Luxembourg – 19 December 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract for pre-commitment to procure long lead items for a project in the Norwegian North Sea.Pre-execution project management and engineering work will commence immediately at Subsea7’s office in Stavanger, Norway. Erik Femsteinevik, VP Subsea7 Norway, said: “This early commitment to long lead items reflects the strong, trust‑based relationship with the operator and enables early engagemen ...

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]

Luxembourg – 18 December 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a large1 contract by ConocoPhillips Skandinavia AS (ConocoPhillips) for the Previously Produced Fields (PPF) development, offshore Norway. Subsea7’s scope covers engineering, procurement, construction and installation (EPCI) of subsea structures, umbilicals, risers and flowlines (SURF). It follows the award on 19 May 20252 of a contract for front-end engineering and design that finalised the technical d ...

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) ("Helix†or the "Company†) today announced that Owen Kratz, President and Chief Executive Officer ("CEO†) and member of the Helix Board of Directors (the "Board†), has informed the Board of his intention to retire. Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well interventi ...

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]

Core Insights - Subsea 7 S.A. has been awarded a significant contract by Ithaca Energy for decommissioning services related to the Alba Floating Storage Unit and Greater Stella field FPF-1 production facility, located approximately 230 kilometers east of Aberdeen [1][3] - The decommissioning scope includes flushing subsea pipelines, providing diver support vessel services, and seabed clearance [1] - The contract value is defined as being between $50 million and $150 million, indicating a sizeable project for Subsea 7 [3] Project Timeline - Project management and engineering will begin immediately at Subsea 7's office in Aberdeen, with offshore activities scheduled to start in Q2 2026 [2] Company Expertise and Relationship - Hani El Kurd, Senior Vice President of UK and Global Inspection, Repair and Maintenance at Subsea 7, emphasized the company's three decades of decommissioning expertise and the importance of their longstanding relationship with Ithaca Energy, which began in 2008 [3]

Core Viewpoint - Helix Energy Solutions Group, Inc. is actively participating in several upcoming industry events, showcasing its commitment to engaging with investors and stakeholders in the offshore energy sector [1][6]. Company Overview - Helix Energy Solutions Group, Inc. is headquartered in Houston, Texas, and operates as an international offshore energy services company, focusing on well intervention, robotics, and decommissioning operations [2]. - The company's services are essential for supporting the global energy transition by maximizing production from existing oil and gas reserves, decommissioning end-of-life oil and gas fields, and aiding renewable energy developments [2]. Upcoming Events - Helix will participate in the TD Cowen 2nd Annual Energy Conference in New York on November 19, 2025 [6]. - The company is also set to attend the Daniel Energy Partners New York Executive Series at the Nasdaq MarketSite on December 3, 2025, and the Capital One Securities 20th Annual Energy Conference in New Orleans on December 9, 2025 [4][6]. Financial Performance - In the third quarter of 2025, Helix reported a net income of $22.1 million, or $0.15 per diluted share, a significant improvement from a net loss of $2.6 million, or $(0.02) per diluted share, in the second quarter of 2025 [7]. - The company achieved an Adjusted EBITDA of $103.7 million for the third quarter of 2025, compared to $42.4 million in the previous quarter [7].

Core Insights - Helix Energy Solutions Group, Inc. will participate in the TD Cowen 2 Annual Energy Conference on November 19, 2025, in New York [1] - The company is an international offshore energy services provider focusing on well intervention, robotics, and decommissioning operations [2] Financial Performance - For Q3 2025, Helix reported a net income of $22.1 million, or $0.15 per diluted share, compared to a net loss of $2.6 million, or $(0.02) per diluted share, in Q2 2025 [3] - Adjusted EBITDA for Q3 2025 was $103.7 million, significantly up from $42.4 million in Q2 2025 [3] Contracts and Operations - Helix has been awarded a multi-year contract for production enhancement and well abandonment services in the U.S. Gulf of America, starting in 2026 [6] - The contract includes a minimum commitment of vessel utilization over three years, utilizing either the Q5000 or Q4000 riser-based well intervention vessel [6]

Financial Performance - Revenue for the third quarter of 2025 was $377 million, compared to $342 million in the third quarter of 2024[12] - Net income for the third quarter of 2025 was $22 million, or $015 per diluted share[13] - Adjusted EBITDA for the third quarter of 2025 was $104 million, the highest quarterly Adjusted EBITDA since 2014[13, 16] - Cash and cash equivalents totaled $338 million as of September 30, 2025[13] - Free Cash Flow was $23 million for the third quarter of 2025[13] Segment Results - Well Intervention revenue was $193 million for the third quarter of 2025[23] - Robotics revenue was $99 million for the third quarter of 2025[23] - Shallow Water Abandonment revenue was $75 million for the third quarter of 2025[23] - Production Facilities revenue was $19 million for the third quarter of 2025[23] Market Strategy - Decommissioning accounted for 54% of revenue[16] - Production Maximization accounted for 31% of revenue[16] - Renewables accounted for 13% of revenue[16] 2025 Forecast - Revenue is forecasted to be between $123 billion and $129 billion for 2025[47] - Adjusted EBITDA is forecasted to be between $240 million and $270 million for 2025[47] - Free Cash Flow is forecasted to be between $100 million and $140 million for 2025[47]

Group 1 - Helix Energy Solutions Group, Inc. (HLX) has secured a multi-year contract in the U.S. Gulf of Mexico for production enhancement and well abandonment services, starting in 2026 [2] - The contract involves the use of Q5000/Q4000 intervention vessels, riser systems, and remotely operated vehicles, highlighting Helix's expanding role in offshore decommissioning and production support [2] - Helix Energy Solutions operates globally, providing offshore energy services through its Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments [3] Group 2 - Helix Energy Solutions is recognized as one of the best robotics stocks to buy under $20, indicating significant upside potential [1] - While HLX shows investment potential, certain AI stocks are noted to offer greater upside potential with less downside risk [4]