10 February 2026
10 February 2026
Enthused by innovation but dampened by restrictive legislation, industry voices discussed the decarbonisation of hydrogen at DECARBON 2026.
After the deal closes, Transocean shareholders will own around 53% of the new company, with Valaris holders receiving 47%.
Project management and engineering will begin immediately from Subsea7's office in Paris, France.
The company has reported revenue of $5.5bn for Q4 2025, a 10% decrease compared to $6.1bn for the same period of 2024.
The introduction of LNG could save more than NZ$265m ($160.21m) annually by reducing electricity price volatility and existing risk premiums.
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