Subsea Capex to Surge: Which Companies Will Gain the Most?
TechnipFMC(FTI) ZACKS·2024-08-21 21:31
Rystad Energy's latest report offers an optimistic outlook for the global subsea market, projecting capital investments to surpass $42 billion by 2027. This growth is anticipated to be fueled by increasing operator spending on subsea equipment and installation services, with a compound annual growth rate ('CAGR') of 10% expected from 2024 to 2027. The energy consulting firm's figures highlight the expanding importance of the subsea sector, especially for companies focused on deepwater and ultra-deepwater op ...