Topic: Subsea 7

Subsea 7 cuts global workforce by 25%

Subsea 7 is laying off 3,000 employees and will reduce its active fleet of 32 vessels by up to 10 vessels in response to the corona-induced oil crisis. The drastic measures are expected to deliver...Read more
|Comment|author: Tobias Pieffers

Subsea 7 wins new wind farm project

PRESS RELEASE – Subsea 7 today announced the award of a sizeable contract by Innogy Kaskasi for the Kaskasi offshore wind farm project, located approximately 35 kilometres north-west of Heligoland in the German sector of...Read more
|Comment|author: Tobias Pieffers

Media: Saipem and Subsea 7 consider merger

Saipem and Subsea 7 are considering to merge to weather the still difficult circumstances in the oil and gas services market. If the deal goes through, it would create the fourth-largest oilfield service company, after...Read more
|Comment|author: Tobias Pieffers

Subsea 7 acquires 4Subsea

PRESS RELEASE – Subsea 7 has acquired 4Subsea, a provider of technology and services that help operators maintain production from subsea oil and gas fields and offshore wind farms. 4Subsea will function autonomously within Subsea 7,...Read more
|Comment|author: Tobias Pieffers