Subsea7 awarded substantial contract
Luxembourg – 23 July 2025 – Subsea7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract.
The project involves the engineering and offshore installation of flexible pipe, umbilicals, subsea equipment and a mooring system.
Project management and engineering activities will begin immediately at Subsea7's office in Houston, Texas, with offshore operations expected to start in 2027.
No additional details will be provided at this time.
(1) Subsea7 defines a substantial contract as being between $150 million and $300 million.
*******************************************************************************
Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
*******************************************************************************
Contact for investment community enquiries:Katherine TonksInvestor Relations DirectorTel +44 20 8210 5568
[email protected]
Contact for media enquiries:Ashley ShearerCommunications ManagerTel +1-713-300-6792
[email protected]
Forward-Looking Statements: This document may contain 'forward-looking statements' (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as 'anticipate', 'believe', 'estimate', 'expect', 'future', 'goal', 'intend', 'likely' 'may', 'plan', 'project', 'seek', 'should', 'strategy' 'will', and similar expressions. The principal risks which could affect future operations of the Group are described in the 'Risk Management' section of the Group's Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 23 July 2025 at 18:20 CET.
Attachment
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Toll Brothers Announces New Luxury Home Community Coming Soon to Briggs Ranch in San Antonio, Texas
SAN ANTONIO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest community, Toll Brothers at Briggs Ranch, is coming soon to San Antonio, Texas. This exclusive Toll Brothers neighborhood will include modern single-family homes on spacious 50-foot-wide home sites within the sought-after Briggs Ranch master plan. Site work is underway, and the community is anticipated to open for sale in fall 2025. Toll Brothers at Briggs Ranch offers a selection of dynamic one- and two-story floor plans ranging from 1,913 to 3,116 square feet with open-concept spaces and outdoor living opportunities. Home shoppers can choose from six distinct home designs with 3 to 5 bedrooms, 2 to 4.5 baths, and 2-car garages, with anticipated pricing from the mid-$400,000s. Each home will be built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known.'Our new Toll Brothers at Briggs Ranch community will offer residents distinctive architecture, versatile floor plans, and outstanding personalization options to create their dream home in this exceptional community,' said Matt Foran, Division President of Toll Brothers in San Antonio. 'With recreational opportunities and everyday conveniences nearby, Toll Brothers at Briggs Ranch will provide luxury living just a short drive from downtown San Antonio.' Residents will enjoy a tranquil, scenic setting with access to an array of amenities including parks, walking trails, and an amenity center. The community is located within the highly rated Medina Valley Independent School District and is close to local shopping, dining, and entertainment options. Toll Brothers at Briggs Ranch will be located at Briggs Ranch and Rustlers Trail in San Antonio. For more information and to join the interest list for Toll Brothers at Briggs Ranch, call (877) 500-0508 or visit About Toll Brothers Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@ A photo accompanying this announcement is available at Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
an hour ago
- Business Upturn
LYNO AI Reports Strong Momentum in Early Bird Presale Ahead of Price Increase to $0.055
By GlobeNewswire Published on August 14, 2025, 00:00 IST ROAD TOWN, British Virgin Islands, Aug. 13, 2025 (GLOBE NEWSWIRE) — LYNO AI is progressing at a rapid pace during its Early Bird presale period, attracting attention from traders and investors. The project's autonomous AI-powered cross-chain arbitrage engine operates across more than 15 EVM-compatible blockchains, contributing to the growing participation in the presale. At this stage, LYNO tokens are priced at $0.050 per token, with a total of 16 million tokens available. More than 265,000 tokens have already been sold, reflecting heightened interest ahead of the upcoming price adjustment to $0.055 per token. Presale Details Highlight Limited-Time Opportunity The Early Bird stage provides participants with the chance to acquire LYNO tokens at the current rate before the planned increase. Key presale data include: Current token price: $0.050 Next stage token price: $0.055 Tokens sold so far: 265,879.247 Total tokens allocated: 16 million Payments can be made via ETH, USDT, or USDC, using supported wallets such as MetaMask and Trust Wallet. Additionally, buyers who purchase more than $100 in LYNO tokens will be entered into the LYNO AI Giveaway for a chance to win one of ten 10,000-token prizes from a 100,000-token pool. Technology Designed for Cross-Chain Arbitrage LYNO AI is an open-source, decentralized protocol that applies advanced machine learning to identify and execute arbitrage opportunities across blockchain networks, including Ethereum, BNB Chain, Polygon, Arbitrum, and Optimism. Its automated system incorporates: Real-time market data aggregation AI-driven scoring and routing of profitable arbitrage opportunities Automated trade execution using flash loans and cross-chain bridges Continuous profit distribution and AI model updates Holders of the $LYNO token have governance rights, enabling participation in protocol-related decisions. Staking options are available, with up to 60 percent of protocol fees distributed to the community. The system includes a buyback and burn mechanism to help manage token supply. Security measures include multi-signature wallets, slippage controls, and zero-knowledge proofs to help prevent front-running and MEV attacks. The protocol has been audited by Cyberscope. Early Participation Encouraged Before Price Change With the Early Bird stage advancing toward its allocation limit, participants have a short window to secure tokens at $0.050 before the next pricing level of $0.055. This presale period offers early access to a decentralized finance protocol integrating AI technology with cross-chain arbitrage capabilities. Additional Information Website: Presale: Win 100k: Contact DetailsLYNO AI [email protected] Disclaimer: This content is provided by LYNO AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Photos accompanying this announcement are available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
an hour ago
- Business Upturn
ConvergX® and GreyLevel Inc. Forge Strategic Partnership to Accelerate Cross-Sector Defence and Aerospace Commercialization Across Alberta, the Yukon, and Canada
WHITEHORSE, YUKON & CALGARY, ALBERTA, Aug. 13, 2025 (GLOBE NEWSWIRE) — ConvergX® , a global cross-sector business congress and integrator connecting defence, aerospace, energy, and technology industries to accelerate cross-sector collaboration, innovation, and market access founded by Kimberley Van Vliet, and a defence technology and security specialist led by Arjun Grewal, have announced a strategic partnership to drive rapid adoption and commercialization of technological solutions from Alberta to the Yukon, with reach across Canada, NATO allies, and it's partner nations. The collaboration will unite Alberta's robust industrial and research ecosystem with Yukon's strategic Arctic testing and operational environment to fast-track the commercialization of dual-use technologies across related industrial sectors. This joint effort will leverage cross-sector synergies — connecting defence, aerospace, space, security, energy, mining, agriculture, manufacturing, motorsports, military, medicine and technology industries — to accelerate deployment of mission-ready capabilities in Canada, NATO allies, and it's partner nations. Aligned with NATO's defence innovation and capability development priorities, the partnership will focus on technologies that meet current and future operational requirements, particularly in Arctic and sub-Arctic conditions. Through integrated commercialization pathways, R&D collaboration, and targeted infrastructure investments, ConvergX® and GreyLevel will ensure Canadian and allied innovations are rapidly tested, validated, and brought to market. 'This partnership represents the very essence of cross-sector innovation and commercialization,' said Kimberley Van Vliet, Founder of ConvergX®, WaVv, and Deputy Chair of the NATO Industrial Advisory Group (NIAG)–Allied Command Transformation (ACT) relationship. 'By combining our networks, expertise, and infrastructure, we are creating a commercialization engine that transforms ideas into operational capabilities, while driving economic growth and job creation across Alberta, the Yukon, Canada, and the NATO alliance.' 'GreyLevel sees enormous potential in merging the industrial capabilities of Alberta with the strategic advantages of the Yukon,' added Arjun Grewal, Canadian Armed Forces Veteran, Founder of GreyLevel and ATC Inc. 'Testing, validating, and commercializing dual-use technologies in some of the world's most challenging environments ensures our solutions are both resilient and operationally relevant.' Key Areas of Collaboration: Commercialization Acceleration – Advancing Technology Readiness Level (TRL) 8 technologies ( ) into market faster through targeted Original Equipment Manufacturer (OEM) engagement and cross-sector collaboration. – Advancing Technology Readiness Level (TRL) 8 technologies ( ) into market faster through targeted Original Equipment Manufacturer (OEM) engagement and cross-sector collaboration. Defence Innovation: Co-development of advanced materials, manufacturing processes, AI-driven defence systems, next-generation sensors, cybersecurity solutions, and dual-use technologies directly supporting Canadian and NATO capability development. Co-development of advanced materials, manufacturing processes, AI-driven defence systems, next-generation sensors, cybersecurity solutions, and dual-use technologies directly supporting Canadian and NATO capability development. Aerospace Innovation: Design and commercialization of Arctic-specialized UAVs, robust satellite communications for remote operations, and aerospace component testing — including sustainable aviation fuels (SAF) aligned with Canadian and NATO climate security priorities. Design and commercialization of Arctic-specialized UAVs, robust satellite communications for remote operations, and aerospace component testing — including sustainable aviation fuels (SAF) aligned with Canadian and NATO climate security priorities. Infrastructure & Commercialization Zones: Creation of specialized testbeds, secure data centres, advanced training and simulation facilities, and logistics hubs positioned for both commercial and NATO partner use. The partnership will leverage Alberta's skilled workforce, research ecosystem and strong industrial base in leading industries such as Energy, Agriculture, Manufacturing, Aerospace & Defence, for manufacturing, prototyping, and system integration, while also engaging its Indigenous and Metis communities. Concurrently, the Yukon's strategic Arctic location will be utilized for critical cold-weather testing, operational validation of technologies, and engagement with Inuit and Indigenous communities, to ensure mutually beneficial development This strategic alliance will be guided by a Joint Steering Committee to ensure alignment with shared objectives and maximize commercialization outcomes. Both companies are committed to co-investment, pursuing government funding, and engaging private capital to scale impact. About ConvergX® ConvergX®, founded by Kimberley Van Vliet, is a global leader in strategic consulting, technology integration, and cross-sector commercialization for defence, aerospace, energy, and critical industries. Through its consulting arm, WaVv Business Development Inc., and the internationally recognized ConvergX® Congress, the company connects industry, government, and innovation ecosystems to accelerate cross-sector/dual-use technology development, market access, Canadian and NATO-aligned defence engagement. ConvergX® is dedicated to fostering transformative partnerships that drive commercialization that enhances national security, economic growth, and international collaboration. About GreyLevel Inc. GreyLevel Inc., founded by Arjun Grewal, is a Canadian leader in defense engineering, project management, and specialized manufacturing for critical infrastructure and aerospace applications. Through its facility, ATC Inc., GreyLevel provides resilient, mission-critical solutions tested and validated under extreme northern and arctic conditions. The company's expertise spans advanced materials, deployable manufacturing, and systems integration, supporting both Canadian and NATO defence priorities with a focus on quality, reliability, and operational readiness. Media Contact: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
