PIPELINE & PIPE SERVICES
Transcript of PIPELINE & PIPE SERVICES
PIPELINE & PIPE SERVICES
MARKET DRIVERS
ENERGY TRANSITION FROM COAL TO GAS LARGE PIPELINES FEEDING LNG
LOWER COST OFFSHORE DEVELOPMENT SUBSEA TIEBACKS AND GREENFIELD DEVELOPMENTS
GROWING EPCI DEVELOPMENT MODEL PARTNERSHIPS WITH EPC CONTRACTORS
CHALLENGING DEEP WATER FIELDS REQUIRES TECHNOLOGY
AGING INFRASTRUCTURE REHABILITATION PRODUCTS
NEW O&G SUPPLY SOURCES REALIGNMENT OF CAPACITY TO MARKET STRATEGY
PIPELINE PERFORMANCE
PIPELINE & PIPE SERVICES
INDICATORS TO WATCH
MARKET OPPORTUNITIES
ASSET LIFECYCLE
MANAGEMENT
DYNAMIC GLOBAL SUPPLY
AND DEMAND
GROWTH IN LNG SUPPLY CHAIN
COLLABORATIVE SUBSEA TECHNOLOGY
DEVELOPMENT
DOMESTIC ENERGY PROGRAMS &
CONSUMPTION
FID PROJECT SANCTIONS
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OR
WEP
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SUBSEA EQUIPMENT CAPEXE&P OFFSHORE CAPEX
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ergy
, Oct
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SURF CAPEX
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arch
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PIPELINE & PIPE SERVICES
PIPELINE PERFORMANCE
PRODUCT/SERVICE OFFERING
FLOW ASSURANCE PROTECTIVE & WEIGHT COATINGS
FIELD JOINT COATINGS
PROTECTION & PRESERVATION PRODUCTS
ENHANCED LOGISTIC SOLUTIONS
DIFFERENTIATION
DIGITAL CAPABILITIES
CUSTOMER RELATIONSHIPS
GLOBAL FOOTPRINT
TECHNOLOGY & INNOVATION
PROVEN TRACK RECORD
MAIN COMPETITORS
PROJECTS
PRODUCTS
KEY CUSTOMERS
EPCs
PIPE MILLS
OPERATORS
MARKET DRIVERS
AGING INFRASTRUCTURE PIPELINE REHABILITATION
REGULATORY ENVIRONMENT INTEGRITY SERVICES
US PIPELINE CAPACITY CONSTRAINTS PIPELINE CONSTRUCTION PROJECTS
US LAND – SHALE INFRASTRUCTURE BUILDOUT
UK DEFENSE & INDUSTRIAL SPENDING EXPANSION BEYOND OIL & GAS
MARKET OPPORTUNITIES
NDT TECHNOLOGY ADVANCEMENT
BUILD A BRAND IN PIPELINE INTEGRITY
EXPANSION BEYOND OIL & GAS
PIPELINE REHABILITATION
INTEGRITY MANAGEMENT
PIPELINE & PIPE SERVICES
INDICATORS TO WATCH
GLOBAL PIPELINE CAPEX SPENDFID PROJECT SANCTIONS
SURF CAPEX
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d, M
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19So
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DR
WEP
LNG US EXPORT
US
$ B
TOP REGIONS 2017-19 2020-22
North America 45.0% 31.9%
Fmr. USSR 16.6% 13.4%
Middle East 9.5% 17.6%
Asia 14.5% 16.1%
PIPELINE & PIPE SERVICES
PRODUCT/SERVICE OFFERING
CUSTOMIZED SYSTEMS
ADVANCED NDT SERVICES
(AUT & RTR)
COMPUTED RADIOGRAPHY
CONVENTIONAL NDT SERVICES
iLINE – WELD ADVISOR
INTEGRITY MANAGEMENT
DIFFERENTIATION
DIGITAL SOLUTIONS
CUSTOMER RELATIONSHIPS
TECHNOLOGY& INNOVATION
INDUSTRY EXPERTS
SERVICE EXCELLENCE
KEY CUSTOMERS
CONTRACTORS
OWNER/OPERATORS
MAIN COMPETITORS
MARKET DRIVERS
AGING WORKFORCE EMBEDDED EMPLOYEES
AGING INFRASTRUCTURE REHABILITATION AND REPLACEMENT
REGULATORY REQUIREMENTS COMPLIANCE SERVICES
STRICTER EMISSION STANDARDS DESIGN SERVICES
MANAGEMENT & ENGINEERING SERVICES
PIPELINE & PIPE SERVICES
MARKET OPPORTUNITIES
NON-PIPELINE INFRASTRUCTURE
CLEAN ENERGY
NEW INFRASTRUCTURE
ASSET OWNERSHIP PROGRAMS
INTEGRITY SERVICES
INDICATORS TO WATCH
SKILLED WORKERS
ONSHORE PIPELINE AND CAPEX
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017
NEW PIPELINES (2019-2023)
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loba
l Dat
a, 2
020
AGING INFRASTRUCTURE
U.S. Water PipelinesOil & Gas Pipelines
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ellin
g, E
PASo
urce
: Tal
ent
Shor
tage
Sur
vey
PIPELINE & PIPE SERVICES
SERVICE OFFERING
CATHODIC PROTECTION
ASSET INTEGRITY MANAGEMENT
ENGINEERING SERVICES
INSPECTION SERVICES
EMBEDDED TECHNICAL EXPERTISE
MANAGEMENT & ENGINEERING SERVICES
MAIN COMPETITORS
KEY CUSTOMERS
DIFFERENTIATION
DIGITAL CAPABILITIES
CUSTOMER RELATIONSHIPS
TECHNICAL EXPERTISE
PROJECT MANAGEMENT
PROVEN TRACK RECORD
COMPOSITE SYSTEMS
ADOPTION OF COMPOSITE TECHNOLOGIES CONVERSION OF CONCRETE/STEEL
AGING PIPE AND TANK INFRASTRUCTURE ASSET REPLACEMENT AND REFURBISHMENT
INCREASING OIL & GAS PRODUCTION COMPLEXITY EXPANDING THE OPERATING ENVELOPE
NA ECONOMIC AND CONSTRUCTION ACTIVITY GROWTH IN WATER/FUEL MARKETS FOR TANKS
GLOBAL ENVIRONMENTAL REGULATIONS & ESG FOCUS DEMAND FOR CORROSION-FREE SOLUTIONS
MARKET DRIVERS
COMPOSITE SYSTEMS
COMPOSITE PIPES & TANKS
MARKET OPPORTUNITIES
LARGER DIAMETER PIPE
PLATFORM
INTERNATIONAL EXPANSION
STORMWATER & WASTEWATER
TREATMENT
MIDSTREAM OIL & GAS
SOLUTIONS
ASSET REPLACEMENT & REFURBISHMENT
INDICATORS TO WATCH
CONSTRUCTION ACTIVITY
AGING INFRASTRUCTURE
OIL & GAS DRILLING ACTIVITY
Spea
rs &
Ass
ocia
tes,
Dec
embe
r 201
9
Uni
ted
Stat
es C
ensu
s Bu
reau
, Sep
t 201
9 Pr
ojec
tions
USD
, Bill
ions
ASTS
WM
O, O
ctob
er 2
015
Underground Storage Tank Population by Age
US Residential and Non-Residential Construction
COMPOSITE ADOPTION
Oil & Gas 2” - 8” Pipeline Market
Shaw
cor E
stim
ates
1,600
1,400
1,200
1,000
800
600
400
200
0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Wel
l Com
plet
ions
Global Well Count Projections
70,000
60,000
50,000
40,000
30,000
20,000
10,000
- 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
- 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020F
10%15% 17% 17% 17%
19% 22%24% 26%
28% 30%
Composites Steel
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
< 10 Years 10 - 19 Years 20 - 29 Years 30 - 39 Years 40 - 49 Years 50 - 59 Years
28% 40% 15%12% 4%
1%
COMPOSITE PIPES & TANKS
PRODUCT & SERVICE OFFERING
COMPOSITE TANKS
COMPOSITE PIPE INSTALLATION & INTEGRITY SERVICES
POLYETHYLENE PIPE
DIGITAL ENABLEMENT
COMPOSITE SYSTEMS
MAIN COMPETITORS
DIFFERENTIATION
TECHNOLOGY & INNOVATION
DIGITAL CAPABILITIES
APPLICATIONS ENGINEERING
STRONG VALUE PROPOSITION
CUSTOMER RELATIONSHIPS
KEY CUSTOMERS
MARKET DRIVERS
MARKET ACCESS (PIPELINE CAPACITY/LNG TERMINALS) INCREASED DRILLING/COMPLETIONS
INCREASED/ENHANCED RECOVERY TECHNIQUES PRODUCT DIVERSIFICATION
WELL ABANDONMENT PROGRAMS OCTG PIPE REFURBISHMENT
CUSTOMER INVESTMENT IN DIFFERENTIATED TECHNOLOGY ASSET MANAGEMENT
COMMODITY PRICES FOCUSED APPROACH TO GEOMARKETS
PRODUCTION CURTAILMENTS IN-HOUSE CLEANING CAPABILITIES
MARKET OPPORTUNITIES
ASSET TRACKING & TRACEABILITY
OCTG PIPE REFURBISHMENT
GEOGRAPHIC FOCUS
INCREASED DRILLING/COMPLETIONS
OILFIELD ASSET MANAGEMENT
COMPOSITE SYSTEMS
INDICATORS TO WATCH
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ACTIVE INJECTION WELL COUNT
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ech
NEW DRILLED WELL COUNT
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AO
DC
CANADA AVERAGE RIG COUNT
PRODUCT/SERVICE OFFERING
COMPOSITE LINED TUBING
SUCKER ROD INSPECTION &
REPAIR
TUBULAR INSPECTION &
REPAIR
PROPRIETARY THREADING / MACHINING
ASSET MANAGEMENT
DIGITAL SERVICES
COMPOSITE SYSTEMS
OILFIELD ASSET MANAGEMENT
KEY CUSTOMERS
MAIN COMPETITORS
DIFFERENTIATION
TECHNOLOGY & INNOVATION
CUSTOMER RELATIONSHIPS
DIGITAL CAPABILITIES
REGIONAL FOOTPRINT
PRODUCT PORTFOLIO
AUTOMOTIVE & INDUSTRIAL
MARKET DRIVERS
NON-RESIDENTIAL INDUSTRIAL CONSTRUCTION BROAD CATALOGUE
AGING INFRASTRUCTURE SUBSTATION CONTROL CABLES
NA INFRASTRUCTURE PROJECTS TRANSIT AND SPECIALTY CONTROL CABLES
CANDU NUCLEAR REFURBISHMENT PLANS ENGINEERED TO ORDER CUSTOMIZED CABLES
RENEWABLE ENERGY POWER CABLES
REGULATORY ENVIRONMENT LOW SMOKE ZERO HALOGEN TECHNOLOGY
MARKET OPPORTUNITIES
NA ELECTRICAL INFRASTRUCTURE
NUCLEAR ENERGY SOLUTIONS
FIRE SAFETY APPLICATIONS
CUSTOM CABLE ENGINEERING
AUTOMOTIVE & INDUSTRIAL
SHAWFLEX
INDICATORS TO WATCH
CANADIAN INDUSTRIAL PERMITS US ELECTRICAL UTILITY TRANSMISSION & DISTRIBUTION CAPEX
LEVELIZED COST OF ELECTRICITY CANADA’S TOP 100 INFRASTRUCTURE PROJECTS
→ Western Canada: $10.7BSite C Clean Energy Hydroelectric Project
→ Ontario: $25.8BBruce Power and Darlington CANDU Refurbishments
→ Quebec: $6.3BRéseau électrique métropolitain Transit expansion
→ Eastern Canada: $12.7BMuskrat Falls Hydroelectric Project
KEY PROJECTS
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tats
Can
ada
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nter
nati
onal
Ene
rgy
Age
ncy
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&P
Glo
bal M
arke
t In
telli
genc
eSo
urce
: ReN
ew C
anad
a
Value$13,000,000,000
$340,000,000
PRODUCT/SERVICE OFFERING
INSTRUMENTATION CABLE
CONTROL CABLE POWER CABLE CUSTOM ENGINEERED WIRE AND CABLE
SHAWFLEX
AUTOMOTIVE & INDUSTRIAL
KEY CUSTOMERS
MAIN COMPETITORS
DIFFERENTIATION
CUSTOMER RELATIONSHIPS
INDUSTRY EXPERTISE
SERVICE EXCELLENCE
TECHNOLOGY & INNOVATION
TRACK RECORD
MARKET DRIVERS
GLOBAL AUTOMOTIVE PRODUCTION GLOBAL SUPPLY CHAIN
ELECTRONIC CONTENT GROWTH CUSTOMIZED PRODUCT SOLUTIONS
ELECTRIC VEHICLE ADOPTION RATE NEW PLATFORMS AND PROGRAMS
AEROSPACE AND DEFENSE INVESTMENTS INDUSTRIAL DIVERSIFICATION
CLEAN & SMART ENERGY PROJECTS INVESTMENT IN ELECTRICAL INFRASTRUCTURE
MARKET OPPORTUNITIES
ELECTRICAL INFRASTRUCTURE
ELECTRIC VEHICLES
AUTOMOTIVE ELECTRONIC
CONTENT GROWTH
INDUSTRIAL DIVERSIFICATION
AUTOMOTIVE & INDUSTRIAL
DSG-CANUSA
INDICATORS TO WATCH
GLOBAL DEFENSE SPENDING
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Def
ense
Spe
ndin
g U
S$B
Europe ChinaNorth America
0
100
200
300
400
500
600
700
800
900
LIGHT VEHICLE PRODUCTION BY REGION
2020 2025
5
10
15
20
25
30
35
Pure ICE
Vehi
cle
Prod
ucti
on, M
ChinaAmericas EMAR2020 2025 2020 2025 2020 2025
Full + Mild Hybrid BEVs PHEVs
-
US ELECTRICAL UTILITY TRANSMISSION & DISTRIBUTION CAPEX
2013 2014 2015 2016 2017 2018 2019 20200
10
20
30
40
50
60
C$
Bill
ions
70
LIGHT VEHICLE PRODUCTION BY POWERTRAIN
2016 2017 2018 2019 2020 2021 2022 2023 2024 20250
20
40
60
80
100
120
Vehi
cle
Prod
ucti
on, M
PURE ICE BEVs PHEVsHYBRID
(LM
C-A
uto
2019
)
(LM
C-A
uto
2019
)
(S&
P G
loba
l Int
ellig
ence
)
(SIP
RI M
ilita
ry E
xpen
ditu
re 2
018
)
PRODUCT/SERVICE OFFERING
HEAT SHRINK TECHNOLOGY
COLD SHRINK TECHNOLOGY
APPLICATION EQUIPMENT
AFTERMARKET SALES & SERVICE
DSG-CANUSA
MAIN COMPETITORS
DIFFERENTIATION
INNOVATIVE TECHNOLOGY
INTEGRATED SYSTEMS
CUSTOMER BASE
APPLICATION ENGINEERING
EXPERTISE
GLOBAL FOOTPRINT
AUTOMOTIVE & INDUSTRIAL
KEY CUSTOMERS