Monday, June 1, 2020
Friday, November 15, 2019
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...
Wednesday, November 21, 2018
Wednesday, May 9, 2018
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...
Thursday, May 3, 2018
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...
Monday, April 23, 2018
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...
Thursday, March 1, 2018
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,...
Sunday, August 7, 2016
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...
Wednesday, June 22, 2016
Saturday, January 16, 2016
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...
Tuesday, September 1, 2015
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...
Tuesday, May 12, 2015
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.
Monday, April 13, 2015
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...
Wednesday, July 2, 2014
Thursday, May 1, 2014
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...
Wednesday, February 26, 2014
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...
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.
Thursday, October 31, 2013
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...
Monday, October 21, 2013
Subsea 7 Wins $600 Million in Contracts from Petrobras
Subsea 7 S.A. (Oslo BÃ¸rs: 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...
Wednesday, September 4, 2013
Subsea 7 Wins $140 Million Contract Offshore Norway
Luxembourg – September 4, 2013 – Subsea 7 S.A. (Oslo BÃ¸rs: SUBC) today announced the award of a contract valued at approximately $140 million from Statoil for the removal and...
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