A merger deal between McDermott International and Chicago Bridge and Iron (CB&I) has been approved by shareholders, thwarting attempts by Subsea 7 to block it.
UK-based Independent Oil and Gas (IOG) has contracted Subsea 7 and Wood for work on the Thames Pipeline in the Southern North Sea.
Subsea 7 has posted a loss of £21million in its first quarter results, compared to earnings of £147million in the same period last year.
McDermott International has stated it remains “fully committed” to its merger with CB&I following Subsea 7’s rejected takeover bid.
UK-based Subsea 7 has restated its interest in acquiring U.S rival McDermott.
Subsea 7’s £1.4billion takeover bid for McDermott represents a move to “assume the throne” for the global subsea umbilicals, risers and flowlines market (SURF), according to analysts Rystad Energy.
Offshore engineering and construction firm Subsea 7 has confirmed today that it made a bid to acquire US company McDermott.
North Sea firms will spend £420million on the development of two new fields containing 50million barrels of oil in total.
Subsea 7 has struck a deal worth at least £105million to provide pipelines and carry out topside modifications in Nigeria.
Statoil has awarded key contracts for a new field development to Subsea 7 and Ocean Installer.
Baker Hughes and McDermott International said they're partnering to offer integrated offshore energy services in order to better compete with other growing players like Schlumberger and TechnipFMC.
Subsea 7 S.A has announced it has won a “substantial” contract from BP Exploration for assets offshore Azerbaijan, with the work to be supported in Aberdeen.
The Petroleum Safety Authority of Norway has given consent to Aker BP to perform manned underwater operations in the North Sea later this year.
Energy service giant Subsea 7 said renewables contracts had helped the company lift its revenues in 2017.
Subsea 7 has struck a deal to acquire rival oilfield service business Siem Offshore Contractors (SOC) for an initial £125million.
Wintershall has dished out contracts worth $230million for a Norwegian North Sea project.
Oilfield service firms Schlumberger and Subsea 7 have entered into talks to form a joint venture intended to build on the success of an earlier alliance.
Xodus Group, the Aberdeen-based energy consultancy is now majority-owned by Subsea 7 following a deal struck between the two companies tonight.
Oslo-headquartered TMC Compressors has been hired to deliver a marine air system for a reel lay vessel being built by Royal IHC for Subsea 7.
Oil services firm Subsea 7 has announced it has been awarded a “sizeable” contract from Statoil for work on the Johan Castberg field development in the Barents Sea.
The new chairman of the North Sea’s efficiency task force has said no stone can be left unturned in the quest to make the basin competitive globally.
Subsea 7 has sealed a massive contract award with Statoil for the Snorre Expansion Project, which will also see knock on work for their north and north-east offices in Scotland.
Energy service firm Subsea 7 has netted two contracts with Aker BP for projects in the Norwegian North Sea.
Oilfield service firm Subsea 7 said today that it had clinched a deal to work on the tie-back from the Aerfugl gas field off Norway.
ROV services provider M2 Subsea has announced the appointment of David Sinclair as business development manager in charge of renewables and decommissioning.