Subsea System Market Size is projected to reach USD 19.92 billion by 2031, growing at a CAGR of 5.6%: Straits Research [Yahoo! Finance]
SUBSEA 7 S.A. S/ADR (SUBCY)
NASDAQ:AMEX Investor Relations:
subsea7.com/en/investor-relations.html
Company Research
Source: Yahoo! Finance
New York, United States, March 14, 2024 (GLOBE NEWSWIRE) -- Subsea systems are crucial in the production and development of offshore energy, especially in the oil and gas industry. These systems are designed for underwater environments, including shallow, deep, and ultra-deep waters. Subsea systems are a vast category of equipment, technology, and infrastructure used to discover, produce, and preserve hydrocarbon resources beneath the ocean's surface. Growing deepwater drilling activities and investment in emerging economies' oil and gas industries are key market expansion drivers. Slowing global oil prices is a major impediment to market expansion. The deregulation of Mexico's oil and gas industry opens significant growth opportunities for the subsea systems market. Furthermore, expanding E&P capital expenditures in China, Nigeria, India, Angola, Ghana, and Equatorial Guinea provide oil companies with significant market growth opportunities. Environmental and safety regulations ar
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