In a major offshore oilfield development, Subsea 7 S.A. has been awarded a super-major contract valued at over $1.25 billion by Petrobras. The contract, won through a competitive tender, entails the development of the Búzios 9 field, which is located about 180 kilometers offshore from the state of Rio de Janeiro, Brazil. The field is […]
Subsea 7 S.A. has announced a significant contract extension from Turkish Petroleum Offshore Technology Center AS (TP-OTC) for the second phase of the Sakarya gas field development in the Black Sea, offshore Türkiye. This contract extension, worth between $300 million and $500 million, which will be recorded in the Q2 2024 backlog, involves the installation […]
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) has been awarded a substantial contract by Talos Energy for the Sunspear development in Green Canyon Block 78, located in the Gulf of Mexico. The contract, valued between $50 million and $150 million, involves the subsea tie-back of a production well at Sunspear to the Prince platform, […]
Matrix Composites & Engineering Ltd (ASX: MCE), a key player in the engineering sector, has announced a significant A$30 million contract win. The company will supply subsea buoyancy equipment for a Subsea Oil & Gas Riser System as part of an international offshore project. This project, awarded by Subsea 7, further cements Matrix’s position in […]
Subsea 7 S.A. has been awarded a contract for the second phase of the Sakarya field development in the Turkish waters of the Black Sea. The contract, valued at over $750 million, was granted by Turkish Petroleum. The announcement of this two-phase subsea development contract was made in a redacted form on 12 May 2023. […]
Schlumberger has agreed to create a joint venture (JV) with Aker Solutions and Subsea 7 with the objective for driving innovation and efficiency in subsea production by enabling customers in unlocking reserves and cutting down cycle time. The JV will combine a portfolio of innovative technologies that include subsea gas compression, electrification capabilities, and all-electric […]
Subsea 7 has bagged a front-end engineering and design (FEED) study contract from Equinor pertaining to the Krafla development project, offshore Norway. The contract won by the Luxembourgish-domiciled subsea engineering, construction, and services company is for carrying out the FEED for the marine installations associated with the Norwegian oil and gas project. According to Subsea […]
Subsea 7 said that it will create Seaway 7 ASA, a pure-play renewables company, by merging its renewables business with Norwegian firm Offshore Heavy Transport (OHT) ASA. While Subsea 7 is a subsea engineering, construction, and services company based in Luxembourg that caters to the offshore energy industry, OHT calls itself a specialist transport and […]
Subsea 7, a UK-based subsea engineering, construction, and services company, has bagged a contract for installing a submarine cable system on an undisclosed offshore wind farm in Taiwan. The company did not disclose the exact contract value but indicated it is in the range of $50 million and $150 million. Subsea 7 said that project […]
Subsea 7 has won a contract for work in the Gulf of Mexico pertaining to the engineering, procurement, construction, and the installation of subsea pipelines, and transport and installation works related to an undisclosed project. The UK-based offshore contractor said that the contract will be recorded in backlog in Q2 2020. Without revealing the exact […]