‘Satisfactory’ results for Subsea 7 as takings trimmed
The chief executive of Subsea 7 (OSLO: SUBC) tempered his excitement as the engineering, construction and services group posted its latest results.
John Evans
Subsea 7 plans $100m windfall for shareholders
Subsea 7 (SUBC: OSLO) is planning a $100 million windfall for shareholders in 2022 as it firmly believes “the market recovery is underway”.
Subsea 7 back in profits with ‘significantly higher activity’
Subsea 7 was back in profits with a surge in revenues in the third quarter amid “significantly higher activity”.
Subsea 7, Schlumberger win major Turkish work
Subsea 7 and Schlumberger will work together to provide subsurface equipment to Turkey’s TPAO for the Sakarya field development.
Subsea 7 targets net zero from own operations by 2050
Subsea 7 (OTCM: SUBCY) has revealed plans to achieve net zero emissions from its own operations by 2050.
Subsea 7 reports losses of £750million, warns Covid will impact 2021 results
Subsea 7 has reported a major widening of pre-tax losses and warned that its 2021 results will continue to be impacted by Covid-19.
Subsea 7 sinks to losses of £750m amid thousands of job cuts
Subsea 7 sank to losses of £751million in the first half of the year as it restructures the business with thousands of job cuts.
‘Weaknesses’ in renewables market sink Subsea 7 to a loss
Subsea 7 has sank to a loss due to ‘weaknesses’ and reduced activity in the renewables and heavy lift markets.
New CEO takes over reins at Subsea 7
Subsea 7 has confirmed changes to its executive management team, with John Evans now in place as chief executive.