SOC Subsea 7 S.A.

Subsea 7 S.A. Treasury Shares

Subsea 7 S.A. Treasury Shares
EN
02/10/2020

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Reports on Subsea 7 S.A.

 PRESS RELEASE

Subsea 7 S.A. notification of major holding

Subsea 7 S.A. notification of major holding Luxembourg – 19 April 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, on 19 April 2024, Barclays Capital Securities Limited1 informed the Company that it had breached thresholds provided for by Luxembourg’s Transparency Law of 11 January 2008 on transparency requirements for issuers of securities as amended (the “Transparency Law”) as follows: 15 April 2024 On 15 April 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency Law attached to shares held by Barclays was 22,559 ...

 PRESS RELEASE

Subsea7 awarded contract in the Gulf of Mexico

Subsea7 awarded contract in the Gulf of Mexico Luxembourg – 12 April 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizable1 contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico. The project involves the subsea tie back of one production well at Sunspear to the Prince platform, 12 kilometres to the north. Subsea7 will install the flowline and related subsea equipment at 500 metre water depths. Subsea7’s Houston office will oversee project management and installation engineering, with offshore work schedul...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Limited change in EP spending

After reviewing oil companies’ most recent spending plans, we estimate offshore spending growth of c7% YOY for 2024, in line with our November update. Growth is concentrated, with Petrobras being the key driver, favouring service companies with Brazil exposure. Looking ahead, further spending growth is likely to be partly limited by total spending already being on a par with operating cash flow. Delayed energy transition spending is seen as positive for oil services, while recent E&P consolidati...

Baptiste Lebacq ... (+2)
  • Baptiste Lebacq
  • Jean-François Granjon

ODDO : What if the water deficit undermined energy security?

>Alberta: drought in Canada’s leading oil province - The province of Alberta (Canada) is in a situation of water stress for the fourth consecutive year. On a scale of 1 to 5, the region is currently at stage 4 and if stage 5 were reached the government would be obliged to use directives in order to manage the situation. This province generates significant revenues from the oil and gas industry (around 15% of GDP) and agriculture (wheat, beef, etc.) which are extr...

Baptiste Lebacq ... (+2)
  • Baptiste Lebacq
  • Jean-François Granjon

ODDO : Et si le déficit en eau mettait à mal l’Energy Security ?

>L’Alberta : sécheresse dans la principale province pétrolière canadienne - La province de l’Alberta (Canada) fait face à un stress hydrique pour la 4ème année consécutive. Sur une échelle de 1 à 5, la région est actuellement au stade 4 et si le stade 5 était atteint, le gouvernement serait alors amené à gérer par des directives. Cette province bénéficie de revenus importants en provenance de l’industrie du Oil&Gas (environ 15% du PIB) et de l’agriculture (blé, b...

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