LONDON, Aug. 27, 2019 /PRNewswire/ -- Analysis by Product (Oil, Gas and Refined Products), by Line Type (Export Line and Transport Line), by Diameter (Below 24 and Greater Than 24), Company and Country Analysis and Forecasts
• Offshore Pipelines also known as submarine pipeline is mainly a pipeline on the seabed level which is drilling underneath the seabed. These methods are basically used to extract natural resources like oil and gas or other refined products from the earth.
• However Offshore drilling can be difficult as compared to Onshore drilling which is making wells on the land, but now the offshore drilling has become easier as innovative methods are introduced in the market.
Market Overview and Trends
• In December 2018, BHGE and McDermott emerged for the Equus Gas Project in Australia as development partners. This collaboration will provide an integrated solution to develop the entire field covering, subsea, drilling, production facilities, export pipeline, and an LNG facility.
• In December 2018, Subsea 7 Integration Alliance was awarded a sizeable flowlines contract for the Manuel project in the US Gulf of Mexico for well development by BP.