Subsea 7
Subsea 7 News
Subsea7 Nets ‘Substantial’ Contract off Norway
Subsea 7 today has secured a ‘substantial’ contract offshore Norway, worth between $150 million and $300 million.Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet.Project management and engineering will begin immediately at Subsea7’s offices in Stavanger, Norway and Aberdeen…
Subsea7 Secures Contract Extension for Seven Viking Subsea Vessel
Eidesvik Seven Chartering, a joint venture company between Subsea7 and Eidesvik Offshore, has entered into an agreement with Subsea7 to extend the contract for the subsea vessel Seven Viking.Subsea7 declared the remaining option for 2026 and 2027 was added as a firm year in addition to an option for 2028.The 2027 and 2028 rates are based on current market terms. “We are very pleased to see this new…
Subsea7 to Keep Solstad’s Normand Subsea Vessel Busy for Years
Norwegian offshore vessel owner Solstad Offshore has secured a contact with Subsea7 for its subsea construction support vessel (CSV) Normand Subsea.The duration of the contract is two-year firm and three yearly options, with the start on January 1, 2026.On contract with Sbusea7 since 2009, Normand Subsea is a 113-meter-long vessel, built in 2009, featuring VS 471 design.The versatile Inspection, Maintenance and Repair (IMR) vessel is capable of accommodation 90 people.In mid-2024…
Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant
Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue is expected to be around $20.9 billion, and core earnings in excess of $2 billion.Saipem7 will become a global organization of over 45…
Subsea7 Secures IRM Job at Türkiye’s Sakarya Gas field
Offshore services firm Subsea7 has secured a ‘sizeable’ contract by Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea.The contract scope includes project management and engineering executed and managed from Subsea7 offices in Türkiye and Scotland, as well as the provision of equipment…
Seaway7 Secures Inter-Array Cabling Work for East Anglia TWO Offshore Wind Farm
Seaway7, part of the Subsea7 Group, has secured a ‘substantial’ contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia TWO offshore wind project.Seaway7’s scope of work for East Anglia TWO includes the engineering, supply and installation of the 64 inter-array cables.Execution of the scope will be led from Seaway7’s Aberdeen office in the UK…
Solstad Offshore’s Two CSVs Remain on Duty for Subsea7
Norwegian offshore vessel owner Solstad Offshore has secured contract extensions with Subsea7 for two of its subsea construction support vessels (CSVs) – Normand Subsea and Normand Energy.Subsea7 has exercised the 2025 optional charter period for the Normand Subsea.The contract is now firm until December 31, 2025, with no further options thereafter.Normand Subsea has been on contract to Subsea 7 since 2009. It is a 113-meter-long vessel, built in 2009, featuring VS 471 design.
Subsea Vessel Market is Full Steam Ahead
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side…
Seaway7 Gets Baltica 2 Offshore Wind Job
Subsea7's renewables-focused offshore installation subsidiary Seaway7 has secured a ‘sizeable contract’ by PGE Polska Grupa Energetyczna and Ørsted for the transport and installation of the substations for the Baltica 2 offshore wind farm in Poland.Seaway7’s scope includes the transport and installation of four substations. Offshore activity is scheduled to take place in 2026 utilising both heavy lift…
Subsea 7 Pipelay Vessel to be Equipped with Huisman’s Crane
Dutch company Huisman has secured a contract from Subsea 7 for the delivery of its 500MT offshore mast crane for one of pipelay vessels for deep water installations.The 500mt Offshore Mast Crane will be equipped with a passive and active heave compensation system on the main hoist to counter-act the vessel’s heave motion when landing a product onto the seabed.Huisman has upgraded its heave compensation system with a variety of new control modes to extend the operational window…
Talos Inks Three-year Deal with Subsea 7 for US Gulf Projects
Subsea 7 has signed a three-year strategic partnership with Talos Energy to deliver commercial solutions for subsea engineering, construction and installation projects in the U.S.
Yinson Bags $5.3B Deal for its First FPSO Project in Angola
Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”).According to Yinson, the contract is worth about $5.3 billion in total and has a firm period of 15 years from the date of the final FPSO's acceptance.
New Energy Saving System for Subsea 7's Seven Arctic Vessel
Offshore installation services company Subsea 7 said Wednesday that its heavy construction/flex-lay vessel Seven Arctic would be equipped with a new energy-saving system. The new energy-saving and storage system will hybridise the vessel which currently has a total installed power of 27 MW and DP3 classification and is suitable for worldwide operations in water depths up to 3,000 metres. "At the heart…
Miros' WaveSystem for Subsea 7's Petrobras-bound Offshore Vessel Trio
Subsea 7 has awarded Miros Group agreements to install its internet of things (IoT) dry-sensor WaveSystem on three of its pipelay support vessels, ti deliver accurate wave measurements via Miros' cloud-based graphical user interface (GUI) Miros.app.As part of three 3-year contracts and project requirements for the monitoring of wave and current to a water depth of 10 meters, WaveSystem will be installed on Seven Waves…
Keel Laid for Seaway 7's Offshore Wind Installation Vessel 'Seaway Ventus'
A keel-laying ceremony was held earlier this week for Seaway 7’s new offshore wind turbine installation vessel Seaway Ventus.The ceremony was held on Monday, June 6, at the China Merchants Heavy Industry (CMHI) Haimen facility, Nantong.The GustoMSC NG-14000XL-G jack-up vessel was originally ordered by OHT, with which Seaway 7 merged in 2021."This is a very important and satisfying milestone for the Seaway Ventus construction project…
Marlink's Hybrid Network Solution for Subsea 7's Global Fleet
Marlink, a smart network solutions provider, will provide a global hybrid network solution to vessels operated by Subsea 7, a subsea installation giant in the offshore energy industry space.Marlink will provide a secure hybrid network solution to Subsea 7, combining its global Sealink VSAT solution with L-band back-up, global 4G cellular services, and connection to the Tampnet network for operations in the North Sea and the Gulf of Mexico.The contract…
Long-term Contracts with Petrobras for Subsea 7 PLSV Trio
Subsea 7 has announced a very large award by Petrobras for new long-term day-rate contracts for the pipelay support vessels (PLSV) Seven Waves, Seven Rio and Seven…
Seaway 7 Books Siem Offshore Vessel for Seagreen Wind Farm Work
Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide walk-to-work services as part of the construction phase of the Seagreen offshore wind farm, in the UK North Sea, 27km offshore Scotland.Under the contract, the vessel will remain with Seaway 7 for a period of 300 days.
Isle of Man Ship Registry Flags Subsea 7’s Reel-Lay Ship Seven Vega
The Isle of Man Ship Registry registered Subsea 7's newest vessel, Seven Vega.It is the eleventh Offshore Support Vessel built for Subsea 7 to be flagged with the Registry. Seven Vega has been designed to install economical flowline technologies that address the growing market trend towards longer tie-back developments, and sets a new standard for offshore pipelay.While most Subsea 7 vessels store piping and cabling in large carousel holds under deck…
Siem Offshore's Siem Barracuda Nets 100-Day Offshore Wind Deal in Asia
Norwegian offshore vessel owner Siem Offshore and Seaway 7, the renewables business unit of Subsea 7, have entered into a contract for an offshore wind project in the Far East.
