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News from Subsea 7

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Subsea 7 Celebrates Build Milestone and Announces Vessel Name

05 July 2018   The keel laying ceremony for Subsea 7’s new reel-lay vessel took place at Royal IHC in Krimpen aan den IJssel (Netherlands) today, 5 July. In line with this major milestone Subsea 7 announced the vessel will be....

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Subsea 7 Awarded Contract Offshore Angola

28 June 2018   Subsea 7 today announced the award of a substantial contract in the region of USD $150-300m by Total E&P Angola for the engineering, procurement, installation and commissioning of the subsea flowlines and umbilicals for the Zinia Phase....

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Airborne Oil & Gas and Subsea 7 commence qualification programme for TCP Riser in South America

26 June 2018   Oilfield technology firm Airborne Oil & Gas has commenced a qualification of a TCP Riser for deepwater and dynamic applications for a major operator in South America in collaboration with Subsea 7, effective today. As a global....

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Subsea 7 Awarded Contract Offshore Egypt

14 June 2018   Subsea 7 announced today the award of a engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt. The contract is valued in the region....

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Subsea 7 'Aims for SURF Throne' with McDermott Takeover Bid

25 April 2018   Subsea 7's £1.4 billion takeover bid for McDermott represents a move to "assume the throne" for the global subsea umbilicals, risers and flowlines market (SURF), according to analysts Rystad Energy. .

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Subsea 7 Bids to Acquire McDermott

23 April 2018   Subsea 7 SA confirms that it made a proposal(1) to the Board of Directors of McDermott International, Inc on April 17, 2018 to acquire the entire issued share capital of McDermott. Subsea 7 proposed to acquire McDermott....

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Subsea 7 Announces Agreement to Acquire Siem Offshore Contractors and Two Vessels

02 March 2018   Subsea 7 has announced that it has signed an agreement to acquire Siem Offshore Contractors GmbH and two vessels, subject to competition clearance in Germany. The acquisition will include the entire issued share capital of Siem Offshore....

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Ashtead teams up with Newton Labs to deliver underwater inspection for Subsea 7

13 December 2017   Global subsea equipment specialist, Ashtead Technology has successfully delivered an advanced subsea laser scanning project for Subsea 7 on Chevron’s Captain field located in the UK North Sea. The project saw Ashtead carry out a well inspection....

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

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....

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Royal IHC to design and build integrated Reel lay vessel for Subsea 7

03 October 2017   Royal IHC and Subsea 7 have signed a contract for the design and build of a new reel lay vessel. This high specification vessel will be capable of installing complex rigid flowlines including pipe-in-pipe systems. In close cooperation....

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Subsea 7 confirms new reel lay vessel order

02 October 2017   Subsea 7 has now signed a contract with Royal IHC for the design and build of a new, high-specification reel lay vessel capable of installing complex rigid flowlines including pipe-in-pipe systems. IHC says that, based on the....

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InterMoor wins contract on Mad Dog Phase 2 project

11 September 2017   InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has been awarded a service contract with Subsea 7 to provide mooring and tow services for BP’s new Mad Dog 2 project. The contract with Subsea....

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Subsea 7 Vice President appointed to trade association board

24 August 2017   An industry professional with over 20 years’ experience in the subsea pipelines business has been appointed to Oil & Gas UK’s board. Phil Simons, VP North Sea & Canada at Subsea 7, will sit alongside the leading....

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Subsea 7 sees market improvement

28 July 2017   Jean Cahuzac, Subsea 7 chief executive, said additional renewable project activity, along with significant progress of subsea oil and gas projects, boosted second quarter 2017 revenue to USD1 billion, up six percent year-on-year. "Assuming the global energy prices....

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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. The extensions will generate $250million for the Luxembourg-registered firm. The Seven Waves, Seven Rio and Seven Sun vessels will earn the same day....

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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. The....

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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. The subsea umbilicals have also been recently installed,....

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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. Companies including Subsea 7, GE Oil & Gas and Total Exploration and Production UK....

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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.S. Bankruptcy Court. The latest development represented a significant step forward for....

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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. With this....

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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. Aibel chief executive Mads Andersen said the Norwegian....

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Subsea 7 takes over SHL

13 March 2017   Subsea 7 has completed a takeover of offshore wind installation contractor Seaway Heavy Lifting. The company has acquired the 50% SHL shareholding from K&S Baltic Offshore. Subsea 7 already had a half share in the business. The acquisition is....

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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. Seven Arctic is a heavy construction flex-lay vessel designed to meet the....

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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. The terms....

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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. Netherlands-headquartered Seaway Heavy Lifting is a specialist offshore contractor and operates two heavy lift....

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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. The mechanical engineering group will perform a range of subsea flowline and umbilical pre-commissioning on the Woodside-operated North West Shelf....

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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. During 3Q, the Seven Borealis was engaged in pipelay for the first phase of the West Nile....

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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. The Greater Western Flank is located on the North West Shelf of Australia, 60....

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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. Some of the predicted contract awards for offshore construction and support vessels in the Eastern Mediterranean are starting to....

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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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