Through 2017 we have seen oil prices stabilise at around $50 a barrel (Brent Crude) and begin to creep upward towards $60. Some are calling this price range the new industry “norm”, however is this a false dawn or a genuine recovery towards a price where sustainable field developments can be maintained?
Subsea and underwater industries seem to have recognised the need for change, innovation and the beneficial deployment of technology are once again being talked of in terms of unlocking hydrocarbon wealth. Should the subsea sector refocus and accelerate diversification into low carbon energy sectors or continue the previously trodden path as oil recovers?
Chairperson: Tony J A Laing - Laing Associates – Independent business & technical advisor
Simmons & Co. – Managing Director
This presentation will provide an update on the overall market environment within oil and gas with a focus on oil price developments, M and A trends in the oil and gas services sector, capital market valuations and corporate activity and discussion topics relevant to the subsea sector.
WoodMac – Operations Director, Infield Wood MacKenzie
The macro environment, oil price forecast and fundamentals will be presented as well as a refl ection of the past 5 years and forecast for the next 5 years, looking at projects coming on-stream and the qualification of kit and services across the major off shore sectors. Short-term pricing and investments,and expectations for the supply chain by way of consolidation/optimisation/standardisation – with shortterm survival tactics – will be discussed.
Scottish Enterprise – Head of Energy – Oil and Gas
This presentation shall share with you the development plan within Scottish Enterprise for the subsea sector and how the oil and gas subsea sector can diversify into other subsea sectors, not only within the UK, but build the global subsea footprint. Th is will be supported with case studies sharing with you who Scottish Enterprise are and how they may assist.
For more information and to book, please use the following link https://www.sut.org/events/