Subsea 7 (OB:SUBC) has entered a long term collaboration with PETRONAS in Suriname. The companies have signed a new framework ...

CEO Erik Wiik highlighted a significant revenue increase to $6 million in Q4, marking a 14% sequential rise and a 48% year-over-year improvement. Full-year 2024 revenue reached $23 million, a 48% ...

Rystad Energy’s latest report offers an optimistic outlook for the global subsea market, projecting capital investments to surpass $42 billion by 2027. This growth is anticipated to be fueled by ...

HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), a US-based company, and SubseaDesign AS, a Norway-based company, have formed a strategic alliance to accelerate ...

CEO Doug Pferdehirt highlighted strong financial and operational results, including $2.2 billion in revenue and $356 million in adjusted EBITDA, achieving a 38% year-over-year increase. He emphasized ...

While the Western Isles connection project will include installation of 81 km of subsea cable, the Spittal to Peterhead connection comprises of a 150 km subsea cable. SSEN Transmission has signed ...

The large Wisting and Bay Du Nord oil projects in Norway and Canada, respectively, are the primary focus of a new agreement between the projects' operator Equinor and two global subsea contracting ...

Energy engineering firm Saipem SPA is collaborating with shipbuilder Fincantieri SPA in the field of autonomous subsea vehicles and their integration with surface and underwater units. The two ...

India’s state-controlled Oil & Natural Gas Corporation (ONGC) is set to cancel the tender process for two subsea packages for its Chandrika and GS-49 development off the nation’s east coast. ONGC’s ...

Subsea 7 specializes in offshore engineering and construction, in which the firm handles the majority of operations in offshore projects, from design to fabrication and installation to maintenance. It ...

No-moat-rated Subsea 7 posted solid first-quarter results. Subsea and conventional revenue rose 12% year on year to $1.2 billion, while renewables revenue similarly increased by 12% year on year to ...

Subsea revenue for Q2 is expected to grow in low double digits sequentially, with a 400 basis point improvement in adjusted EBITDA margin. Surface Technologies revenue is projected to increase by ...