Any effect of an industry downturn was certainly not felt at the latest Offshore Northern Sea (ONS) conference this year in Stavanger, Norway. The four-day event attracted the second largest attendance ever at the conference, almost 66,000 industry experts. Amongst the dozens of keynote speakers taking to the stage was Wood Mackenzie’s Principal Analyst, Malcolm Dickson.
Malcolm used the speaking slot to reveal his statistical findings around his research on the Norwegian Continental Shelf (NCS), including how oil prices had damaged investment in the region and how supply and demand for exploration projects had changed. However, in his presentation, Malcolm also pointed towards the positive collaborative work being done to ‘optimise’ and reduce costs in order to get the industry moving again.