Luxembourg – 29 January 2026 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in the Mars-Ursa Basin, approximately 210 kilometres off the Louisiana coast in the US. The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline in water depths of up to 1,650 metres. Project management and engineering activities will begin ...

Luxembourg – 29 January 2026 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in the Mars-Ursa Basin, approximately 210 kilometres off the Louisiana coast in the US. The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline in water depths of up to 1,650 metres. Project management and engineering activities will begin ...

Group 1 - Helix Energy Solutions Group, Inc. (NYSE:HLX) experienced a share price decline of 5.11% from December 17 to December 24, 2025, ranking among the energy stocks that lost the most during that week [1] - The company announced the retirement of its long-standing President and CEO, Owen Kratz, who has been with the company since 1984 and CEO since 1997, with plans for a smooth leadership transition [3] - Helix Energy Solutions secured a multi-year contract for riserless plug-and-abandonment operations on up to 34 subsea wells in the UK North Sea, highlighting its position as a leading decommissioning provider [4] Group 2 - The contract work is set to begin next year and will involve pipeline flushing, disconnection, and well plug-and-abandonment, showcasing the company's operational capabilities [4] - The Executive Vice President and COO, Scotty Sparks, emphasized the importance of this contract in demonstrating Helix's integrated assets and operational track record in the decommissioning sector [4]

Core Viewpoint - Subsea 7 S.A. has been awarded a significant contract by LLOG Exploration Offshore L.L.C. for the Buckskin South Expansion project, which is located approximately 305 kilometers off the Texas coast, involving subsea umbilical and flowline installation in depths of up to 2,100 meters [1][2]. Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [3]. Project Details - The project management and engineering activities for the Buckskin South Expansion will commence immediately from Subsea 7's Houston office, with offshore operations planned for 2026 and 2027 [2]. - The contract is classified as "sizeable," defined by Subsea 7 as being between $50 million and $150 million [2].

Core Viewpoint - Subsea 7 S.A. has been awarded a significant contract by LLOG Exploration Offshore L.L.C. for the Buckskin South Expansion project, which is located approximately 305 kilometers off the Texas coast, involving subsea umbilical and flowline installation at depths of up to 2,100 meters [1][2]. Group 1: Contract Details - The contract involves the transportation and installation of subsea infrastructure for the Buckskin South Expansion project [1]. - Project management and engineering activities will commence immediately from Subsea 7's Houston office, with offshore operations planned for 2026 and 2027 [2]. Group 2: Company Positioning - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [2]. - The company aims to enhance value from US developments, building on previous successes such as the Salamanca project, which recently achieved first oil [2].

Core Insights - Subsea 7 S.A. has been awarded a significant contract for pre-commitment to procure long lead items for a project in the Norwegian North Sea, with project management and engineering work set to begin immediately in Stavanger, Norway [1][2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services within the energy sector, focusing on creating sustainable value and being a preferred partner and employer in the industry [2] Contract Details - The early commitment to long lead items indicates a strong, trust-based relationship with the operator, facilitating early engagement and fast-tracked development [2]

Core Insights - Subsea 7 S.A. has received a significant extension of an existing frame agreement from Equinor for subsea inspection, maintenance, and repair services for the vessel Seven Viking, which will last until the end of 2027 [1][2] - The extension allows Seven Viking to perform IMR services for Equinor's oil and gas wells located on the Norwegian Continental Shelf, with project management and engineering work continuing from Subsea 7's Stavanger office [2][3] - Erik Femsteinevik, VP of Subsea 7 Norway, expressed appreciation for Equinor's decision to extend the IMR contract, emphasizing the commitment to support safe and efficient operations [3] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [3]

Core Insights - Subsea 7 S.A. has been awarded a large contract by ConocoPhillips Skandinavia AS for the Previously Produced Fields (PPF) development offshore Norway, which includes engineering, procurement, construction, and installation (EPCI) of subsea structures, umbilicals, risers, and flowlines (SURF) [1][3] - The contract follows a previous award for front-end engineering and design (FEED) that finalized the technical definition of the development [1][2] - The project is set to begin engineering and project management immediately, with major offshore campaigns planned for 2027 and 2028 [2] Company and Industry Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and being a preferred partner and employer [4] - The Previously Produced Fields are located in the Greater Ekofisk Area, approximately 290 kilometers southwest of Stavanger, Norway, and will be connected to the existing Ekofisk Complex [2] - The contract is subject to authority approval of the Plan for Development and Operations (PDO) [3]

Core Viewpoint - Helix Energy Solutions Group, Inc. announces the retirement of Owen Kratz, the President and CEO, who has been with the company since 1984 and has led it since 1997, marking a significant transition in leadership for the company [1][2]. Company Overview - Helix Energy Solutions Group, Inc. is an international offshore energy services company headquartered in Houston, Texas, focusing on well intervention, robotics, and decommissioning operations [4]. - The company plays a crucial role in supporting the global energy transition by maximizing production from existing oil and gas reserves and facilitating the decommissioning of end-of-life oil and gas fields [4]. Leadership Transition - Owen Kratz's retirement will ensure leadership continuity, as he plans to remain as CEO until a successor is appointed, emphasizing a smooth transition process [2][3]. - The Board of Directors is committed to selecting a new CEO with proven global business leadership experience, ensuring the company maintains its strategic direction [3]. Contributions and Legacy - Kratz is recognized as a pioneer in the offshore energy services industry, having transformed Helix from a small diving company into a global industry leader over nearly four decades [3]. - His leadership has successfully navigated the company through various business cycles, delivering value to shareholders and clients across multiple fields, including subsea diving, intervention, robotics, construction, exploration and production (E&P), and decommissioning [3]. Future Outlook - The company is well-positioned with a strong balance sheet, which provides opportunities for future growth, as expressed by Kratz in his remarks about the company's potential [3].

Group 1 - Subsea 7 S.A. has agreed to reimburse Siem Industries S.A. for legal costs related to the proposed merger with Saipem S.p.A., totaling under $1 million [1] - The Shareholders' Agreement ensures that Eni S.p.A., CDP Equity S.p.A., and Siem Industries S.A. will vote in favor of the merger, promoting a balanced leadership and governance structure [2] - The transaction is classified as a related party transaction, and Kristian Siem and Louisa Siem abstained from voting on the reimbursement in compliance with SRD II and Luxembourg Company Law [3] Group 2 - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on sustainable value creation [3]