Information on Oil & Gas Subsea Industry?

[youngsyr]

Hi all, I wasn't sure where best to post this, or even if anyone on here can help, but I'm looking for any (public) information (ideally research notes, but even links to websites of companies operating in those areas would be great) on the UK and European Subsea Oil & Gas industry.

Any general information would be useful, such as market size, key participants, historic market data, predicted future trends, key events and so on, but if anyone has any specific information relating to the following sub-industries than that would be extremely useful as well. specifically:

- Surveying;
- Construction & Engineering;
- Vessel Management and chartering; and
- Subsea Works.

It's not investment related or anything like that, I'm just tyring to gen up on the industry.

[SSC!]

I know there will be some oil and gas folk in The Lounge but it might also be worth your while posting this in the Scotland section to get some replies.

Cheers

Ave

[jshell]

There're a lot of us Subsea Engineers on here, particularly in the Scotland forum - post something over there.

Worth trying with the IME: Institute of Marine Engineers, SUT: Society of Underwater Technology, etc, etc. There's also a Subsea Eng specific conference held annually in Aberdeen/London/Norway. May be worth doing a search for that and attending as you'd meet many of the bigger players who're always keen to give out info.

You've just missed Offshore Europe, the huge conference held every few years in Aberdeen.

Also try www.subsea-news.co.uk

[jshell]

I should add that most Subsea Engineering is overseas now, particularly in the deepwater arena...

[hog 1]

Buy, beg, borrow or ask your library for a copy of International Petroleum Encylopedia published annually by Penwell Books in USA. ISBN 9978-1-59370-164-2. It will tell you almost everything you wanted to know.
You can also try websites like Hydrocarbon Processing, Upstream, Rigwatch, etc., but mostly you have to be a subscriber.

[jerwatt]

Might be worth contacting Oil and Gas UK or having a look at their website, as they do reports of some of those things.

[rpla102]

http://www.subseauk.org/results.asp?init=all

[youngsyr]

Thanks for all your help. I've spent all morning digging around the internet and have found a wealth of information, but what I'm missing is an overview of the UK / Western European Subsea industry, in terms of key participants, their activities, market share, market size, historic trends, future predictions and so on.

I would imagine those are all covered in some of the broker reports that are available to buy from various research houses, but at £2K-£3.5K each, I'm not going to be getting my hands on a copy anytime soon!

[D_T_W]

youngsyr said:

I would imagine those are all covered in some of the broker reports that are available to buy from various research houses, but at £2K-£3.5K each, I'm not going to be getting my hands on a copy anytime soon!

You're not missing much, by and large they're not worth the paper they're written on. I bought 5 as a research project at my last job (at a rather eye watering £2500 each), they were virtually identical, and contained about 1 side of A4 of useful information.

[youngsyr]

D_T_W said:

youngsyr said:

I would imagine those are all covered in some of the broker reports that are available to buy from various research houses, but at £2K-£3.5K each, I'm not going to be getting my hands on a copy anytime soon!

You're not missing much, by and large they're not worth the paper they're written on. I bought 5 as a research project at my last job (at a rather eye watering £2500 each), they were virtually identical, and contained about 1 side of A4 of useful information.

I'll take your word for it as I certainly won't be shelling out that much for one!

At the moment I'm drowning in detail. There's simply loads of detailed information about what is currently going on in the industry and which company is doing what, but what I really need is a general market overview and some statistics about size, market share, historic trends, future predictions etc.

[jshell]

youngsyr said:

D_T_W said:

youngsyr said:

I would imagine those are all covered in some of the broker reports that are available to buy from various research houses, but at £2K-£3.5K each, I'm not going to be getting my hands on a copy anytime soon!

You're not missing much, by and large they're not worth the paper they're written on. I bought 5 as a research project at my last job (at a rather eye watering £2500 each), they were virtually identical, and contained about 1 side of A4 of useful information.

I'll take your word for it as I certainly won't be shelling out that much for one!

At the moment I'm drowning in detail. There's simply loads of detailed information about what is currently going on in the industry and which company is doing what, but what I really need is a general market overview and some statistics about size, market share, historic trends, future predictions etc.

That is quite a tall order!

Certainly my company which is a relatively large IOG co. is about to go through a re-assessment of long-term commitments to the N Sea. Vessel hours are down and likely to get a little cut-throat. There are none of the huge Subsea projects that we've seen in the past planned for the near future, though it the only way to develop in the N Sea now. Smaller ventures are taking on bigger, mature assets as they can operate and maintain them on a smaller margin than the IOC's. I think that the Shell's and BP's will be looking further afield in the near future. On the other hand, the subsea industry is growing elsewhere, particularly W Africa and many companies may choose to maintain a skills-base in Aberdeen in support of these overseas prospects. It may be enough to maintain teh Aberdeen economy.

I'm home in a couple of weeks, if you'd like to chat then PM me.