The present disclosure is directed to embodiments of composite tubing having properties tailored to meet a wide variety of environmental and working conditions. Composite tubes disclosed herein may include one or more of the following layers: a internal liner, a composite layer, a thermal insulation layer, a crush resistant layer, a permeation barrier, buoyancy control layer, a pressure barrier layer, and a wear resistant layer. Grooves may be provided in one or more layers of the composite tube to provide increased axial permeability to the composite tube. A venting system, including vent paths, may be provided in the composite tube to vent fluid that may become trapped within the wall of the composite tube.