Subsea 7 S.A.

Subsea 7 S.A. is a Luxembourgish multinational services company specializing in subsea engineering and construction for the offshore energy industry. The company's mission is to create sustainable value by delivering offshore energy transition solutions, facilitating the subsea movement of both hydrocarbon molecules and electrons. While registered in Luxembourg, its operational headquarters are located in London, United Kingdom.

Subsea 7 provides a comprehensive range of services, including project management, design, engineering, procurement, fabrication, survey, installation, and commissioning of subsea production facilities. Key offerings encompass Subsea Umbilicals, Risers, and Flowlines (SURF), conventional services, inspection, repair and maintenance (IRM), heavy lifting operations, and decommissioning of offshore structures. The company serves both the traditional offshore oil and gas sector and the growing renewables market, with significant involvement in offshore wind, carbon capture, utilization, and storage, and emerging energies like hydrogen.

In recent news, Subsea 7 reported robust financial results for the first quarter of 2026, with revenue increasing by 17% year-over-year and net income surging six-fold. The company secured a substantial engineering, procurement, construction, and installation (EPCI) contract from ExxonMobil for a subsea tie-back in Angola in April 2026, and also signed a strategic collaboration agreement with PETRONAS Suriname. As of Q1 2026, Subsea 7 maintains a strong backlog of firm orders valued at $13.5 billion. John Evans currently serves as CEO, with Kristian Siem as Chairman, though Stuart Fitzgerald was promoted to CEO in March 2026, ahead of John Evans' planned retirement in June 2026.