BP plc BP, a global energy leader, announced that it has entered into a Memorandum of Understanding (MoU) with Subsea Integration Alliance, a collaboration between Subsea7 and OneSubsea. The MoU was ...

Rystad Energy’s latest report offers an optimistic outlook for the global subsea market, projecting capital investments to surpass $42 billion by 2027. This growth is anticipated to be fueled by ...

Subsea 7 specializes in offshore engineering and construction, in which the firm handles the majority of operations in offshore projects, from design to fabrication and installation to maintenance. It ...

HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (KLNG), a US-based company, and SubseaDesign AS, a Norway-based company, have formed a strategic alliance to accelerate ...

CEO Erik Wiik highlighted a significant revenue increase to $6 million in Q4, marking a 14% sequential rise and a 48% year-over-year improvement. Full-year 2024 revenue reached $23 million, a 48% ...

Simon Zettl: The core issue is that there is no fully integrated network that efficiently carries traffic from India toward the United States in an easterly direction. India has around 1.4 billion ...

The large Wisting and Bay Du Nord oil projects in Norway and Canada, respectively, are the primary focus of a new agreement between the projects' operator Equinor and two global subsea contracting ...

A collaborative venture brings renewable wave power, flexible energy storage and energy technology on an electrifying journey to the bottom of the sea. In August 2023, an alliance of technology ...

For many oil and gas contractors, new discoveries in hotspots such as Africa’s Orange basin or Brazil’s pre-salt area represent the most exciting prospects for future work. However, for those in the ...

No-moat-rated Subsea 7 posted solid first-quarter results. Subsea and conventional revenue rose 12% year on year to $1.2 billion, while renewables revenue similarly increased by 12% year on year to ...

Energy engineering firm Saipem SPA is collaborating with shipbuilder Fincantieri SPA in the field of autonomous subsea vehicles and their integration with surface and underwater units. The two ...

NEW YORK, Aug. 27, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global subsea production and processing market size is estimated to grow by USD 5.55 billion from 2024-2028, ...