Search results for: Jean Cahuzac

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  • 10 September 2019
    Business & Finance

    UK subsea engineering and construction services company Subsea 7 has informed that Jean Cahuzac will retire from his position as CEO at the end of this year.

  • 10 September 2019
    Business & Finance

    Subsea 7 CEO Jean Cahuzac will retire from his position at the end of this year and will be succeeded from January 1, 2020 by John Evans, who is currently COO. Jean Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008, having previously worked for Transocean and Schlumberger. […]

  • 29 April 2015

    Subsea 7 S.A., a subsea engineering, construction and services company, has reported rise in Q1 2015 profits despite revenue drop. The company reported net income of $151 million in the Q1, 2015 in comparison with $131 million in Q1, 2014. Revenue for the quarter was $1.2 billion, a decrease of $487 million compared with Q1 […]

  • 18 December 2014
    Business & Finance

    Subsea 7 S.A. has announced that, with effect from January 1, 2015, it will be changing the organisational structure of its business in order to, as the company says, better align it to the Group’s strategic priorities. According to the company’s press release, the changes are also designed to further strengthen the Group’s execution capabilities […]

  • 11 September 2014
    Business & Finance, Operations & Maintenance

    Subsea 7, contractors in seabed-to-surface engineering, construction and services to the offshore industry, is back on track with Guará-Lula offshore project in Brazil. According to the statement given to Reuters by the Chief Executive Jean Cahuzac, Subsea 7 has managed to bring Guará-Lula problems under control and expects to finish up the work by the […]

  • 22 June 2016
    Business & Finance, Operations & Maintenance

    Subsea 7 has announced a second phase of global resizing and cost reduction measures due to continued difficult business and economic conditions in the oil and gas market. Namely, the Group plans to resize its global workforce to approximately 8,000 by early 2017, down from the current level of 9,200. Consultation with employees and employee representatives […]

  • 6 April 2020
    Human Capital

    Bourbon’s controlling shareholder Société Phocéenne de Participations (SPP) has strengthened its supervisory board, chaired by Jean Peyrelevade. Four new members have been appointed to the Supervisory Board: Carsten Plougmann Andersen, former vice-president of Maersk group and Maersk Supply Service CEO from 2004 to 2015; Jean Cahuzac, CEO and executive director of Subsea 7 from 2008 […]

  • 22 June 2016

    Subsea engineering, construction and services company Subsea 7 has informed that the second phase of global resizing and cost reduction measures will begin in 2016. The group said on Wednesday that these measures are being done in view of continued difficult business and economic conditions in the oil and gas market. The company plans to resize […]

  • 18 December 2017
    Business & Finance

    Subsea 7 said that its executive vice president Commercial, Øyvind Mikaelsen, has decided to step down from his role and will be leaving the company in the second quarter of 2018. Mikaelsen will be succeeded on January 1, 2018 by Stuart Fitzgerald who will be appointed as executive vice president Strategy and Commercial and will be […]

  • 9 March 2018
    Business & Finance

    Subsea 7 is bidding on a tender to provide and install foundations for the Dieppe et Le Tréport and Iles d’Yeu et de Noirmoutier offshore wind farms in France.

  • 9 March 2018
    Business & Finance

    Subsea 7 is bidding on a tender to provide and install foundations for the Dieppe et Le Tréport and Iles d’Yeu et de Noirmoutier offshore wind farms in France.

  • 23 May 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Subsea 7 has been awarded a contract by Beatrice Offshore Windfarm Limited (BOWL), for the engineering, procurement, construction and installation (EPCI) of the Beatrice wind farm turbine foundations and array cables, offshore Scotland, UK. The contract award was first announced on Friday, May 20, 2016, however, no details were revealed due to contractual obligations of the company. […]

  • 13 March 2017
    Business & Finance, Operations & Maintenance

    Seaway Heavy Lifting and its subsidiaries became wholly-owned by Subsea 7. Subsea 7 has acquired the remaining 50% shareholding from K&S Baltic Offshore (Cyprus) Limited. Prior to the acquisition, Seaway Heavy Lifting was a 50:50 joint venture company. The Oslo-listed SURF specialist said it paid cash consideration of USD 279 million on completion and an additional […]

  • 18 December 2017
    Business & Finance

    Subsea engineering and construction services company Subsea 7 has made a change to its executive management team.

  • 15 March 2018
    Business & Finance

    Subsea 7 has been awarded a sizeable contract for a conventional project, in shallow water. 

  • 6 September 2017
    Business & Finance, Project & Tenders

    Subsea 7 has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new reel-lay vessel and associated pipe lay equipment. The cost, excluding capitalised interest, is expected to be below USD 300 million with an early 2020 delivery. The firm contract with Royal IHC is expected to be awarded […]

  • 14 March 2013

    Subsea 7, a UK-headquartered offshore oilfield services provider, today reported net income for the 4Q 2012 of USD 149 million, an increase when compared to the same period in 2011, when the company reported a net income of $107 million. The revenue increased to $1,6 billion, compared to $1.4 billion in 4Q 2011. Jean Cahuzac, Chief […]

  • 12 May 2015
    Business & Finance, Operations & Maintenance

    Subsea 7 has informed that a programme of cost reduction measures will be implemented including a re-sizing of the fleet and workforce, and the restructuring of its corporate organisation. According to the company’s filing to Oslo Stock Exchange, this decision comes in view of the difficult business and economic conditions in the oil and gas market and declining […]

  • 28 February 2019
    Business & Finance, Operations & Maintenance

    Engineering and construction specialist Subsea 7 has seen profit cut by some 37 percent in the quarter ended December 31, 2018 on activity drop in renewables and heavy lift business units and increased expenses and tax charge compared to the prior year comparable period. The Oslo-listed firm posted quarterly profit of $32 million, or $12 […]

  • 18 October 2017
    Business & Finance

    Solstad Farstad has agreed to sell its 50% of the shares in the 50/50 owned joint venture company Normand Oceanic AS to Subsea 7. Normand Oceanic is the vessel owning entity for the flex-lay and heavy construction vessel “Normand Oceanic” which is being managed by Solstad Farstand while under long-term charter to a third party. The […]

  • 3 January 2020
    Business & Finance

    Subsea 7 has made additions to its executive management team as the new CEO takes over, effective from 1 January, 2020. John Evans is now in place as chief executive officer, succeeding Jean Cahuzac who retired at the end of 2019, but remains on the board of the company as a non-executive director. Prior to […]

  • 12 May 2015
    Business & Finance

    Subsea 7 S.A., a provider of offshore construction and support vessels to the oil and gas industry, is looking to lay off workers and reduce fleet in response to the challenging business environment for the oil and gas supply chain sector. In a statement issued today, the company said that due to declining workload it will […]