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Subsea 7: More awards on the horizon, but market competitive

Subsea 7: More awards on the horizon, but market competitive

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10 November 2017

Industry conditions remained challenging; but awards to market are expected to increase in 1H 2018, says subsea contractor Subsea 7, echoing optimism indicated by rival TechnipFMC last month.

The firm's boss, CEO Jean Cahuzac, says: "Although the market environment remains challenging, we are seeing a gradual recovery in tendering activity and still expect the number of awards to the market to increase in the first half 2018."

more [source: OE]