Subsea 7 (GB:0OGK) has released an update.
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Subsea 7 has secured a significant contract from Shell Offshore Inc. for a deepwater project in the Gulf of Mexico, valued between $50 million and $150 million. The project will involve engineering, procurement, construction, and installation activities expected to commence offshore in 2026, enhancing Subsea 7’s portfolio in the region. This marks a continued collaboration between Shell and Subsea 7, underlining the latter’s leadership in offshore solutions.
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