Category: Other

In the oil and gas industry, subsea deals with all the processes and technologies that are deployed below the sea surface. It primarily concerns the installation of equipment on the seabed to produce hydrocarbons. High capital costs are a major deterrent for deep water oil and gas projects. Exploration and production (E&P) in deep water areas slowed down in 2020 following the COVID-induced drop in energy demand. https://www.globaldata.com/store/report/subsea-theme-analysis/