Subsea 7


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Subsea Supplies Announces New Burton Products Neoprene Moulding Offering

Subsea Supplies has launched a new service offering following an exclusive agreement with a multi-billion pound global business. Aberdeen-based Subsea Supplies has secured an official licence from Eaton to manufacture products using its internationally-recognised Burton Subsea Product Line. Follo ...

James Donaldson


Posted 3 days agoPress > BibbyTechnipDOF Subsea +8

Subsea 7 Awarded Contract Offshore Gulf of Mexico

Subsea 7 today announced the award of a sizeable (1) contract by Shell as part of the deepwater Vito development, approximately 150 miles south of New Orleans, in the US Gulf of Mexico.  The contract scope covers the project management, engineering, procurement, installation and pull-in of two 12 ...

OilVoice Press - OilVoice


Posted 5 days agoPress > Gulf Of MexicoGOMOffshore +4

Subsea 7 Awarded Contract Offshore Egypt

Subsea 7 announced today the award of a sizeable (1) engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt.  The scope includes connecting six new wells into existing subsea facilities ...

OilVoice Press - OilVoice


Posted 7 days agoPress > EgyptOffshoreSubsea 7 +1

Subsea 7 Awarded Contract Offshore UK

Luxembourg - 11 June 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) todayannounced the award of a contract by Shell for the Penguins RedevelopmentProject, located approximately 150 miles north-east of the Shetland Islands.The engineering, procurement, construction and installation (EPCI) contra ...

OilVoice Press - OilVoice


Posted 9 days agoPress > United KingdomUKOffshore +2

Subsea 7 Withdraws its Proposal to Acquire McDermott

Luxembourg -May 2, 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that it had taken note of McDermott International, Inc. ("McDermott," NYSE: MDR) shareholders' vote in favour of a combination with CB&I (NYSE: CBI). In light of this vote, Subsea 7 confirms that the proposal made ...

OilVoice Press - OilVoice


Posted 1 month agoPress > Subsea 7AcquisitionMcDermott

Subsea 7 S.A. Announces First Quarter 2018 Results

Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355) announced today results for the first quarter which ended 31 March 2018. First Quarter highlights Adjusted EBITDA of $103 million, at a margin of 13%, included a seasonal reduction in offshore activity levels Ne ...

OilVoice Press - OilVoice


Posted 1 month agoPress > ResultsOperational HighlightsSubsea 7 +1

Subsea 7 Re-Affirms its Proposal to Acquire McDermott

Subsea 7 S.A. today announced a re-affirmation of its interest in acquiring McDermott International, Inc. (“McDermott,” NYSE: MDR). Subsea 7's proposal is subject to the termination of McDermott's pending transaction with CB&I (NYSE: CBI).  Subsea 7 is open to considering amending its proposal if ...

OilVoice Press - OilVoice


Posted 1 month agoPress > NYSESubsea 7McDermott +2

Subsea 7 Confirms USD 7.00 Per Share Proposal to Acquire McDermott

Subsea 7 has the ability to quickly execute a definitive agreement Subsea 7 made premium proposal providing substantial growth prospects, highly visible synergies and investment grade financial profile Luxembourg - April 23, 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) confirms that it made ...

OilVoice Press - OilVoice


Posted 1 month agoPress > Subsea 7AcquisitionMcDermott

Subsea 7 Announces Completion of Siem Offshore Contractors Acquisition

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the completion of the acquisition of Siem Offshore Contractors GmbH ("Siem Offshore Contractors") and two vessels, the inter-array cable lay vessel Siem Aimery and the support vessel Siem Moxie, from the Siem Offshore Group. On completion, ...

OilVoice Press - OilVoice


Posted 2 months agoPress > Subsea 7Siem Offshore COntractorsAcquisition

Subsea 7 Awarded Contract Offshore UK

Luxembourg – 10 April 2018  - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable (1)  contract by BP, for the provision of EPCI flowline supply and subsea installation services for the Alligin subsea development project, located approximately 140 kilometres west of ...

OilVoice Press - OilVoice


Posted 2 months agoPress > OffshoreUnited KingdomUK +3

Subsea 7 Awarded Contract Offshore Nigeria

Luxembourg - 10 April 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract by Mobil Producing Nigeria Unlimited (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow water, offshore Nigeria. The contract scope includes engineering, ...

OilVoice Press - OilVoice


Posted 2 months agoPress > OffshoreContractNigeria +5

Subsea 7 Share Repurchase

Luxembourg - 3 April 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that on 3 April 2018 the Company purchased 250,000 of its shares at an average price of NOK 99.76 per share. This represents approximately 0.08% of the Company's issued share capital.The shares were purchased in ...

OilVoice Press - OilVoice


Posted 2 months agoPress > Share RepurchaseSubsea 7Oslo

Major North Sea Order Accelerates Liberty Pipe Mills Comeback

The Liberty Group's mission to reinstate Hartlepool pipe mills' as a global force in the oil and gas sector has taken a big step forward with the news that the plant has secured a multi-million-pound order from Subsea 7 to provide large diameter steel pipe for Statoil's Snorre Expansion Project off ...

OilVoice Press - OilVoice


Posted 2 months agoPress > United KingdomUKNorth Sea +8

Statoil Awarding Askeladd Development Contracts

Statoil is awarding a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development. "The Askeladd project is being developed in a period of several key milestones for Statoil in North Norway. The Aasta Hansteen field in the Nor ...

OilVoice Press - OilVoice


Posted 2 months agoPress > StatoilAskeladdContract +5

Subsea 7 Announces Proposed Nominations to the Company's Board of Directors

Luxembourg - 15 March 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announces the following changes to the membership of the Board of Directors, with new appointments being subject to approval at the AGM on 17 April 2018: Sir Peter Mason, currently Senior Independent Director and Chair ...

OilVoice Press - OilVoice


Posted 3 months agoPress > Board of DirectorsDirectorsSubsea 7