LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global mooring systems market report. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
The Alaska Division of Oil and Gas awarded more than six offshore oil fields in the Cook Inlet under the state's bidding round during 2015. These offshore oil fields were given to AIX Energy, Hilcorp Alaska, and Woodstone Resources on lease basis for more than nine years. Moreover, the Bahamian House of Assembly reviewed the new Petroleum Bill, which was designed to guide the next phase of oil and natural gas exploration around coastal islands during 2015.
Competitive vendor landscape
According to the report, companies, such as Balltech and SBM Offshore, have a highly integrated value chain. These companies offer mooring systems with planning, technologies, design, components, and services to the offshore oil and gas industry.
“Novel players, such as African Maritime Services are likely to invest in the industry due to the growing innovation in the mooring system sector. However, high investment is involved in the development of infrastructure for offshore mooring systems. In addition, the lack of technical knowledge of inexperienced players will hamper the growth of the sector during the forecast period,” says Shakti Jakhar, a lead logistics research analyst from Technavio.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Top five mooring systems market vendors
Balltec provides pioneering innovation in taper and ball technology for use in pipeline recovery systems, heavy lifting applications, and mooring connections, primarily in offshore environments. The world’s first ball and taper device for oil and gas application was designed in 1983, which was followed by the weld-less mechanical pipe connector in 1986.
Delmar Systems is a prominent provider of mooring system services to the offshore oil and gas industry, including conventional catenary, insert and extension wire mooring, suction anchor. It also provides innovative mooring designs and solutions. The company developed a suction anchor system that requires only one anchor handling vessel (AHV) and subsea connector, which can be disconnected for both permanent and temporary installations.
MODEC is a general contractor that specializes in the procurement, engineering, installation, and construction of floating production systems, such as Floating Storage and Offloading (FSO) vessels, and FPSO vessels. The company has regional offices in Australia, Angola, Brazil, Belgium, Indonesia, Ghana, Ivory Coast, Mexico, Singapore, Nigeria, Thailand, Vietnam, and the US.
Offspring International specializes in equipment for offloading, control, and mooring systems to optimize terminal operations of both onshore and offshore activities. The company offers integrated supply of equipment for SPM and CBM buoy mooring, breakaway couplings, PLEM autonomous shutdown valve technology, and hoses combined with a comprehensive terminal monitoring and management system.
SBM Offshore provides various floating production solutions to the offshore energy industry, which operates over the full product life-cycle. Its main activities are the supply, design, operation, installation, and the life extension of FPSO vessels. These are either operated or owned by the company and leased to its clients, which is on a turnkey sale basis.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Browse Related Reports:
- Spare Parts Logistics Market in APAC 2017-2021
- Global Flexitanks Market 2017-2021
- Global Electric Winch Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.