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Mark Rae
Research and Analysis Associate Director, Upstream Cost and Technology
Mark Rae, research and analysis associate director for the Upstream Costs and Technology team at IHS Markit.

Mr. Rae's primary areas of expertise are the offshore construction vessel markets, including offshore pipelay, diving support, remotely operated vehicle support, well intervention, and heavy lift vessels. Mr Rae tracks market balance, contracting strategies, costs, commercial models, and market dynamics across a wide spectrum of vessel and related upstream markets. He is a frequent presenter at industry events, including Subsea UK, E&P Leaders Summit, Oil and Gas Pipes Conference, Offshore Pipelines Asia, DNV Pipeline Day, Offshore Pipeline Technology Conference, and Offshore Support Journal Conference. In addition to publishing reports on offshore vessels and subsea construction, Mr. Rae regularly undertakes face-to-face and remote market briefings with clients, and carries out bespoke consulting work on those markets and on wider oil and gas activity. Previous consulting topics have included the Norwegian offshore installation market; analysis of heavy lift activities in Central America; a study of contractors operating in Angola; and advising of a major conglomerate on market strategy in the construction vessels market. Prior to joining IHS Markit in 2007 as a reporter covering the field development markets in Europe and West Africa, Mr. Rae worked as an editor in a local newspaper group and spent a year with AMEC. He holds a Bachelor of Arts (Hons) in journalism from Napier University, Edinburgh, United Kingdom. Mr. Rae manages IHS Markit's Aberdeen Upstream Cost and Technology Team.

Industry expertise
Oil & Gas Upstream
Maritime & Trade
Sourcing and Supply Chain
Ships & Shipbuilding
Upstream Companies & Transactions
Upstream Costs & Technologies
Areas of interest
Construction Vessels
Market Analysis & Forecasts
Diving Support
Energy Technologies
Exploration & Production (E&P)
Exploration & Production (E&P) Strategy
Field Development
Fleet Forecast and Analysis
International Oil Companies (IOCs)
Mergers & Acquisitions (M&A)
National Oil Companies (NOCs)
Offshore Accommodation
Offshore Construction
Deepwater Offshore Market
Offshore Pipelay
Offshore Vessels
Oilfield Services
Pre-salt Development
Subsea Construction
Subsea Vessels
Upstream Contracts
Upstream Cost Reduction
Upstream Decommissioning
Upstream Operations
Upstream Supply Chain
Well Intervention
Offshore Heavy Lift
Regional focus
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