April 2013, Vol. 240 No. 4

Features

U.S. Gulf of Mexico: Transitioning Into A Bright Future

The worldwide financial crisis and subsequent recession, shale gas implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the U.S. Gulf of Mexico. Despite those obstacles, Quest Offshore’s latest market report, Quest Deepwater Review: Gulf of Mexico, predicts a bright future for the GOM with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction. The report’s findings also show: Overall spending in the region is expected to increase significantly starting in 2013, up nearly 30% to $40 billion. Total expenditures are

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