Global offshore oil and gas pipeline demand set for 26% drop in 2020, but recovery will be swift


SCM Daleel - Admin

Image 16.11.2020
Image 584
Image 0 Comments
Image 0 Shares

The global oil and gas market demand for large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26% this year, with the size of total installations forecasted to reach 2,150 kilometers (km), a Rystad Energy analysis shows. This downturn’s impact on trunkline demand is, however, lighter than that of 2016, and recovery is likely to be swift, led by projects in the Middle East.


Full Article 

Post comment

Please log in or register to add comments or answers