PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Visiongain

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Spending in the Mobile Offshore Drilling Unit Market in 2012 Will Total $48.1 bn Says Visiongain - Oil and gas production from offshore resources is of considerable importance for energy companies as existing base resources are being depleted at a rapid rate - Visiongain.com
Spending in the Mobile Offshore Drilling Unit Market in 2012 Will Total $48.1 bn Says Visiongain

 

NewswireToday - /newswire/ - London, United Kingdom, 2012/03/26 - Oil and gas production from offshore resources is of considerable importance for energy companies as existing base resources are being depleted at a rapid rate - Visiongain.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

New oil discoveries of significance are becoming less common, with the majority of major finds being offshore. A large amount of undeveloped offshore oil and gas fields as well as new offshore discoveries will help drive the MODU market, especially in deepwater. With strong oil prices persisting, major energy companies are increasingly reinvesting their earnings in exploration and development of offshore oil and gas basins. Visiongain calculates capital expenditure in the MODU market will total $48.1bn in 2012.

According to the International Energy Agency, global oil demand will rise from 88 million barrels today to around 99 million barrels in 25 years time. Over this period the cost of extracting oil will be higher and production from offshore resources will not be as expensive as it was relative to development of onshore hydrocarbons.

Although new technological improvements mean fewer people will be needed on offshore oil and gas drilling rigs, the construction industry behind MODUs and assembly of related technologies is providing employment for thousands of people. For example, the Brazilian marine construction industry has emerged on a vast scale to enable its offshore industry to provide MODUs and technologies for Petrobras to meet its vast oil production targets from its offshore resources.

Most super-major oil and gas companies as well as independent oil and gas companies have each secured a share in the hydrocarbon-rich offshore regions across the globe and demand for MODUs is strong. Meanwhile, health and safety standards and technology have both improved across the industry, leading to a backlog of orders for new-build MODU.

The Mobile Offshore Drilling Units (MODU) Market 2012-2022 report includes 144 tables, charts and graphs that analyse quantify and forecast the MODU market in detail from 2012-2022 at the global level, four submarkets and for 7 regional markets. The analysis and forecasting ahs been reinforced by extensive consultation with industry experts. Two full transcripts of exclusive interviews are included from Friede & Goldman and Maxeler Technologies. The report also profiles 55 leading companies involved in the MODU market.

You will gain valuable insight into the future developments of the mobile offshore drilling unit market by ordering The Mobile Offshore Drilling Units (MODU) Market 2012-2022 report.

For sample pages and further information concerning the Visiongain report The Mobile Offshore Drilling Units (MODU) Market 2012-2022 please visit the website

About visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Visiongain

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Spending in the Mobile Offshore Drilling Unit Market in 2012 Will Total $48.1 bn Says Visiongain

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Sara Peerun - Visiongain.com 
+44(0)20 7336 6100 sara.peerun[.]visiongainglobal.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Visiongain securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Visiongain / Company Profile


Read Energy Most Recent Related Newswires:

The Abraaj Group and ENGIE to Develop a Wind Power Platform in India
Enel Starts Operation of South America's Two Largest Solar Parks in Brazil
Anheuser-Busch and Enel Green Power Announce Renewable Energy Partnership
EDP Renováveis and ENGIE Consortium Awarded Long-term CfD for 950 MW Offshore Wind Project in UK
E-Distribuzione Installs over A Million Electronic 2.0 Open Meters
ENGIE, through its Subsidiary ENGIE Axima, has Opened Exclusive Negotiations to Buy MCI, French Specialist in Industrial and Commercial Refrigeration
Enel Starts Construction of Peru’s Largest Wind Farm
GE Hits 5GW Milestone of Wind Energy in Brazil
Enel Starts Operations of Delfina Wind Farm in Brazil
GE to Install Advanced Wind Turbines for 150 MW Clean Power Project in Pakistan’s Jhimpir Corridor
ENGIE to Develop its First Renewable Project in Mongolia
Enel Starts Construction of Ayanunga Hydro Plant in Peru
Sundance Square and Green Mountain Energy Announce Extended Clean Energy Partnership
Enel Signs Tax Equity Agreement for 300 MW Red Dirt Wind Project in the USA
GE’s Hornet Voltage Regulators Set to Swarm the Industrial Power Sector

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)