Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Written by Paulo Nogueira

Published on 01/09/2020 at 06:19

Updated on 01/09/2020 at 06:20

Navio lançador de tubos/ linhas Seven Navica Foto: SUBSEA 7

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Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

The scope of Subsea 7’s contract covers project management, engineering, procurement, installation, and pull-in of a rigid subsea flowline and flexible riser, along with flexible flowlines and associated subsea infrastructure and umbilical system.

According to the company, the deal is worth between US$ 50 million and US$ 150 million, and the offshore installation activities are expected to take place in 2021. Subsea 7 also highlighted that, at this time, no further details can be communicated.

Finally, the Contract Will Go to the Third Quarter Order Book.

As a reminder, the engineering and construction specialist reported a quarterly net loss of US$ 922 million in the second quarter of this year. The order book at the end of June was US$ 7.0 billion, of which US$ 2.1 billion is expected to be executed in 2020.

ARTICLE CONTINUES BELOW

Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

Finally, the Contract Will Go to the Third Quarter Order Book.

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Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

Finally, the Contract Will Go to the Third Quarter Order Book.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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