The oil industry has steadily moved deeper and deeper offshore to tap oil reserves in harder to reach places. This trend is a function of depleting reserves of easy oil, but it is only possible ...

LONDON--(BUSINESS WIRE)--The subsea production systems market is poised to grow by USD 1 bn during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. Worried about the impact of ...

Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of ...

ABB recently entered a partnership with international energy company Statoil to develop power solutions for subsea oil and gas production. A key challenge they identify is to develop reliable ...

Brynjulv Klove, Erling Hestad Saga Petroleum AS Sandvika, Norway Subsea production facilities will enable the satellite Tordis field in the Norwegian sector of the North Sea a degree of flexibility ...

SLB SLB, through its OneSubsea joint venture, has been awarded a major engineering, procurement, and construction (EPC) contract by Equinor ASA EQNR for the Fram Sør field development offshore Norway.

LONDON--(BUSINESS WIRE)--The subsea production and processing market is poised to grow by USD 6.73 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. Technavio ...

With production equipment located on the seafloor rather than on a fixed or floating platform, subsea processing provides a less expensive solution for myriad offshore environments. Originally ...

BP PLC, on behalf of the Shah Deniz consortium, has let a $1.5-billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 offshore ...

Schlumberger Limited (NYSE:SLB) disclosed that its OneSubsea joint venture won a contract from TotalEnergies SE (NYSE:TTE) for a Subsea Production System. As per the terms, SLB OneSubsea and ...

Dublin, May 02, 2025 (GLOBE NEWSWIRE) -- The "Subsea Production and Processing System - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" report has been added to ...

Three giants of the oilfield subsea development sector have completed the establishment of a joint venture arrangement to combine their complementary services. The new business, which will adopt the ...