Subsea7 and OneSubsea, through Subsea Integration Alliance, have secured FEED work from Equinor for the $12 billion Bay du Nord deepwater oil project offshore Canada.
Subsea7 has secured a supermajor contract from Petrobras for the Sépia 2 field in Brazil, covering SURF work for 17 wells and a gas export line in the Santos Basin.
Subsea 7 S.A., PETRONAS Suriname E&P B.V., and the Subsea Integration Alliance have signed a long-term framework for offshore developments in Suriname.
Subsea7 has secured a substantial contract from Noble Energy EG Ltd for subsea installation on the Aseng project offshore Equatorial Guinea, with offshore work starting in 2026.
Subsea7 won a large variation order from TP-OTC for Sakarya Phase 3 in the Black Sea, linking the Goktepe field to the floating production unit with new subsea EPCI work.
Subsea7 CEO John Evans exits on 30 June after 40 years with the group; Seaway7 head Stuart Fitzgerald steps in on 1 July and is also proposed for the Saipem7 set-up if the deal completes.
Subsea7 lifted Q4 2025 adjusted EBITDA to $477 million and proposed a Nkr13 dividend while maintaining 2026 guidance. The Saipem merger still targets completion in H2 2026 pending approvals.
Subsea7 won a sizeable Shell contract for the Kaikias Waterflood project in the Mars-Ursa Basin, including installation of an umbilical, riser and rigid flowline in up to 1,650 m water depth.
Subsea7 has extended its IMR frame contract with Equinor, keeping the 2013-built Seven Viking on subsea inspection, maintenance and repair work across the Norwegian Continental Shelf through year-end 2027.
