report To 2017. This latest report provides a detailed

More information

M. Kevin McEvoy. Oceaneering International, Inc. Chief Executive Officer 2015 GLOBAL ENERGY AND POWER EXECUTIVE CONFERENCE JUNE 2, 2015 NEW YORK, NY

M. Kevin McEvoy. Oceaneering International, Inc. Chief Executive Officer 2015 GLOBAL ENERGY AND POWER EXECUTIVE CONFERENCE JUNE 2, 2015 NEW YORK, NY 2015 GLOBAL ENERGY AND POWER EXECUTIVE CONFERENCE JUNE 2, 2015 NEW YORK, NY M. Kevin McEvoy Chief Executive Officer Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation

More information

Industry Insights Drilling Rigs Market HEADLINES. The number of stacked rigs has increased by 33% in the last year.

Industry Insights Drilling Rigs Market HEADLINES. The number of stacked rigs has increased by 33% in the last year. ISSUE NO 1 January 217 Industry 217 Drilling Rigs Market HEADLINES The number of stacked rigs has increased by 33% in the last year. 4% Of the global fleet is now stacked with utilisation falling to 51%.

More information

HOTELS, TOURISM & LEISURE. Hotels, Tourism & Leisure

HOTELS, TOURISM & LEISURE. Hotels, Tourism & Leisure HOTELS, TOURISM & LEISURE nem is one of Australasia s largest boutique business consultancy firms, which is able to draw on the significant skills and experience of over 50 partners across Australia and

More information

QUARTERLY UPDATE Q2 FY13

QUARTERLY UPDATE Q2 FY13 QUARTERLY UPDATE Q2 FY13 Summary Current order book increased by 51 per cent Quotes remain at near record highs Launch of new high impact resistant centralisers Reconfigured plant shift roster and operational

More information

36 th Annual Marine Technology Society Outlook Conference

36 th Annual Marine Technology Society Outlook Conference 36 th Annual Marine Technology Society Outlook Conference 2013-2015 2015 Outlook for Major Segments of the INDUSTRY International OUTLOOK Offshore Industry Steve Roll, Vice President & General Manager

More information

Transaction Services. Member of Invest Europe and SECA Swiss Priva te E quity & Corporate Finance Association

Transaction Services. Member of Invest Europe and SECA Swiss Priva te E quity & Corporate Finance Association Transaction Services Profile BridgeLink M&A und Corporate Finance BridgeLink is an international service company providing comprehensive solutions in M&A and Corporate Finance. We are located in Basel

More information

Review of the UK oilfield services industry. January 2016

Review of the UK oilfield services industry. January 2016 Review of the UK oilfield services industry January 2016 Wells 04 Review of the UK oilfield services industry January 2016 23 Wells Figure 15: UK upstream oil and gas supply chain sub-sectors Supply chain

More information

Excellence in Deepwater through Innovation Paul H. Hillegeist President & COO Quest Offshore Resources, Inc.

Excellence in Deepwater through Innovation Paul H. Hillegeist President & COO Quest Offshore Resources, Inc. Excellence in Deepwater through Innovation Paul H. Hillegeist President & COO Quest Offshore Resources, Inc. Paul.Hillegeist@questoffshore.com Image courtesy of: EMAS AMC 1 Table of Contents A Few Examples

More information

Matrix Composites & Engineering Ltd

Matrix Composites & Engineering Ltd Matrix Composites & Engineering Ltd Euroz 2015 Industrials Tour 10 June 2015 Overview Introduction to Matrix Business Operations and Outlook Plant Tour 2 Introduction to Matrix WHO WE ARE AND WHAT WE DO

More information

M&A Update 1H Proven. Focused. Trusted. Accounts Receivable Management Healthcare IT Revenue Cycle Management

M&A Update 1H Proven. Focused. Trusted. Accounts Receivable Management Healthcare IT Revenue Cycle Management M&A Update 1H 2017 Accounts Receivable Management Healthcare IT Revenue Cycle Management Proven. Focused. Trusted. 301-576-4000 www.greenberg-advisors.com Proven. Focused. Trusted Revenue Cycle Management

More information

Great Reasons to Build Your Career in North East England. Subsea, Marine, and Offshore

Great Reasons to Build Your Career in North East England. Subsea, Marine, and Offshore Great Reasons to Build Your Career in North East England Subsea, Marine, and Offshore There are many great reasons to build your career in North East England. This presentation, developed through a partnership

More information

ConvaTec Group Plc - Pharmaceuticals & Healthcare - Deals and Alliances Profile

ConvaTec Group Plc - Pharmaceuticals & Healthcare - Deals and Alliances Profile ConvaTec Group Plc - Pharmaceuticals & Healthcare - Deals and Alliances Profile ConvaTec Group Plc - Pharmaceuticals & Healthcare - Deals and Alliances Profile BioPortfolio has been marketing business

More information

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. Safe Harbor Statement

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. Safe Harbor Statement July 1, 2015 - Houston, TX Marvin J. Migura Executive Vice President Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a belief, expectation, or

More information

Programme and company profiles

Programme and company profiles 8 th Offshore Wind Supply Chain Conference Programme and company profiles Oslo, 26 April 2017 DLA Piper, Bryggegata 6 In cooperation with: In cooperation with: 09:30 Registration & coffee PROGRAMME 8th

More information

Onshore & Offshore Engineering and Management of Subsea Cables and Pipelines

Onshore & Offshore Engineering and Management of Subsea Cables and Pipelines Established in 1997, Primo Marine is an independent specialist with a wealth of experience in subsea cable engineering, from landfalls to subsea marine infrastructures. With an extensive track record,

More information

For personal use only

For personal use only Octanex NL ABN 61 005 632 315 Level 21 500 Collins Street Melbourne Victoria 3000 Australia Tel: +61 (0)3 8610 4702 Fax: +61 (0)3 8610 4799 Email: admin@octanex.com.au Website: www.octanex.com.au 16 January

More information

DIGITALISATION OFFSHORE

DIGITALISATION OFFSHORE aveva.com DIGITALISATION OFFSHORE Is it the secret to sustaining lower operating costs? EXECUTIVE SUMMARY September 2017 EXECUTIVE SUMMARY 2 The offshore oil and gas production sector has been particularly

More information

Jørn Scharling Holm DONG Energy

Jørn Scharling Holm DONG Energy Jørn Scharling Holm DONG Energy 3 rd June 2016 Offshore BoP - Sub-topics and timelines Delivery by Delivery by Table Priority Table 2020-2025 Table 2025-2030 Delivery post 2030 Industrialized transport

More information

Adjusted revenues for the 3 rd quarter recorded a slight rise of 2.6% compared to the previous quarter (consolidated revenues up 4.

Adjusted revenues for the 3 rd quarter recorded a slight rise of 2.6% compared to the previous quarter (consolidated revenues up 4. Press release BOURBON Financial information 3 rd quarter and 2018 Marseilles, November 8, 2018 Adjusted revenues for the 3 rd quarter recorded a slight rise of 2.6% compared to the previous quarter (consolidated

More information

Silicon Valley Venture Capital Survey Second Quarter 2018

Silicon Valley Venture Capital Survey Second Quarter 2018 fenwick & west Silicon Valley Venture Capital Survey Second Quarter 2018 Full Analysis Silicon Valley Venture Capital Survey Second Quarter 2018 fenwick & west Full Analysis Cynthia Clarfield Hess, Mark

More information

Silicon Valley Venture Capital Survey Third Quarter 2017

Silicon Valley Venture Capital Survey Third Quarter 2017 fenwick & west Silicon Valley Venture Capital Survey Third Quarter 2017 First Look Silicon Valley Venture Capital Survey Third Quarter 2017 fenwick & west First Look Cynthia Clarfield Hess, Mark Leahy

More information

Amsterdam. allenovery.com

Amsterdam. allenovery.com Amsterdam 2 Allen & Overy Amsterdam Companies today have to be able to respond to global trends while still building on strong, local foundations. As a truly global firm, with strong attachment to our

More information

FoundOcean All-Energy Presentation May The experts in subsea grouting for the offshore energy construction industry

FoundOcean All-Energy Presentation May The experts in subsea grouting for the offshore energy construction industry FoundOcean All-Energy Presentation May 2012 The experts in subsea grouting for the offshore energy construction industry Overview of FoundOcean Established in the 1960 s, originally part of the Wimpey

More information

I Overview. II Hallmarks of Turnpoint Group. III Corporate Financial Services. IV Assignments. V Clients. VI Market Segments

I Overview. II Hallmarks of Turnpoint Group. III Corporate Financial Services. IV Assignments. V Clients. VI Market Segments Content I Overview II Hallmarks of Turnpoint Group III Corporate Financial Services IV Assignments V Clients VI Market Segments VII Selection of transactions a. advising the seller b. advising the buyer

More information

Clare Capital. Credentials

Clare Capital. Credentials Clare Capital Credentials About Us Clare Capital undertakes rigorous analysis and provides thoughtful advice from extensive experience to help Boards and CEOs make optimal capital, asset and strategic

More information

TECH START-UP CONNECTING ACROSS GEOGRAPHIES

TECH START-UP CONNECTING ACROSS GEOGRAPHIES #ML15MayRathon TECH START-UP CONNECTING ACROSS GEOGRAPHIES Andrew Ray, Partner, Washington DC William Perkins, Partner, Boston James Chapman, Partner, Silicon Valley Joseph Statter, Managing Director,

More information

Subsea UK - Underwater Vehicles Conference

Subsea UK - Underwater Vehicles Conference Subsea UK - Underwater Vehicles Conference Andrew Reid President, Consulting - Westwood Global Energy 21 st November 217 Market Summary Pricing Estimated drop in prices of between 1% and up to 4% since

More information

Annual Report 2010 COS T SME. over v i e w

Annual Report 2010 COS T SME. over v i e w Annual Report 2010 COS T SME over v i e w 1 Overview COST & SMEs This document aims to provide an overview of SME involvement in COST, and COST s vision for increasing SME participation in COST Actions.

More information

Walgreens KINSON RUSSO NET LEASED TEAM

Walgreens KINSON RUSSO NET LEASED TEAM KINSON RUSSO NET LEASED TEAM Walgreens PRESENTED BY Douglas T. Kinson Director - Net Leased Properties Group Orlando Office Dir: (407) 557-3842 Cell: (407) 625-9539 Fax: (407) 557-3810 douglas.kinson@marcusmillichap.com

More information

The offshore wind market deployment: forecasts for 2020, 2030 and impacts on the European supply chain development

The offshore wind market deployment: forecasts for 2020, 2030 and impacts on the European supply chain development Available online at www.sciencedirect.com Energy Procedia 24 (2012 ) 2 10 DeepWind, 19-20 January 2012, Trondheim, Norway The offshore wind market deployment: forecasts for 2020, 2030 and impacts on the

More information

Before the EPA Trans-Tasman Resources Ltd Ironsands Extraction Project

Before the EPA Trans-Tasman Resources Ltd Ironsands Extraction Project Before the EPA Trans-Tasman Resources Ltd Ironsands Extraction Project In the matter of the Exclusive Economic Zone and Continental Shelf (Environmental Effects) Act 2012 And In the matter of a board appointed

More information

Investing in Myanmar CO-OPERATIVE BANK LTD SINCE 1992

Investing in Myanmar CO-OPERATIVE BANK LTD SINCE 1992 Investing in Myanmar CO-OPERATIVE BANK LTD SINCE 1992 About CB Securities Wholly Owned Subsidiary of CB Bank, third largest bank in Myanmar by Assets Established in 2015 for development of modern capital

More information

Nasir, Dao PKM Abdul Partner PwC Legal (Vietnam) Co., Ltd

Nasir, Dao PKM Abdul Partner PwC Legal (Vietnam) Co., Ltd Nasir, Dao PKM Abdul Partner PwC Legal (Vietnam) Co., Ltd Get in touch Tel. (direct): +84 (8) 3824 0109 nasir.pkm@pwc.com Professional profile Nasir is a partner and the Legal Services Leader in Vietnam.

More information

Overview of Venture Equity

Overview of Venture Equity Overview of Venture Equity SVB Analytics Report 2017 Written by SVB Analytics: Steve Liu Managing Director sliu@svb.com Sean Lawson Senior Manager slawson2@svb.com Steven Pipp Senior Associate spipp@svb.com

More information

The Gas-to-Liquids (GTL) Market

The Gas-to-Liquids (GTL) Market 7. Expert Opinion 7.1 CompactGTL Mr Iain Baxter is the Director of Business Development at CompactGTL. Prior to joining CompactGTL he was Business Director at Advantica Ltd (formerly British Gas). CompactGTL

More information

Asia Pacific UK Cross border transactions. Corporate Finance PRECISE. PROVEN. PERFORMANCE.

Asia Pacific UK Cross border transactions. Corporate Finance PRECISE. PROVEN. PERFORMANCE. Asia Pacific UK Cross border transactions PRECISE. PROVEN. PERFORMANCE. Cross border transactions Our services Moore Stephens global network of offices allows us to combine expert knowledge and advice

More information

Emerging Subsea Networks

Emerging Subsea Networks FIBRE-TO-PLATFORM CONNECTIVITY, WORKING IN THE 500m ZONE Andrew Lloyd (Global Marine Systems Limited) Email: andrew.lloyd@globalmarinesystems.com Global Marine Systems Ltd, New Saxon House, 1 Winsford

More information

ORIENT OPERATING COMPANY PRIVATE LIMITED PROFILE

ORIENT OPERATING COMPANY PRIVATE LIMITED PROFILE ORIENT OPERATING COMPANY PRIVATE LIMITED PROFILE Orient Operating Company Private Limited is an affiliate of the Orient Group and operates in the energy sector i.e. power generation and oil exploration.

More information