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Royal Dutch Shell (RDS.A, RDS.B) and Statoil (STO) are racing to build the world's first subsea...
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Monday, January 7, 6:45 PM ETRoyal Dutch Shell (RDS.A, RDS.B) and Statoil (STO) are racing to build the world's first subsea gas compression unit, a key building block in a drive to make platform-free offshore production a reality within a decade. If the technology succeeds, Arctic developments could be the main beneficiaries and could mitigate some of the concern over drilling in harsh environments.
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