Prioritize APAC SURF and Pipelay Capacity Against New Project Demand

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

The company will continue to work closely with Government, industry, Indigenous stakeholders, unions and local communities as the proposal advances through approvals processes and key project milestones,” the Australian energy firm reported

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

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

The global SURF services market is perceived to already be highly concentrated, with Saipem and Subsea7 being two of the three market leaders with very few credible alternatives. Focus on potential risks for competition, prices, and innovation The European Commission’s preliminary investigation indicates that the transaction may significantly reduce competition on the already highly concentrated SURF services market for oil and gas and CCS projects

The upgraded DJF lays the foundation for a more automated, data-driven and future-ready pipelay process, while extensive renewal work throughout the vessel strengthens reliability, efficiency and performance for the years ahead,” Allseas reported. Following sea trials, Solitaire will return to commercial operations in the Gulf of Mexico on an ultra-deepwater pipeline project, before starting a two-year global campaign in West Africa, Taiwan and Australia, delivering more than 1,250 kilometers of pipeline

Source: Allseas via LinkedIn It was announced last year that the 397-meter-long vessel, operational since 1998, was to undergo major modernization, with upgrades to pipe handling, tracking, processing, welding, inspection systems, and structural elements. Allseas reported today, July 24, that the extensive renewal and upgrade program performed in Rotterdam was entering its final phase, with the work having touched almost every major system, modernizing propulsion, power generation, automation and hybrid power c

The programme represents a strategic reinvestment in a vessel that has helped define offshore pipelay for nearly three decades. The upgraded DJF lays the foundation for a more automated, data-driven and future-ready pipelay process, while extensive renewal work throughout the vessel strengthens reliability, efficiency and performance for the years ahead,” Allseas reported