Subsea 7 said Oct. 3 it has acquired 4Subsea, a leading provider of technology and services that delivers key decision support to oil and gas and offshore wind operators worldwide.
4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. 4Subsea’s Peter Jenkins will continue in his role as CEO of the company.
4Subsea will support Subsea 7 in delivering advanced digital solutions to customers within Life of Field and field development contracts and be a key contributor to the ongoing digital transformation of Subsea 7 business delivery.
“We regard the acquisition of 4Subsea as an important opportunity for Subsea 7 to expand its digital capability and offering. 4Subsea digital insights will create value for Subsea 7 in both our services provided to customers, and to improve efficiency within our own operations and delivery,” Stuart Fitzgerald, executive vice president—Alliances and Strategy, Subsea 7, said.
An early priority project will be a joint effort between Subsea 7 and 4Subsea towards monitoring of key operational data on Subsea 7 vessels, contributing to the digitalization of its marine operations. With the use of advanced algorithms and artificial intelligence, 4Subsea will deliver key insights and decision support with digital twins, in order to optimize these activities.
Recommended Reading
Industry Warns Ruling Could Disrupt GoM Oil, Gas Production
2024-09-12 - The energy industry slammed a reversal on a 2020 biological opinion that may potentially put an indefinite stop to oil and gas operations in the Gulf of Mexico—by December.
Mexico Pacific Signs Long-term SPA with Korea’s POSCO International
2024-08-29 - Mexico Pacific and Korea’s POSCO International Corp. signed a 20-year sales and purchase agreement for the Asian company to acquire 0.7 mtpa of LNG from the proposed the Saguaro Energía LNG facility on Mexico’s Pacific Coast.
Bracewell: How Trump and Harris Differ (or Don’t) on Energy Policy
2024-10-16 - Presidential impact on energy prices is largely about perception, although LNG permitting, production incentives and the Inflation Reduction Act will be influenced depending on who is in the White House.
Construction on Kinder Morgan’s Tennessee Pipeline Delayed by Stay
2024-10-15 - An appeals court panel put two permits on hold for Kinder Morgan’s pipeline to consider the project’s implications on the Clean Water Act.
Significant ROI for Energy Lobbyists Willing to Invest in Capitol Expenditures
2024-11-01 - Influencing policy in Washington requires substantial investment in campaign donations and lobbying. But the ROI is substantial, as well.