Search results for: subsea-7

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  • 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

    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 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 […]

  • 10 October 2018

    Subsea 7 clinches second Vito field gig

  • 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.

  • 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 […]

  • 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 […]