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8 stories mentioning SUBC.OLUpdated 16d ago

Every FINWIRES story that references SUBC.OL, newest first.

Equities

Subsea 7 Bags Contract for Murphy Exploration & Production's US Gulf Project

Subsea 7 (SUBC.OL) secured a contract to work on Murphy Exploration & Production Co.'s String Music development in the US Gulf, according to a Tuesday release.Under the contract, which is worth between $50 million and $150 million, the subsea engineering company will provide engineering, procurement, construction, and offshore installation services, with some works to be done in water depths of up to 1,850 meters.Offshore operations at the project are scheduled for 2027.

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Equities

Subsea 7 Wins Engineering Contract from Vår Energi

Subsea 7 (SUBC.OL) said Friday it secured a substantial contract from Norwegian oil and gas company Vår Energi (VAR.OL).The agreement includes engineering, procurement, construction and installation work for a 12.7-kilometer, 10‑inch uninsulated carbon steel pipeline, as well as associated subsea infrastructure for Vår's Goliat gas export project in offshore Norway.The subsea engineering company will start project management and engineering activities immediately, with offshore operations expected from 2027 to 2028.

$SUBC.OL$VAR.OL
Research

Oddo BHF Boosts Subsea 7 PT, Maintains at Underperform

Oddo BHF on Monday raised its price target for subsea engineering group Subsea 7 (SUBC.OL) to 240 Norwegian kroner from 190 kroner, while keeping its underperform rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

DNB Carnegie Downgrades Subsea 7 to Hold, Lifts PT

DNB Carnegie on Monday downgraded offshore engineering and construction services provider Subsea 7 (SUBC.OL) to hold from buy, while raising its price target to 325 Norwegian kroner from 315 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$SUBC.OL
Equities

Subsea 7 Alliance Secures Contract with ExxonMobil for Project Offshore Angola

Subsea 7 (SUBC.OL) said Thursday its Subsea Integration Alliance with SLB OneSubsea secured a contract for an ExxonMobil project offshore Angola.The engineering, procurement, construction, and installation contract is valued between $150 million and $300 million. It will involve work on a subsea tie-back linked to the redevelopment of the Likembe project in Block 15.The Norwegian subsea engineering group will oversee project management and engineering under the contract, while its partner SLB OneSubsea will execute the umbilical scope.

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Research

Fearnley Securities Downgrades Subsea 7 to Hold, Boosts PT

Fearnley Securities on Monday downgraded offshore engineering and construction services provider Subsea 7 (SUBC.OL) to hold from buy while raising its price target to 302 Norwegian kroner from 248 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

SEB Bank Downgrades Subsea 7 to Sell Rating, Lifts PT

SEB Bank on Thursday downgraded offshore projects company Subsea 7 (SUBC.OL) to sell from buy and raised the price target to 300 Norwegian kroner from 294 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$SUBC.OL
Research

Barclays Downgrades Subsea 7 to Equalweight, Boosts PT

Barclays on Monday downgraded offshore projects company Subsea 7 (SUBC.OL) to equal weight from overweight and raised the price target to 390.00 Norwegian kroner from 310.00 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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