Subsea UK invests in market intelligence

Neil Gordon, Subsea UK chief executive

SUBSEA UK has invested in its market intelligence service for subsea companies so members can access all the global opportunities when the economy starts to recover from Covid-19 pandemic.

SubseaIntel is an online database which provides regularly updated details on almost 1,400 subsea and 130 renewable projects worldwide.

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The tool has been substantially upgraded to help streamline and improve subsea intelligence-gathering and is being re-launched this week.

It allows users to delve deeper into current projects across the globe and discover upcoming opportunities using intensively researched data.

Subsea UK, which represents the UK’s £7.8 billion subsea sector, developed SubseaIntel in 2015.

Neil Gordon, Subsea UK chief executive, said: “The number of companies using the service has increased year on year, underlining the value of comprehensive, up-to-date information in an accessible, user-friendly format to members.

“The current global situation and low oil price have resulted in projects being deferred or cancelled. However, the supply chain needs access to dynamic market intelligence to monitor the changes and identify opportunities whilst we are coping with the impact of coronavirus crisis and SubseaIntel is now revamped and ready for them to use in planning, forecasting and assist with business development strategies.”

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