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Global energy investment down 8% in 2015

In a first-ever detailed analysis of investment across the global energy industry, the International Energy Agency (IEA) said that global energy investment fell by 8.0 percent in 2015, with drops in oil and gas upstream spending outweighing continued robust investment in renewable energy, electricity networks and energy efficiency.

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Local content is not a sprint, it is a marathon- Wabote

We are working to make sure that the turnaround time is drastically reduced on those items that are within our control. We are working collaboratively with other agencies to understand where the challenges are. On the other hand, we also challenge the project promoters and operators to put their house in order because we have also seen that the bulk of the delay is on their part.

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Maritime safety market size to hit $23.67 by 2021

The maritime safety market size is estimated to grow from USD 16.71 billion in 2016 to USD 23.67 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 7.2%. The maritime safety market is driven by factors such as increasing maritime awareness, rising number of incidents pertaining to piracy & terrorism, and compliance to regulatory standards & guidelines.

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