Aberdeen dealmakers are expecting an upturn in mergers and acquisitions amongst North Sea companies as they emerge from “survival mode” and look for new opportunities.
Energy services firm Subsea saw its share price surge more than 5% in Oslo today after forecast-busting third quarter results.
The North Sea arm of French firm Total could become the new occupier of the west campus building in Westhill, Aberdeenshire.
Subsea 7 has landed a deal offshore Egypt.
Offshore contracting company Subsea 7 plunged into the red last year, hit by continuing low oil prices and reduced client activity.
Subsea 7 has completed the installation of risers and flowlines at Statoil's Aasta Hansteen field in the North Sea.
BNP Paribas has downgraded shares in oil service firm Subsea 7 from an outperform rating to neutral.
Aker Solutions, Det norske and Subsea 7 have formed a “one for all, all for one” alliance amid the industry’s most challenging downturn yet.
Subsea 7 has started formal one-to-one consultations with hundreds of staff in Aberdeen.
Subsea 7 said it is still reviewing its lease opportunities almost a year after it beginning downsizing its staff and closing its West Campus building.
Oil services firm Subsea 7 today said it had snapped up Scottish polymer lining technology firm Swagelining for an undisclosed fee.
Offshore activity is ramping up on Premier Oil’s Catcher project in the North Sea, with all three Pipeline Bundles now successfully installed.
Subsea 7 is to cut its global workforce by another 1,200 and has confirmed up 430 jobs will go in the UK as part of the company’s global resizing and cost reduction measures.
Subsea 7 has confirmed it has secured a major $1billion plus contract for the Beatrice offshore windfarm in the Moray Firth.
A consortium of developers led by SSE have committed the final investment decision for the 588MW 84-turbine Beatrice offshore wind farm in Scotland.
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.
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 has landed a "sizeable" contract for Apache's North Sea assets.
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.
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 has won a “sizeable” contract from BP for its assets in the UK North Sea.
Subsea 7 saw its full year earning fall to $4.8billion – down from last year’s $6.9billion.
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 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.
This short clip shows the launch of the final pipelaying vessel in a series of three ordered by Subsea 7.