Subsea7 has secured a subsea installation contract from LLOG Exploration Company, a Harbour Energy subsidiary, for the Who Dat East development in the U.S. Gulf. Subsea7 classifies the contract as “sizeable,” representing a value between $50 million and $150 million. Who Dat East is located in Mississippi Canyon lease MC 509-1 in approximately 1,300 m of water. The contract covers […]
EnerMech has completed a pipeline flushing and cleaning project for Subsea7 as part of an offshore field decommissioning program in the U.S. Gulf of America/Mexico. The scope involved flushing and cleaning a long-distance deepwater oil export pipeline to support decommissioning and abandonment activities. According to EnerMech, the work was designed to meet regulatory and environmental requirements while […]
Subsea7 has been awarded a contract by Murphy Exploration & Production Company, a subsidiary of Murphy Oil, to support development of the String Music project in the Gulf of America/Gulf of Mexico.
Subsea7 has secured a substantial contract from Vår Eneri for the Goliat Gas Export Project in the Barents Sea offshore Norway.
ABL Group has been appointed marine warranty surveyor (MWS) to support Subsea7 during transportation and installation activities tied to the Mero 3 and Mero 4 offshore Brazil developments in the Santos basin.
Subsea7 has been awarded a major subsea contract by Petrobras for the Sépia 2 development in Brazil’s Santos basin, expanding its presence in the country’s pre-salt sector.
Subsea7 has secured additional contract work from the Turkish Petroleum Offshore Technology Center (TP-OTC) pertaining to the Sakarya field development offshore Türkiye.
Based on end-2024 financial results, the merged company will have approximately EUR 21 billion in revenues and more than EUR 2 billion in EBITDA, and will command a backlog of around EUR 43 billion as of the end of Q1 2025. Annual free cash flow is expected to exceed EUR 800 million.
Australia’s offshore regulator Nopsema has slapped Subsea7 with an improvement notice relating to its multipurpose vessel Seven Pegasus, after some workers onboard contacted Nopsema stating that fatigue is affecting their work.
Subsea7 has won a “substantial” contract for a subsea tieback development in the US Gulf of Mexico for an undisclosed client.
Exact terms of the deal were not revealed, though the Luxembourg-based subsea contractor deems a contract “substantial” when its value falls between $150 million and $300 million.