Search results for: Subsea 7

207868 results

A list of search results

  • 18 December 2014
    Business & Finance, Operations & Maintenance

    Seabed-to-surface engineering contractor, Subsea 7, has announced that, with effect from 1 January 2015, it will be changing the organisational structure of its business. According to the company, its to better align Group’s strategic priorities and to further strengthen the its execution capabilities and competitiveness. The new organisational and segmental reporting structure will comprise two Business Units, which […]

  • 3 October 2019
    Business & Finance, Project & Tenders

    4Subsea, provider of technology and services to oil & gas and offshore wind operators worldwide, has been acquired by Subsea 7 in a 100% stock buyout. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. 4Subsea’s Peter Jenkins will continue in his role as CEO of the company. The company […]

  • 3 October 2019
    Business & Finance

    Subsea 7 has acquired 4Subsea, the Norway-based provider of technology and solutions for the offshore wind and oil & gas markets. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team, as well as Peter Jenkins keeping his role as CEO of the company. An early priority project will be towards monitoring of […]

  • 3 January 2020
    Business & Finance

    Subsea 7 has made changes to its executive management team, effective from January 1, 2020, including a new CEO. 

  • 20 August 2019
    Business & Finance

    The engineering conversion program offers a mix of on the job and classroom-based training

  • 25 July 2019
    Business & Finance

    Subsea 7 saw a decrease in both profit and revenues during the second quarter 2019 affected by lower activity in its Renewables and Heavy Lifting business unit. 

  • 2 May 2019
    Business & Finance

    Subsea 7 recorded a loss during the first quarter of the year while its revenues increased driven by its SURF and Conventional business unit.

  • 15 March 2018
    Business & Finance

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

  • 26 July 2018
    Business & Finance

    Subsea 7 recorded higher revenues for the second quarter of 2018 but its profit was halved during the period. 

  • 6 June 2013

    On 3 May 2013, IHC Merwede successfully launched and named the offshore pipelaying vessel Seven Waves for the offshore construction and service contractor Subsea 7. The ceremony was held in Krimpen aan den IJssel, the Netherlands, where the vessel was named by its godmother Lucia Andrade, vice president Projects & Operations of Subsea 7. The […]

  • 21 June 2016
    Business & Finance, Equipment, Project & Tenders

    Seabed-to-surface engineering, construction and services contractor Subsea 7 has signed a three-year contract with Xait. Xait is Norwegian company behind the software XaitPorter. XaitPorter is a cloud based software that enables several contributors to work on the same document at the same time. “Subsea 7 has been a client of Xait since 2005. Their solution […]

  • 21 June 2010

    The offshore companies Subsea 7 and Acergy merge. The new entity, to be named Subsea 7, has a market value of USD 5.4 billion, a global organisation of 12,000 people and a backlog of USD 5.3 billion. The fusion will generate annual synergies of at least USD 100 million. The board will be chaired by […]

  • 29 July 2015
    Business & Finance, Operations & Maintenance

    Subsea 7 announced revenue for the second quarter 2015 of $1.4 billion, a decrease of $553 million or 29% compared with Q2 2014.  Adjusted EBITDA for the quarter was $275 million, a decrease of $178 million compared to Q2 2014. Adjusted EBITDA margin was 20%, compared with 24% in Q2 2014. The reduction in Adjusted EBITDA reflected the […]

  • 5 March 2020

    Offshore services provider Subsea 7 has been contracted by ConocoPhillips Australia Barossa to deliver SURF scope for the Barossa project. 

  • 28 February 2019
    Business & Finance

    Subsea 7 recorded a decrease in profit during the fourth quarter 2018, but the company believes offshore activity levels are improving. 

  • 26 April 2018
    Business & Finance

    Subsea 7 sank to a loss during the first quarter of 2018 due to lower activity levels and foreign currency loss as its revenues fell by 10 percent. 

  • 1 February 2017

    Subsea 7 has taken delivery of Seven Arctic and Seven Kestrel offshore vessels, completing its fleet investment program that has added six new-build vessels to the Subsea 7 fleet since 2014. Seven Arctic is a heavy construction flex-lay vessel designed to meet the demands of deep water and harsh environments. Capable of working at depths […]

  • 1 November 2012
    Business & Finance

    AusGroup Limited subsidiary, AGC Industries Pty Ltd („AGC‟), an Australian based fabrication and construction group, today announced it has secured fabrication work with Subsea 7, a seabed-to-surface engineering, construction and services contractor to the offshore energy industry worldwide. The contract is for the fabrication of post metrology subsea spools for the Chevron-operated Gorgon Project. Preparation […]

  • 20 May 2016
    Business & Finance

    Subsea 7, a subsea engineering, construction and services company serving the offshore energy industry, on Friday announced the award of a ‘major EPCI contract’.  The company defines a major contract as being worth over $750 million. Subsea 7 said on Friday that the EPCI contract is for offshore execution in 2017 and 2018. However, no further […]

  • 1 June 2016

    Offshore contractor Subsea 7 saw its offshore vessel charter with Petrobras terminated earlier than expected. The company said Petrobras terminated the day-rate contract for Subsea 7’s Pipelay Support Vessel (PLSV), Seven Mar, effective 31 May 2016. The vessel was working offshore Brazil. According to Subsea 7, the contract was originally set to expire at the end of […]

  • 13 March 2017
    Business & Finance

    Subsea 7 acquired 50% stake in Seaway Heavy Lifting (SHL) from K&S Baltic Offshore (Cyprus) on 10 March. SHL was a joint venture company in which Subsea 7 held a 50% interest, hence the company is now a wholly-owned subsidiary of Subsea 7.

  • 7 November 2019
    Business & Finance

    Subsea 7 saw a decrease in revenues in the third quarter of 2019 due to lower activity levels in the Renewables and Heavy Lifting business and a smaller profit due to lower pricing and competitive market environment.