FTI

Oceaneering International has secured multiple contracts in the UK North Sea region for decommissioning, inspection, subsea infrastructure preparation, and installation support services. The contracts will be executed by Oceaneering's UK North Sea hub in Aberdeen, Scotland, using the company's Islan...

Schlumberger has introduced a well integrity assessment solution to help advance carbon capture and storage projects. The new solution aims to quantify the risks associated with wells at prospective carbon storage sites, enabling developers to evaluate the long-term viability of such projects.

Equinor, a Norwegian energy company, has canceled its offshore wind projects in Spain, Portugal, and Vietnam due to rising costs from inflation, high interest rates, and supply chain delays. The company remains committed to its renewable energy goals but will adopt a more cautious approach to new in...

The global subsea thermal insulation materials market is expected to grow from $308.9 million in 2023 to $452.9 million by 2033, driven by increased offshore exploration and production activities. Polyurethane and pipe-in-pipe applications are expected to dominate the market.