FTI reported a record $2.5 billion in quarterly Subsea revenues, with a higher mix of iEPCI orders. Management's update on services and business model enhancements provides investors with additional ...

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

TechnipFMC plc FTI, a leading supplier of products, services and fully integrated technology solutions in the energy industry,has secured an integrated engineering, procurement, construction, and ...

Subsea 7’s fair value estimate has been revised to NOK 228.39, while the Street target has been adjusted to NOK 208, leaving a modest gap that both bullish and cautious voices are now debating.

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 ...

ONGC is aiming to draw lessons from the ongoing Cluster-2 development on India's east coast, where well completion issues and delays in setting up the offshore infrastructure have impacted production ...

The irregular seabed in the area of the Ormen Lange field, the steep slide, and difficult areas along the coastline pose extreme challenges to pipeline design. Environmental conditions are also ...

Equinor ASA EQNR, a Norwegian integrated energy company, along with partners Vår Energi and Petoro, has earmarked an investment of approximately $395 million, equivalent to NOK 4 billion, toward the ...

Subsea7 SUBCY has been awarded a contract for the development of the Previously Produced Fields (“PPF”) offshore Norway by ConocoPhillips COP. Per the terms of the contract, Subsea7 will carry out ...

Equinor ASA has issued a letter of award (LOA) to Aker Solutions ASA to supply the subsea production system and control umbilical for Eirin field development in the Norwegian North Sea. Development ...

Subsea engineering is the discipline that conceives, designs, installs, and operates the subsea production system (SPS) and subsea umbilicals, risers, and flowlines (SURF) that connect wells to ...