News from Subsea 7

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Subsea 7 contract extensions in Brazil worth $250m

Subsea 7 contract extensions in Brazil worth $250m

21 July 2017   Subsea 7 today sealed a contract extensions for three pipelay support vessels currently working offshore Brazil.

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Aquatic announces multiple contracts

Aquatic announces multiple contracts

13 July 2017   Aquatic Engineering & Construction recently confirmed two contracts about a day apart, while also releasing news on its social media that it had prepped a reel drive for load-out in Louisiana for a deepwater GoM tieback campaign.

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Subsea 7 Sets Up Maria Pipelines

Subsea 7 Sets Up Maria Pipelines

06 July 2017   Subsea 7’s installation vessel, Seven Oceans, has landed the last production pipeline on the seabed at the Maria field in the Norwegian Sea, the operator Wintershall informed through social media.

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World-leading subsea companies to engage with North East supply chain at major conference

World-leading subsea companies to engage with North East supply chain at major conference

12 May 2017   A group of the world’s leading offshore industry companies will visit the North East next month to highlight opportunities in the growing subsea market.

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Subsea 7 in advanced talks for stake in Singapore's EMAS Chiyoda Subsea

Subsea 7 in advanced talks for stake in Singapore's EMAS Chiyoda Subsea

10 May 2017   London-based offshore contractor Subsea 7 is in advanced talks to invest in Singapore's troubled EMAS Chiyoda Subsea, according to a recent plan of reorganization submitted to U.

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Subsea 7 expecting more work from offshore wind as costs fall

Subsea 7 expecting more work from offshore wind as costs fall

28 April 2017   Subsea 7’s CEO Jean Cahuzac says the company has increased its focus on renewable energy and anticipates more project awards from that segment to come to market as the economics of offshore windfarms continue to improve.

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Aibel and Subsea 7 eye rising work tide

Aibel and Subsea 7 eye rising work tide

17 March 2017   Contractors Aibel and Subsea 7 see burgeoning prospects for field development work going forward on the back of industry cost-cutting that has made projects commercially viable at lower oil prices.

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Subsea 7 takes over SHL

Subsea 7 takes over SHL

13 March 2017   Subsea 7 has completed a takeover of offshore wind installation contractor Seaway Heavy Lifting.

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Subsea 7 takes delivery of remaining newbuilds

Subsea 7 takes delivery of remaining newbuilds

20 February 2017   Subsea 7 has taken delivery of Seven Arctic and Seven Kestrel, completing an investment programme that has added six newbuild vessels to its fleet since 2014.

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Subsea 7 Announces Offer for Seaway Heavy Lifting

Subsea 7 Announces Offer for Seaway Heavy Lifting

19 January 2017   Subsea 7 SA has announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited.

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Subsea 7 to Acquire Remaining Stake in Seaway Heavy Lifting

Subsea 7 to Acquire Remaining Stake in Seaway Heavy Lifting

17 January 2017   Subsea 7 has announced that it has made an offer to acquire 50% equity interest in Seaway Heavy Lifting Holding from K&S Baltic Offshore.

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Subsea 7 Awards EnerMech Australian Contract

Subsea 7 Awards EnerMech Australian Contract

13 December 2016   EnerMech has been awarded its first contract by Subsea 7 in the Australian oil and gas market.

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Subsea 7 Expands Offshore Egypt Backlog

Subsea 7 Expands Offshore Egypt Backlog

09 December 2016   Subsea 7 has completed offshore operations on the fasttrack East Nile Delta project in the Egyptian sector of the Mediterranean Sea.

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Subsea 7 Awarded Contract Offshore Australia

Subsea 7 Awarded Contract Offshore Australia

05 December 2016   Subsea 7 SA announced the award of a sizeable* contract by Woodside Energy Ltd for the Greater Western Flank Phase 2 Project, offshore Australia.

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Subsea 7 Wins Egyptian Offshore Contract

Subsea 7 Wins Egyptian Offshore Contract

29 November 2016   Subsea 7 has won a substantial contract to install subsea systems and pipelines on the Atoll project offshore Egypt.

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Subsea 7 SA Rating Increased to Hold at Zacks Investment Research

Subsea 7 SA Rating Increased to Hold at Zacks Investment Research

10 November 2016   Subsea 7 SA was upgraded by Zacks Investment Research from a "sell” rating to a "hold” rating in a research report issued to clients and investors on Tuesday.

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Subsea 7 Awarded Contract for Egypt’s Atoll Field

Subsea 7 Awarded Contract for Egypt’s Atoll Field

20 October 2016   Subsea 7 has been awarded a substantial contract by Pharaonic Petroleum Company.

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Subsea 7 Extends Exova Weld Test Support Arrangement

Subsea 7 Extends Exova Weld Test Support Arrangement

11 October 2016   Subsea 7 has awarded Exova a new two-year framework agreement to provide testing services in support of the contractor’s pipeline welding activities.

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Subsea 7 Completes Aasta Hansteen Work [Video]

Subsea 7 Completes Aasta Hansteen Work [Video]

29 September 2016   Subsea 7 has completed the installation of risers and flowlines at Statoil’s Aasta Hansteen field in the North Sea.

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Aker, Det norske, Subsea 7 form “one for all, all for one” alliance

Aker, Det norske, Subsea 7 form “one for all, all for one” alliance

13 September 2016   Aker Solutions, Det norske and Subsea 7 have formed a "one for all, all for one” alliance amid the industry’s most challenging downturn yet.

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Subsea 7 begins Consultation on North Sea Jobs

Subsea 7 begins Consultation on North Sea Jobs

01 September 2016   Subsea 7 has started formal one-to-one consultations with hundreds of staff in Aberdeen.

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Subsea 7 Acquires Swagelining

Subsea 7 Acquires Swagelining

10 August 2016   Subsea SURF contractor Subsea 7 has acquired polymer lining technology firm Swagelining.

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Trelleborg Signs Framework Agreement with i-Tech Services, part of Subsea 7

Trelleborg Signs Framework Agreement with i-Tech Services, part of Subsea 7

28 June 2016   Trelleborg’s applied technologies operation in Rochdale, England, has signed a framework agreement with i-Tech Services, a Subsea 7 company, to deliver buoyancy products for remotely operated vehicles (ROV).

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Subsea 7 subs out PLSV off Brazil

Subsea 7 subs out PLSV off Brazil

23 June 2016   Brazilian giant Petrobras and Lodon-based Subsea 7 have reached an agreement to substitute a pipelay support vessel working off Brazil.

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Subsea 7 to Cut a Further 1200 Jobs

Subsea 7 to Cut a Further 1200 Jobs

22 June 2016   Energy services group Subsea 7 is to cut 1,200 jobs after being forced into a second major restructure by the oil price crisis.

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Subsea 7 Hit by Petrobras Pipelay Vessel Cancellation

Subsea 7 Hit by Petrobras Pipelay Vessel Cancellation

02 June 2016   Subsea 7 has confirmed the early termination of the day-rate contract for its pipelay support vessel (PLSV), Seven Mar, which has been working for Petrobras offshore Brazil, effective 31 May 2016.

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Beatrice Deal for Seaway and Subsea 7

Beatrice Deal for Seaway and Subsea 7

30 May 2016   Located in the Outer Moray Firth, the 588 MW wind farm is scheduled to be fully operational in 2019, and will consist of 84 wind turbines on pre-piled jacket substructures.

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Subsea 7 Awarded Wind Farm Contract Worth Over $1bn

Subsea 7 Awarded Wind Farm Contract Worth Over $1bn

23 May 2016   UK-based Subsea 7 has announced that it has been awarded a contract with over $1bn by Beatrice Offshore Windfarm for the engineering, procurement, construction and  installation (EPCI) of the Beatrice wind farm turbine foundations and array cables, offshore Scotland.

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Subsea 7 Announces Mystery Contract Worth $750million

Subsea 7 Announces Mystery Contract Worth $750million

20 May 2016   Subsea 7 has announced that it has been awarded a major offshore contract worth up to $750million, but declined to give details.

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Subsea 7 gets UK North Sea Contract

Subsea 7 gets UK North Sea Contract

25 April 2016   Norwegian offshore engineer Subsea 7 SA said Monday it has been the awarded a sizeable engineering, procurement, installation and commissioning (EPIC) contract by Apache North Sea, as part of the Callater field development, offshore Aberdeen, UK.

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