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