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Royal Dutch Shell (RDS.A, RDS.B) and Statoil (STO) are racing to build the world's first subsea...

Royal 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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