Energy services firm to axe up to 430 UK jobs

Offshore oil and gas services company Subsea 7 has announced it will be cutting up to 430 jobs in the UK. It is part of its plans to reduce its global workforce of 9,200 to around 8,000 by early 2017. That’s “in view of continued difficult business and economic conditions in the oil and gas […]

Statoil signs £51m deal with Subsea 7

Statoil have signed a contract with seabed-to-surface engineering firm Subsea 7 worth £51 million for the transport and installation of a platform at the Svalin C Field, in the North Sea. The deal also includes the building of a 6km gas flowline. Operations are due to begin next year. Stuart Fitzgerald, Subsea 7’s Vice President […]