The MTS Houston Section will host its annual Marine/Offshore Industry Outlook Conference on March 22, 2018 in Houston in conjunction with NOIA (The National Ocean Industries Association). Now in its 41st year, this highly acclaimed half-day conference provides industry professionals with insights and forecasts for the following three years.

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook.

Inspection provider for the oil and gas industry, Innospection has announced the appointment of Alex Crossland as General Manager based at the Headquarters in Aberdeen.

Earlier this year Jumbo completed their project for the Arkona offshore wind farm (E.ON and Statoil).

Phoenix International Holdings, Inc. (Phoenix) announces that their HSEQ Manager, Preeti Mehta, has joined the working committee on Measuring Barrier Strength for the Center for Offshore Safety. Preeti is an experienced HSE leader with over 17 years of regulatory, risk management, project management, and HSE management systems knowledge with a bachelor's degree in Chemistry and Microbiology.

Schlumberger and Subsea 7 S.A. have announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.

Based on a positive election in New Jersey, offshore wind bids in Massachusetts and the release of the New York State Offshore Wind Master Plan, 2018 expectations for the U.S. offshore wind market were high. The first six weeks of 2018 indicate that the industry may have to raise its sights even higher.

Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately US$ 40 million and the project is expected to commence in the second quarter of 2018.

In the early hours of Sunday, February 25, drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on February 7, the project could boast break-even reduction from USD 34 to USD 16 per barrel.

An explosion of innovation in the UK will see an army of autonomous robots service giant wind turbines with tens of rotors, while parachute-shaped kites will transform how we think about wind turbines.

In a recent analysis of decisions to invest in the development of oil and natural gas resources, three economists from the EIA conclude that many large, capital-intensive oil and gas projects will come online after 2025 in order to meet rising demand.

JFD, a world leading underwater capability provider serving the commercial and defense markets, and part of James Fisher and Sons plc, has successfully completed the build of the first of its two new innovative 3rd Generation submarine rescue systems, due to be delivered to the Indian Navy in March 2018.

Dril-Quip, Inc. (NYSE:DRQ) has announced that Dril-Quip Asia Pacific Pte Ltd, its wholly-owned subsidiary based in Singapore, has been awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of the Ca Rong Do Project located offshore Vietnam operated by Repsol with the participation of Mubadala, PVEP and PetroVietnam.

SK innovation’s CEO Jun Kim, announced on February 21, 2018 that it made oil discovery in the PRMB block 17/03 in the South China Sea.

The 2018 edition of BP’s Energy Outlook has been published and considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. The speed of the energy transition is uncertain and the new Outlook considers a range of scenarios.

Danos has successfully completed a turnaround comprising four client offshore facilities in Equatorial Guinea. Though estimated to require 10 days of downtime, Danos completed the work ahead of schedule, with production resuming after only seven days.