Business news - 11 January 2024

Global oil demand is due to rise by almost 2 million bpd in 2024, with China accounting for over 25% of that increase according to a report by Wood Mackenzie.

CRC Evans has signed an agreement for the sale of its Quantive Group inspection business, for an undisclosed sum, with completion expected to formally take place in early 2024.

The £1 million investment in developing its largest subsea Chopsaw to date has paid off for Decom Engineering following impressive results on its first deployment.

FOSA announces the runner-up and winner of its annual FOSA Project Awards – SAMM Teknoloji, and a collaboration between Dura-Line and LUNA.