Adjust Drilling Sourcing for Offshore SURF Concentration Risk

According to Woodside Energy, State Significant Project status represents the highest level of prioritization available under the Western Australian Government’s Lead Agency Framework, which is designed to guide proponents through the approvals process. It will support coordinated engagement as the project progresses towards key approvals and development milestones

Home Fossil Energy Australia’s ‘largest untapped’ conventional gas resource gets significant project status July 27, 2026, by The Western Australian Government has granted State Significant Project status to a Woodside Energy-operated offshore development project, described as Australia’s largest untapped conventional gas resource. Browse to North-West Shelf project development concept; Source: Woodside With a forecast production capacity of 11

A carbon capture and storage (CCS) solution has been incorporated into the project design and is expected to enable a reduction of 53 million tons (mt) CO2e of greenhouse gas (GHG) emissions as compared to the project’s 2019 Scope 1 emissions estimate. According to Woodside Energy, State Significant Project status represents the highest level of prioritization available under the Western Australian Government’s Lead Agency Framework, which is designed to guide proponents through the approvals process

Saipem’s scope of work includes the engineering, fabrication, transportation and installation of approximately 50 kilometers of rigid pipelines and associated subsea structures

Saipem has also been awarded a contract by Eni for the engineering, procurement and construction (EPC) of a new deoxygenation unit at Enilive’s biorefinery in Venice, Italy. The two new contracts have a total value of approximately €800 million

Saipem’s scope of work includes the engineering, fabrication, transportation and installation of approximately 50 kilometers of rigid pipelines and associated subsea structures. The activities also include the transportation and installation of flexible risers, flexible jumpers, subsea production systems (SPS) and a three-kilometer-long flexible gas export flowline, as well as 22 kilometers of subsea umbilical

Home Fossil Energy Saipem-Subsea7 merger under the microscope as EU flags competition concerns July 24, 2026, by A proposed merger between Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 is facing deeper scrutiny in the European Union (EU) over offshore market concentration due to subsea umbilicals, risers, and flowlines (SURF) and carbon capture and storage (CCS) market dominance, potentially threatening to undermine competition, raise costs, and curtai

This probe follows the European Commission’s preliminary findings that the merger would be largely complementary in some areas, including offshore wind projects and so-called conventional offshore projects; however, it appears that the business combination would further consolidate the SURF services market at this stage. As the subsea infrastructure that connects offshore wells, often located thousands of meters below sea level, to production facilities above the surface, SURF comprises different types of pipe

Illustration; Source: Saipem The European Commission has opened an in-depth investigation under the EU Merger Regulation to assess the proposed merger between Saipem and Subsea7, which aims to give birth to Saipem7 as a combined company, over concerns that the proposed concentration may significantly impact effective competition in some offshore engineering and construction service markets. This probe follows the European Commission’s preliminary findings that the merger would be largely complementary in some