Offshore

Analysts: Not enough offshore vessels to serve record number of projects

2024 could be the biggest investment year ever for the North Sea oil and gas market, but shipping companies do not have enough service vessels to handle the demand, says Intermodal.
US-based Tidewater operates the largest fleet of offshore vessels in the North Sea after acquiring Solstad Offshore's fleet. | Photo: Pr/tidewater
US-based Tidewater operates the largest fleet of offshore vessels in the North Sea after acquiring Solstad Offshore's fleet. | Photo: Pr/tidewater
by DANIEL LOGAN BERG-MUNCH

While 14 oil and gas projects could be underway in the UK North Sea by 2024, several major Norwegian projects are also getting approvals in place on the Norwegian Continental Shelf.

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