Subsea 7 lands “major” contract worth at least $750million
Subsea 7 was giving little away with an announcement that it had been awarded a major offshore contract worth up to $750million, but declined to give details.
Subsea 7
Subsea 7 income dips as SURF market contracts
Oil services company, Subsea 7 saw income dip for the first quarter 2016 as the reduction in SURF (subsea, umbilical, riser and flowline) project activity worldwide continues to bite.
Subsea 7 wins Apache North Sea deal
Subsea 7 has landed a "sizeable" contract for Apache's North Sea assets.
Oil companies move from Singapore to Malaysia in bid to save costs
Multinational oil companies are said to be pulling staff out of Singapore and moving them to Malaysia in a bid to save costs, according to reports.
Stark contrast in pay outcomes for the bosses of Shell and Subsea 7
Shell boss Ben van Beurden took an 77% pay cut but his counterpart at Subsea 7 doubled his pay packet as crude prices tumbled and thousands of oil and gas workers lost their jobs during 2015.
Subsea 7 wins North Sea job with BP
Subsea 7 has won a “sizeable” contract from BP for its assets in the UK North Sea.
Subsea 7’s earnings fall, reduces workforce by 3,600
Subsea 7 saw its full year earning fall to $4.8billion – down from last year’s $6.9billion.
Subsea 7 secures $750million BP deal
Subsea 7 has been awarded a contract by BP, and partner DEA for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt.
Subsea 7 inks North Sea deal with six companies
Subsea 7 today confirmed it has landed a three-year framework agreement with Chevron North Sea, Dana Petroleum, Hess Denmark, Nexen Petroleum, Taqa Bratani and Talisman Sinopec Energy UK.
Video: Final vessel in Subsea 7 fleet launched from Holland shipyard
This short clip shows the launch of the final pipelaying vessel in a series of three ordered by Subsea 7.
Subsea 7 nets West Nile Delta contract
Subsea 7 has won a contract Burullus Gas Company for the platform extension and tie-in on the the first phase of the West Nile Delta development. The work is on BP’s Taurus and Libra fields’ offshore Egypt.
Subsea 7 provides decom services for two Centrica fields
Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning programmes, located in the southern North Sea.
Subsea 7 to downsize offices in Aberdeenshire hub
Subsea 7 is to downsize its Aberdeenshire office as it looks to streamline costs during the oil price decline. The company, which announced it would be making headcount reductions earlier this year, said it would “optimise” its other buildings. Subsea 7 currently has its east and west complex as well as its workshop and sports centre based in Westhill.
Tata’s oil and gas success highlights quality of UK products and skills
In what has been a tough week for the UK steel industry, and at Tata Steel in particular, the company's energy and power division is set to continue delivering high performance products to the oil and gas industry.
Subsea 7 wins sizeable new contract in Egypt
Subsea 7 has won a contract from to deliver umbilicals and pipeline installation to a project in Egypt.
Magma Global to work with BP and Subsea 7 on pipe technology
Flexible pipe manufacturer Magma Global has signed a joint development agreement with BP and Subsea 7 in a project to qualify Magma's carbon fibre m-pipe for subsea pipelines.
IMCA appoints former Subsea 7 vp as new chief executive
The International Marine Contractors Association (IMCA) has appointed Allen Leatt as its new chief executive.
As predicted, Asia-Pac interests are out to corner global subsea construction market
Gradually . . . little bit by little bit . . . Asia-Pac companies are seeking and gaining control of the subsea construction market though, for now at least, the larger part remains under the control of Western companies, primarily European.
Singapore shipyard lands $1billion mega contract for Culzean topsides
Lucrative contracts to develop Maersk's giant $4.5billion Culzean gas field were revealed today with Singapore-based shipyard Sembcorp the latest to announce a $1billion agreement to build the topsides for the North Sea mega-development.
Subsea 7 lands $500million Egypt contract for BP
Subsea 7 has been awarded a $500million contract by BP, and partner DEA, for the West Nile Delta project in Egypt.
Subsea 7 saves $400million through workforce reductions
Subsea 7 confirmed reducing its workforce by 2,500 saved the company $400million.
Subsea 7 forms alliance with KBR
Subsea 7 has formed an alliance with Houston-based KBR and Granherne to deliver front end engineering and design (FEED) services to the global offshore oil and gas industry.
Subsea 7 creates worldwide agreement with OneSubsea
Subsea 7 has struck a deal with Cameron and Schlumberger company OneSubsea to develop and deliver integrated development solutions. The move means the establishment of a worldwide non-incorporated alliance between the two firms. Subsea 7 will work alongside OneSubsea to create development solutions through the combination of subsurface expertise, subsea production systems and susbsea processing systems.
Subsea 7 lands deal with Chevron
Subsea 7 has landed contracts with Chevron Australia and INPEX Operations Australia.
Subsea 7 to reduce headcount by almost 20%
Subsea 7 plans to cut its workforce by almost 20% and reduce its fleet by up to 11 vessels. The move has been made as a result of the oil price decline since last year. The company, which focuses on the North Sea, expects to reduce its workforce by 2,500 by early next year.