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Subsea 7 SA

SUBC.OL

Latest Trade

99.08NOK

Change

1.86(+1.91%)

Volume

5,381,766

Today's Range

98.74

 - 

105.35

52 Week Range

77.86

 - 

117.75

As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Subsea 7 CFO says capex level to stay below depreciation rate

Nov 7 (Reuters) - Subsea 7 SA <SUBC.OL> CFO Ricardo Rosa told a conference call on Thursday::EXPECTS CAPEX RATE TO BE BELOW DEPRECIATION RATE FOR THE FORESEEABLE FUTURE.EXPECTS ITS EFFECTIVE TAX RATE TO DECLINE AS PROFITABILITY RISES.

Subsea 7 Awarded Contract Offshore Norway

Oct 31 (Reuters) - Subsea 7 SA <SUBC.OL>::AWARDED CONTRACT OFFSHORE NORWAY.A/S NORSKE SHELL AWARDED ONESUBSEA ENGINEERING, PROCUREMENT, CONSTRUCTION AND INSTALLATION (EPCI) CONTRACT TO SUPPLY SUBSEA MULTIPHASE COMPRESSION SYSTEM.

Subsea 7 Unit Awarded Contract From Equinor Energy

Oct 31 (Reuters) - Subsea 7 SA <SUBC.OL>::CO'S RENEWABLES AND HEAVY LIFTING BUSINESS UNIT HAS BEEN AWARDED A CONTRACT FROM EQUINOR ENERGY AS.WIND FARM IS SCHEDULED TO START PRODUCTION AT END OF 2022.DEAL FOR INSTALLATION OF 11 INNER ARRAY AND TWO EXPORT CABLES ON HYWIND TAMPEN FLOATING OFFSHORE WIND FARM PROJECT.

Subsea 7: Seaway 7 Awarded Contract Offshore Taiwan

Oct 31 (Reuters) - Subsea 7 SA <SUBC.OL>::REG-SEAWAY 7 AWARDED CONTRACT OFFSHORE TAIWAN.ANNOUNCED AWARD OF A SIZEABLE CONTRACT FOR SEAWAY 7 BY JAN DE NUL FOR FORMOSA 2 OFFSHORE WIND FARM PROJECT IN TAIWAN.SUBSEA 7 DEFINES A SIZEABLE CONTRACT AS BEING BETWEEN USD 50 MILLION AND USD 150 MILLION..CONTRACT SCOPE INCLUDES TRANSPORTATION, PRE-PILING AND INSTALLATION OF 47 JACKET FOUNDATIONS FOR WIND TURBINES.SEAWAY 7 WILL EXECUTE WORK IN 2020 AND 2021.

Equinor Awards Hywind Tampen Contracts Worth NOK 3.3 Bln

Oct 31 (Reuters) - Equinor Asa <EQNR.OL>::EQUINOR AWARDING HYWIND TAMPEN CONTRACTS WORTH NOK 3.3 BILLION, READ MORE.ON BEHALF OF GULLFAKS AND SNORRE PARTNERS, EQUINOR TODAY SIGNED CONTRACTS TOTALLING AROUND NOK 3.3 BILLION FOR HYWIND TAMPEN WIND FARM DEVELOPMENT.CONTRACTS HAVE BEEN AWARDED TO KVÆRNER AS, SIEMENS GAMESA RENEWABLE ENERGY AS, JDR CABLE SYSTEM LTD AND SUBSEA 7 AS.AWARDED CONTRACTS WILL GENERATE CONSIDERABLE SPIN-OFFS IN NORWAY.THE WIND FARM IS SCHEDULED TO START PRODUCTION AT THE END OF 2022.MAINTENANCE OF WIND TURBINES WILL BE CARRIED OUT BY SIEMENS GAMESA'S NORWEGIAN SERVICE ORGANIZATION THROUGH ITS 5-YEAR CONTRACT REGARDING WIND TURBINE DELIVERY.

Subsea 7 Awarded Contract Offshore UK

Oct 4 (Reuters) - Subsea 7 SA <SUBC.OL>::REG-SUBSEA 7 AWARDED CONTRACT OFFSHORE UK.CONTRACT BY SHELL FOR PIERCE DEPRESSURISATION PROJECT, LOCATED APPROXIMATELY 160 MILES OFFSHORE, EAST OF ABERDEEN..

4Subsea Acquired by Subsea 7

Oct 3 (Reuters) - Subsea 7 SA <SUBC.OL>::4SUBSEA - TODAY ANNOUNCED THAT IT HAS BEEN ACQUIRED BY SUBSEA 7 <<<SUBC.OL>>> IN A 100% STOCK BUYOUT.4SUBSEA - 4SUBSEA WILL FUNCTION AUTONOMOUSLY WITHIN SUBSEA 7, MAINTAINING AN INDEPENDENT BRAND AND MANAGEMENT TEAM.

Subsea 7 Awarded Contract Offshore Taiwan

Oct 2 (Reuters) - Subsea 7 SA <SUBC.OL>::REG-SUBSEA 7 AWARDED CONTRACT OFFSHORE TAIWAN.AWARD OF A SIZEABLE CONTRACT FOR INSTALLATION OF SUBMARINE CABLE SYSTEM ON AN OFFSHORE WIND FARM PROJECT IN TAIWAN.DEFINES A SIZEABLE CONTRACT AS BEING BETWEEN USD 50 MILLION AND USD 150 MILLION.OFFSHORE ACTIVITIES ARE EXPECTED TO COMMENCE IN 2022.NO FURTHER DETAILS ARE DISCLOSED AT THIS TIME DUE TO CONTRACTUAL OBLIGATIONS.

Subsea 7 Awarded Contracts Offshore Azerbaijan

Sept 30 (Reuters) - Subsea 7 SA <SUBC.OL>::REG-SUBSEA 7 AWARDED CONTRACTS OFFSHORE AZERBAIJAN.CONTRACTS WILL BE EXECUTED IN CONSORTIUM WITH BOS SHELF, WHICH WILL BE RESPONSIBLE FOR FABRICATION, LOGISTICS AND FACILITIES SUPPORT.ENGINEERING WORK SHALL COMMENCE IMMEDIATELY FROM SUBSEA 7'S OFFICE IN FRANCE AND OFFSHORE EXECUTION IS EXPECTED TO TAKE PLACE IN 2021 AND 2022.

Subsea 7: John Evans New CEO

Sept 10 (Reuters) - Subsea 7 SA <SUBC.OL>::REG-SUBSEA 7 ANNOUNCES CEO SUCCESSION.ANNOUNCED THAT JEAN CAHUZAC WILL RETIRE FROM HIS POSITION AS CEO AT END OF THIS YEAR, AND WILL BE SUCCEEDED FROM 1 JANUARY 2020 BY JOHN EVANS, WHO IS CURRENTLY COO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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