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 was awarded a FEED study for the PPF project offshore Norway. A SURF option may follow if the project reaches FID and approvals, with installs planned for 2026–2029.
Ocean Installer has secured a NOK 1–2 billion contract from Vår Energi for the Balder Next development, covering project management, engineering, and flexible product supply, with offshore work scheduled for 2027–2028.
Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
