Monday, June 1, 2020
Maritime News

Subsea 7 to Slash Global Workforce by 25%

Subsea 7 has released details of its cost reduction program which it alluded to in its first quarter earnings report released April 30. As previously indicated, these cost reduction measures...

June 1, 2020
Total Views: 17

Friday, November 15, 2019
saipem 12000
Maritime News

Italy’s Saipem to Consider Combining With Rival Subsea 7

By Ed Hammond, Daniele Lepido and Dinesh Nair (Bloomberg) –Saipem SpA is considering a combination with rival Subsea 7 SA in what could rank as one of the European oil...

November 15, 2019
Total Views: 9

Wednesday, November 21, 2018
offshore rig
Maritime News

Equatorial Guinea Bans Subsea 7, Source Says

By Paul Burkhardt (Bloomberg) — Equatorial Guinea has banned oil-services company Subsea 7 SA from operating in the central African nation over local content rules, according to a person familiar...

November 21, 2018
Total Views: 1

Wednesday, May 9, 2018
seven viking
News

Subsea 7’s ‘Seven Viking’ Awarded New 5-Year Contract with Statoil

Norwegian energy giant Statoil is awarding Subsea 7 Norway AS a five-year contract for IMR services to be carried out by the Seven Viking vessel for subsea operations on the...

May 9, 2018
Total Views: 35

Thursday, May 3, 2018
Maritime News

McDermott Shareholders Approve CB&I Merger, Killing Hostile Takeover Bid By Subsea 7

Shareholders in offshore oil services firm McDermott have approved a proposed merger with engineering firm Chicago Bridge and Iron (CB&I), effectively killing a hostile takeover by Norwegian rival Subsea 7...

May 3, 2018
Total Views: 4

Monday, April 23, 2018
Maritime News

Subsea 7 Makes $2 Billion Hostile Bid to Break Up McDermott’s U.S. Deal

By Nerijus Adomaitis OSLO, April 23 (Reuters) – Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the...

April 23, 2018
Total Views: 21

Thursday, March 1, 2018
siem offshore contractors vessels
News

Subsea 7 to Acquire Siem Offshore Contractors and Two Vessels

Luxembourg-based marine engineering contractor Subsea 7 S.A. has signed an agreement to acquire Siem Offshore Contractors and two vessels, expanding Subsea 7’s presence in the renewable energy segment. The acquisition,...

March 1, 2018
Total Views: 13

Sunday, August 7, 2016
Offshore News

ROV Industry Dives With Deep Offshore Spending Cuts

by Matthew Braga (Bloomberg) Until recently, oil and gas kept robots moving in more ways than one. Fossil fuel companies looking to speed up exploration, drilling, construction, and maintenance work...

August 7, 2016
Total Views: 3

Wednesday, June 22, 2016
Maritime News

Subsea 7 to Cut 1,200 More Jobs

Offshore engineering and construction contractor Subsea 7 has announced a second phase of global downsizing that will include the elimination of about 1,200 more jobs by early next year. Subsea...

June 22, 2016
Total Views: 2

Saturday, January 16, 2016
Maritime News

WATCH: Royal IHC Launches New ‘Seven Cruzeiro’ Pipelay Vessel

Royal IHC has launched the 550-ton top tension capacity pipelay vessel, Seven Cruzeiro, at its shipyard in Krimpen aan den IJssel, Netherlands. This is the final pipelaying vessel in a...

January 16, 2016
Total Views: 4

Tuesday, September 1, 2015
News

Subsea 7 Lands $150 Million Culzean Field Contract from Maersk Oil

  Offshore contractor Subsea 7 says it has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field...

September 1, 2015
Total Views: 5

Tuesday, May 12, 2015
News

Subsea 7 Announces Major Cuts to Global Workforce, Fleet

Subsea 7 says that the cuts will reduce its global workforce by approximately 2,500 jobs by early 2016, down from the 13,000 worldwide employees reported at the end of 2014.

May 12, 2015
Total Views: 4

Monday, April 13, 2015
subsea 7 seven seas
News

Subsea 7 Signs $200 Million Contract with Petrobras

Subsea 7 announced today the winning of a 2-year, USD $200 million subsea installation contract with Petrobras which will utilize the company’s construction and flex-lay vessel, Seven Seas.  This contract...

April 13, 2015
Total Views: 22

Wednesday, July 2, 2014
havila subsea vessel
News

Subsea 7 Extends Charter for Havila Subsea

Subsea 7 announced today they have exercised a contractual option to extend its existing charter of the 98-meter offshore construction vessel, Havila Subsea for a further one year period to end...

July 2, 2014
Total Views: 5

Thursday, May 1, 2014
STX OSCV 03 siem offshore
News

Subsea 7 Wins More Work from BP in the Gulf of Mexico

Subsea 7 announced today the winning of a 3-year $160 million contract extension from BP Exploration & Production for light subsea construction, and inspection, maintenance and repair (IMR) work in the...

May 1, 2014
Total Views: 11

Wednesday, February 26, 2014
subsea 7 seven waves pipelay vessel
News

SPOTD: Seven Waves’ New High Capacity Pipelay Tower

Last October, Subsea 7’s new pipelay vessel Seven Waves, arrived at Huisman Schiedam to receive its 550 metric ton flex-lay system and 400 metric ton active heave compensated offshore mast...

February 26, 2014
Total Views: 14

Dzheitune jack-up caspian sea dragon oil
News

Oil Services Must Take On More Risk, Petrofac CEO Warns

Oil service companies will have to assume more risk in the coming years as investor pressure and a flat crude price make oil company clients push harder to avoid delays on megaprojects, the chief executive of FTSE 100 contractor Petrofac said.

February 26, 2014
Total Views: 3

Thursday, October 31, 2013
seven borealis
News

Technip and Subsea 7 Win $1.2 Billion in Deepwater Projects Offshore Ghana

Technip and Subsea 7 will be working together offshore Ghana on a USD $1.23 billion SURF project for Tullow Ghana announced today. The Tweneboa-Enyenra-Ntomme Development (TEN) Project, located in the...

October 31, 2013
Total Views: 29

Monday, October 21, 2013
subsea 7 condor
News

Subsea 7 Wins $600 Million in Contracts from Petrobras

Subsea 7 S.A. (Oslo Børs: SUBC) announced the award of a pair of contracts from Petrobras today worth over $600 million. The contracts are for operation of the Pipelay Support...

October 21, 2013
Total Views: 8

Wednesday, September 4, 2013
subsea 7 gorgon project installation
Offshore News

Subsea 7 Wins $140 Million Contract Offshore Norway

Luxembourg – September 4, 2013 – Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract valued at approximately $140 million from Statoil for the removal and...

September 4, 2013
Total Views: 1