By Matthew Hale, Rystad Energy
As suppliers to the energy industry enter a new year, offshore operators are poised to increase capital expenditures (capex) to over $300 billion, marking a new high for offshore oil and gas and power markets. After investment growth slowed from 20% in 2023 to 12% in 2024, Rystad Energy projects further moderation to 11% in 2025.
However, this remains below the record set in 2014, when offshore upstream capex reached an all-time high and offshore wind expenditures contributed less than 3% of the total. In…
