Market poses problems, opportunities for offshore industry

05/14/2001
The convergence of strong fundamentals for US oil, natural gas, and electric power markets will boost offshore exploration and development over the next few years, if the industry can find enough people and equipment to do the work, a group of business executives said last month."Our industry is going to be called upon to step up to the line again" by developing new offshore oil and natural gas resources and the infrastructure necessary to bring them to markets, said Thomas A. Fry III, president of the National Ocean Industries Association, Washington, DC, at the International Offshore Industry Outlook Conference in Houston. That conference was cosponsored by NOIA and Texas A&M University...
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