15.03.2022 - (PLX AI) – Subsea 7 awarded substantial contract, which the company defines as between USD 150 million and USD 300 million.The award, made to a consortium including Subsea 7, comprises engineering, procurement, construction, and installation (EPCI) .
Subsea 7 (OTCMKTS:SUBCY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday, Zacks.com reports. According to Zacks, “Subsea 7 S.A., formerly known as Acergy S.A., operates as an engineering, construction and services contractor to the offshore energy industry worldwide. The Company […]
The awarded work is required to finalise the technical definition of the proposed development prior to Equinor and its partners making a final investment decision.