Subsea7 has secured a sizable engineering, procurement, construction and installation (EPCI) contract in the U.S. Gulf of Mexico, the company announced Aug. 16. (Source: Shutterstock)
Subsea7 has secured a sizable engineering, procurement, construction and installation (EPCI) contract in the U.S. Gulf of Mexico, the company announced Aug. 16.
The contract is valued between $50 million and $150 million.
The scope of work of the contract includes the offshore EPCI of a water injection flowline, as well as hull piping and associated subsea infrastructure.
Project management and engineering work will start immediately, with offshore activity expected to begin in 2026.
Recommended Reading
Souki’s Saga: How Tellurian Escaped Ruin with ‘The Pause,’ $1.2B Exit
2024-09-11 - President Biden’s LNG pause in January suddenly made Tellurian Inc.’s LNG export permit more valuable. The company’s July sale marked the end of an eight-year saga—particularly the last 16 months, starting with when its co-founder lost his stock, ranch and yacht in a foreclosure.
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
2024-09-20 - Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.
BKV Prices IPO at $270MM Nearly Two Years After First Filing
2024-09-25 - BKV Corp. priced its common shares at $18 each after and will begin trading on Sept. 26, about two years after the Denver company first filed for an IPO.
CSW Increases Common Stock Offering to Repay Debt
2024-09-05 - CSW Industries increased its offering of common stock from 1 million shares to 1.1 million shares at $285 per share.
Investor Returns Keep Aethon IPO-ready
2024-10-08 - Haynesville producer Aethon Energy is focused on investor returns, additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.