Shell Awards a Contract to Subsea 7 for its Sparta Deepwater Project [Yahoo! Finance]
SUBSEA 7 S.A. S/ADR (SUBCY)
NASDAQ:AMEX Investor Relations:
subsea7.com/en/investor-relations.html
Company Research
Source: Yahoo! Finance
SUBCY for its Sparta deepwater development, located in the U.S. Gulf of Mexico. The project is centered at Garden Banks block 959, off Louisiana's southeastern coast, where waters reach depths of up to 1,635 meters. The contract, classified as “sizeable,” will be valued between $50 million and $150 million and will involve transportation and installation of a floating production system. Engineering and project management are slated to begin immediately from Subsea 7's Houston office, while offshore operations are slated to begin in 2027. The Sparta project is London-based supermajor SHEL's 15th deep-water host in the Gulf of Mexico, which is being built following the successful legacy of the four-column semi-submersible host in the Vito
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News
- Connecticut Businesses Making Waves in Offshore Wind Sector [Yahoo! Finance]Yahoo! Finance
- Subsea 7 S.A. (OTCMKTS: SUBCY) was upgraded by analysts at Barclays PLC from a "hold" rating to a "strong-buy" rating.MarketBeat
- https://seekingalpha.com/article/4763009-saipem-probably-leaving-value-on-the-table-in-subsea-7-merger [Seeking Alpha]Seeking Alpha
- Subsea 7 S.A. Announces Fourth Quarter and Full Year 2024 Results [Yahoo! Finance]Yahoo! Finance
- DOF Group ASA (FRA:UV3) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic Moves [Yahoo! Finance]Yahoo! Finance