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Offshore industry in hibernation

On 13 and 14 October, LKAB Minerals participated in the 4th Offshore Energy event in Amsterdam. This year’s event had over 600 exhibitors presenting their offering to the industry across 4 Halls.

Even more so than during the Offshore Europe event in Aberdeen, it was very clear that currently the offshore industry is taking its time to rethink their position and activities. And although all Halls in Amsterdam were full with exhibitors, the visitors did not attend in the numbers expected.

LKAB Minerals believes that the market situation in offshore will remain in hibernation as long as the oil and gas prices stay at their current low levels. To wake up this industry, the price of oil and gas must increase to stimulate investments again.

LKAB Minerals will be available when the industry revives with MagnaDense for use as loose ballast or aggregate in the offshore industry, in the meantime we are still serving a buoyant civil engineering and construction plus water treatment industry with our magnetite product range.

We look forward meeting you at the following upcoming exhibitions:

Betonfachtagung Nord – Germany – 28 and 29 October

Betonipäivät – Finland – 29 October

NDA Event – UK – 4 November

Betondag – Netherlands – 19 November

See you soon!