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Subsea 7 S.A. Announces First Quarter 2024 Results
Posted on Wednesday April 24, 2024
Luxembourg – 25 April 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2024. First quarter highlights Adjusted EBITDA of $162 million, up 52% on the prior year period, equating to a margin of 12%Backlog remains robust at $10.4 billion, of which $4.8 billion to be executed in the remainder of 2024High tendering activity supports management’s confidence in the
Subsea 7 S.A. notification of major holding
Posted on Friday April 19, 2024
Luxembourg – 19 April 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, on 19 April 2024, Barclays Capital Securities Limited1 informed the Company that it had breached thresholds provided for by Luxembourg’s Transparency Law of 11 January 2008 on transparency requirements for issuers of securities as amended (the “Transparency Law”) as follows: 15 April 2024 On 15 April 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency
Subsea7 awarded contract in the Gulf of Mexico
Posted on Friday April 12, 2024
Luxembourg – 12 April 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizable1 contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico. The project involves the subsea tie back of one production well at Sunspear to the Prince platform, 12 kilometres to the north. Subsea7 will install the flowline and related subsea equipment at 500 metre water depths. Subsea7’s Houston office will oversee project management and insta
Subsea7 awarded subsea contract
Posted on Wednesday April 03, 2024
Luxembourg – 3 April 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract that will be recognised in the backlog of its Subsea and Conventional business unit in the second quarter 2024. The contract is subject to final investment decision, expected in the coming weeks. Offshore activities are scheduled for 2026. No further details are disclosed at this time due to contractual obligations. Subsea7 defines a sizeable contract as being between $50 mil