A report by Douglas-Westwood (UK) forecasts strong growth in demand for ROV support of offshore operations between 2011 and 2015, driven by a significant rise in offshore exploration and subsea field development activity. Research indicates that all the market drivers of the work-class ROV business are in a period of growth, and the report forecasts that total annual expenditure on ROV support of underwater operations will grow from USD891 million in 2010 to USD1,692 million in 2015.
connect. engage. advance.
OceansAdvance is your connection point to the ocean technology
innovation ecosystem in Newfoundland and Labrador
You might also like
Kraken Reports Contracts Worth $2.8 Million
Kraken Robotics Inc. is pleased to announce new contracts for batteries, sonar sensors, and support totaling $2.8 million. Read more. …
Marine Institute officially opens Underwater Exploration Lab
Oct. 14, 2020 BY MOIRA BAIRD The Fisheries and Marine Institute (MI) of Memorial University has officially opened its $440,000 Underwater Exploration Laboratory. The Underwater Exploration Laboratory …