This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
23/07/2013
According to the latest EIC Monitor report from the Energy Industries Council (EIC), investment activity across the global energy project landscape is growing. Figures show a substantial increase in total estimated investment in the second quarter of 2013.
The report shows that there has been a 28 per cent increase on the estimated investment value of US$ 342 billion of new projects across the global energy supply chain, compared to the first quarter of this year.
At a closer look the report highlights that in Q2 2013 there have been 63 new projects in the upstream sector, totalling US$ 48.8 billion, 63 new projects in the midstream sector totalling US$ 88.3 billion in and 67 new projects in the downstream sector, totalling US$ 104.3 billion in Q2 2013.
Commenting on the report findings, Patrick Phelan, managing director of Aquaterra Energy, said: “Our industry is buoyant and thriving with significant growth in all sectors and we are busy maximising all opportunities, with seamless team delivery of end-to-end projects, from conceptual design, and engineering analysis to construction and installation, across multiple markets. With offices in England, Scotland, Asia-Pacific and USA, we are well placed to deliver offshore engineering solutions on a global scale.”