Subsea 7

Subsea 7 issued further details of the cost reduction programme, following initial guidance provided on 30 April. It is envisaged that the overall reduction in headcount would be approximately 3,000 from the global workforce of 12,000, by the end of the second quarter 2021.  It is anticipated that two-thirds of …

Subsea 7 announces changes to the Executive Management Team, effective from 1 January, 2020. John Evans is now in place as Chief Executive Officer, succeeding Jean Cahuzac who retired at the end of 2019. Jean remains on the Board of the Company as a Non-Executive Director. John has a deep …

Subsea 7 today announced the award of a sizeable(1) contract by Shell for the Pierce depressurisation project, located approximately 160 miles offshore, east of Aberdeen. The contract scope involves the engineering, procurement, construction, transportation and installation (EPCI and T&I) of a 30km gas export pipeline, a gas export riser and associated …

Xodus Group, the engineering and advisory consultancy is welcoming Subsea 7 as a new shareholder. Subsea 7, which will add value through its subsea expertise and experience, has agreed to acquire a 60% interest and existing shareholder, Chiyoda Corporation of Japan, will retain a 40% percent interest. With support from …

Additional support from UK Government (Innovate UK) and National Composite Centre Magma Global is pleased to announce the signing of a joint development agreement with BP and Subsea 7 in a project to qualify Magma’s carbon fibre m-pipe® as the next generation of subsea pipelines. The programme is also supported …

OneSubsea®, a Cameron and Schlumberger company, announced today that they have signed an agreement establishing a worldwide non-incorporated alliance with Subsea 7 to jointly design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems (SPS), subsea processing systems, subsea umbilicals, risers and flowlines …