Subsea 7 S.A.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Stuart Fitzgerald
- Full Time Employees
- 13,821
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- 412F, route d'Esch London GL United Kingdom 1471
- IPO Date
- Jun 5, 1997
- Website
- subsea7.com
- Similar Companies
- Business
- Subsea 7 S.A. (SUBC.OL) provides subsea engineering, construction and services to the offshore energy industry worldwide. The company delivers full lifecycle solutions including project management, design, engineering, procurement, fabrication, survey, installation and commissioning of subsea production facilities, tie-backs to platforms or shore; remotely operated vehicles and tooling for exploration, production and life-of-field support; procurement and installation of offshore wind turbine foundations and inner-array cables, heavy lifting and transportation for renewables; inspection, repair, maintenance and remote intervention for subsea infrastructure; engineering and advisory services for oil and gas, renewables and utilities; carbon capture, utilization and storage services; lower carbon oil and gas projects encompassing subsea, conventional, life-of-field and electrification; and emerging energies such as offshore wind and hydrogen. Subsea 7 S.A. operates a modern fleet of over 30 vessels, 165 remotely operated vehicles and fabrication facilities including pipeline spoolbases across more than 30 countries, with key regions spanning the Gulf of Mexico, North Sea, Asia Pacific, Africa, Middle East and South America; the company employs approximately 15,000 people and is registered in Luxembourg with operational headquarters in London. Founded in 1993, Subsea 7 S.A. maintains a backlog exceeding $14 billion as of Q3 2025 and focuses on energy transition through lower-carbon initiatives and renewables growth. In July 2025, Subsea 7 S.A. signed a binding merger agreement with Saipem S.p.A. to form Saipem7, a combined entity with €21 billion in revenue, over €2 billion EBITDA and €43 billion backlog, anticipating €300 million in annual synergies from the third year post-completion expected in H2 2026; the deal structures as Saipem absorbing Subsea 7 with 50-50 shareholder ownership, Subsea 7 shareholders receiving 6.688 Saipem shares per Subsea 7 share plus a €450 million extraordinary dividend prior to closing, and Saipem7 listing on Milan and Oslo exchanges. Recent activities include a December 2025 decommissioning contract offshore UK for pipeline flushing, diver support and seabed clearance; Q3 2025 results showing adjusted EBITDA of $407 million at 22% margin and raised full-year guidance; and ongoing projects with Equinor on Visund, Bay du Nord and Sakarya phases.
Company News
Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – Still a Buy?
Subsea7 Expands Sakarya Phase 3 Scope With Latest TP-OTC Contract
Is Subsea 7 (SUBCY) Stock Undervalued Right Now?
Subsea 7 (OTCMKTS:SUBCY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?
Subsea7 Secures New LLOG Contract Award in the Gulf of America
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Subsea 7 S.A. (SUBCY) Q2 2026 Earnings Call Transcript
Saipem, Subsea 7 deal may lead to price hikes, EU antitrust regulators warn
Turkey's competition authority approves Saipem's merger with Subsea7
Saipem, Subsea 7 deal faces EU antitrust investigation, sources say
Australia orders in-depth review of Exxon-opposed Subsea7-Saipem merger
Saipem and Subsea7 Progress Merger Amid Saudi Asset Sale
Brazil antitrust agency approves Subsea7-Saipem merger without restrictions
Subsea 7 S.A. second quarter 2026 earnings call notification
Subsea7 Secures String Music Development Contract in the U.S. Gulf
Subsea 7 awarded contract offshore US
Subsea 7 awarded contract offshore Norway
Subsea 7 S.A. announces changes to Board composition
Subsea 7 S.A. 2026 AGM
Subsea7 awarded contract offshore Angola