Company:Subsea 7

Subsea 7 S.A.

Seven Borealis pipelay and heavy lift vessel at anchor off Limassol, Cyprus.
Type	Société Anonyme
Traded as	Short description: Stock exchange located in Oslo, Norway Oslo Stock Exchange Type Stock exchange Location Oslo, Norway Coordinates [ ⚑ ] 59°54′31.31″N 10°44′52.06″E Founded 1819 Owner Euronext Key people Håvard S. Abrahamsen (CEO) No. of listings 220 (May 2017) Market cap NOK 4 644 billion (June 2017) Volume NOK 4.6 billion (2017) Indices OBX, OSEAX Website https://www.oslobors.no Oslo Stock Exchange (Norwegian: Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments. The Euronext consortium of European stock exchanges controls Oslo Stock Exchange as of June 2019. Market Oslo Børs is today an online market place where all trading is done through computer networks. Trading starts at 09:00am and ends at 04:30pm local time (CET) on all days of the week except weekends and holidays declared by Oslo Børs in advance. There are three markets for listing and trading on the stock exchange: Oslo Børs is the largest market place for listing and trading in equities, equity certificates, ETPs (exchange traded funds and notes), derivatives and fixed income products. Established in 1819, first as a commodity exchange. Equities and bonds listed and traded from 1881. Oslo Axess was established in May 2007 as an alternative to Oslo Børs for listing and trading in shares. Nordic ABM was established in June 2005 as an alternative bond market. Merkur Market is a multilateral trading facility and was established in January 2016. The market place is not subject to the Stock Exchange Act or the Stock Exchange Regulations. Merkur Market is best suited for smaller and medium-sized companies or large companies that do not satisfy the admission requirements or do not wish to be fully listed on a regulated market. Oslo Access Oslo Axess is a regulated and licensed market under the auspices of the Oslo Stock Exchange. The purpose is to promote growth among smaller companies, and give them the benefits achieved by having shares traded on a regulated market. General Oslo Axess is intended for companies seeking listing on a regulated market, but that does not meet the requirements for listing on the Oslo Stock Exchange. Investors get protection and a seal of approval by the Oslo Axess, but this will however not be as comprehensive as for companies on the stock exchange. The main target group are small and medium-sized companies, including pre-commercial companies. Oslo Axess provides, like the regular stock exchange, access to capital, awareness, growth and liquidity for all listed companies. It will serve as a springboard for companies with ambitions to be listed on the stock exchange in the future. {{Citation needed|date=November 2011} ices for trade as the Oslo Stock Exchange. Licensing Oslo Axess has a license from the Ministry of Finance to act as a regulated marketplace for trading in Norway . Basically, the same laws as the Oslo Stock Exchange. The first working day of the Oslo Axess was 2 May 2007. See also List of companies listed on Oslo Axess Oslo Stock Exchange Shares Norwegian public limited companies and equivalent foreign companies can apply for their shares to be listed on Oslo Børs or Oslo Axess. It is up to the company itself to apply to be admitted to trading, but the company must meet the applicable requirements, which include the number of owners (range), number of shares, market value and history. To be listed the exchange includes strict requirements on the treatment of confidential information. Companies that meet the requirements for listing can much easier get access to capital through share issues. Many investors only invest in securities listed on a stock exchange, because those papers are easier to sell. Indices OBX – The index comprises the 25 most traded shares listed on Oslo Børs. The OBX index is tradable, meaning that you can buy and sell listed futures and options on the index. Put another way, you can get the same exposure by purchasing an index product as if you buy all the shares (weighted) included in the index. The rating is based on a six-month trading period. The index is adjusted every third Friday in June and December. OSEBX – The Oslo Børs Benchmark Index (Norwegian: Hovedindeks) is an investable index containing a representative selection of all listed shares on Oslo Børs. The OSEBX is revised on a half year basis and the changes are implemented on December 1 and June 1. OSEFX – The Oslo Børs Mutual Fund Index (Norwegian: Fondsindeks) has the same constituents as OSEBX but applies a weight capping to comply with UCITS. History Oslo Børs was established by a law of September 18, 1818. Trading on Oslo Børs commenced on April 15, 1819. In 1881, Oslo Børs became a stock exchange, which means securities were listed. The first listing of securities contained 16 bond series and 23 stocks, including the Norwegian central bank (Norges Bank). Oslo Børs cooperates with London Stock Exchange on trading systems. The exchange has also a partnership with the stock exchanges in Singapore and Toronto (Canada) for a secondary listing of companies. The stock exchange was privatized in 2001, and is, after the merger in 2007, 100% owned by Oslo Børs VPS Holding ASA. Building Oslo Børs Building 2014 The over 190-year-old stock exchange building has been the subject of many long debates about how the building should be managed and designed over the years. Several of Christiania's (the name of Oslo between 1624 and 1925) best known business men fought for years to get approved and funded the construction of a stock exchange in Christiania, the capital of Norway from 1814. In 1823, a building committee was appointed to consider the various suggested drawings at the time. The committee chose the architect Christian H. Grosch's proposal. On July 14, 1826, the Ministry approved the final plans of drawings and budgets. In 1828, it was called Norway's first monumental building, completed on the site called Grønningen, the first public park in Christiania. See also List of companies listed on the Oslo Stock Exchange List of companies delisted from Oslo Stock Exchange List of stock exchanges Oslo Børs Holding References External links Official website
Industry	Engineering
Predecessor	Acergy S.A. Subsea 7, Inc
Founded	2002
Headquarters	Sutton, Greater London, United Kingdom
Area served	Worldwide
Key people	Kristian Siem (Chairman), John Evans (CEO)
Services	Offshore engineering, construction, and project management for the energy industry
Revenue	US $6.297 billion (2013)
Operating income	US $573.4 million (2013)
Net income	US $439.9 million (2013)
Total assets	US $10.357 billion (2013)
Total equity	US $6.612 billion (2013)
Number of employees	9,800 (2015)
Subsidiaries	4Subsea Seaway 7 Xodus Group
Website	www.subsea7.com

Subsea 7 S.A. (stylised as Subsea7) is a Luxembourgish multinational services company involved in subsea engineering and construction serving the offshore energy industry. The company is registered in Luxembourg with its headquarters in London. Subsea 7 delivers offshore projects and provides services for the energy industry.

Subsea7 makes offshore energy transition feasible through working on lower-carbon oil and gas and by providing services for the growth of renewables and other emerging energy industries.

History

The company was formed by the January 2011 merger of two predecessor companies, Acergy S.A. and Subsea 7, Inc.

Acergy was founded in 1970 as Stolt Nielsen Seaway, a division of the Norwegian Stolt-Nielsen Group offering divers for the exploration of the North Sea. After a series of acquisitions, including Comex Services of France in 1992 and Houston, Texas–based Ceanic Corporation in 1998, the company changed its name to Stolt Offshore in 2000. Five years later Stolt-Nielsen spun out the company as an independent business listed on the Oslo Stock Exchange and NASDAQ. The firm renamed as Acergy in March 2006.

Subsea 7, Inc. was the result of a series of mergers between DSND Offshore AS, Halliburton Subsea, Subsea Offshore and Rockwater over an extended period, with Rockwater and SubSea merging in 1999 to form Halliburton Subsea, and the resulting company operating as a 50/50 joint venture with DSND in 2002 with the name Subsea 7. Halliburton exited the joint venture in November 2004. The company was listed on the Oslo Stock Exchange in August 2005 following its restructuring the same year.

On 21 June 2010 the combination of Acergy S.A. and Subsea 7 Inc. was announced and was completed on 7 January 2011. The new entity took the Subsea 7 name while retaining Acergy's Luxembourg domicile and operational headquarters in London. The chairman and chief executive roles were filled by Kristian Siem and Jean Cahuzac, who had previously held the same roles at Subsea 7 and Acergy respectively.

On 24 July 2025 the signing of Subsea7 and Saipem merger agreement was announced. The new entity will take the name Saipem7. Saipem7 will remain incorporated in Italy and headquartered in Milan, and will have its shares listed on both the Milan and Oslo stock exchanges.

Presence

The principal executive office in Sutton, London

The current headquarters for Subsea 7 is located at 40 Brighton Road, Sutton, London.

Subsea 7 global offices
Africa	Americas	Asia/Oceania	Europe
Angola	Brazil	Australia	France
Egypt	Mexico	Indonesia	Luxembourg
Ghana	United States	Malaysia	Norway
Mozambique	Canada	Russia	Portugal
Nigeria		Saudi Arabia	United Kingdom
		Singapore
		United Arab Emirates
		Turkey
		Azerbaijan

See also

• List of oilfield service companies

External links

• Official website