The fast-growing UK subsea sector, which supports 60,000 jobs, is in for two years of tough times and will only weather the storm if it embraces innovation and new technology, says industry body Subsea UK.
On the opening day of Subsea Expo, Europe’s largest subsea event, the chief executive of Subsea UK told delegates that the industry is facing considerable challenges, but the fundamentals in subsea remain relatively strong and the sector could see a significant improvement in 2017 – 2019. Neil Gordon, chief executive, commented: “The swingeing cap-ex cuts…
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