Don’t miss The Underwater Technology Conference in Bergen
Signs of improvement in the subsea industry are finally here. The bottom has been hit and is now in the past. But, there are still strong head currents, low margins – if any, in some cases – and market uncertainty, on a global level.
Written by Elaine Maslin
Owe Hagesæther, Chief Executive Officer at GCE Ocean Technology, co-host of the 25th Underwater Technology Conference (UTC), says that now is the time for companies to look closely at their businesses and what other “legs” in other subsea sectors they could stand on, so that they’re sustainable, in the long term, both locally and in the global market place.
Leading speakers from global energy giants are set to tackle some of the most pressing global, technological and macro-economic questions facing the subsea industry at this year’s 25th Underwater Technology Conference (UTC) in Bergen, Norway.
“This year has been better for most companies, contracts have been signed, but the prices and the competition have increased, so it’s hard to make good business,” says Hagesæther. “It’s a big issue, energy companies need to allow the supply chain to have profitable contracts or there will be problems; inability to fulfill contracts, quality issues.
“On the other side, contractors, suppliers need to prepare themselves for hard competition and try to establish new related markets for themselves, such as in offshore wind, so that they have more than one leg to stand on.”
These are among the top key topics business leaders will discuss at this year’s conference, being held June 11-13, in Bergen.
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Read the full article, programme and register at UTC 2019 where you can also learn more about extended deadlines for abstracts.