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The Nordstrom family is taking back control of its store in a $6.25 billion dealLuxembourg – 11 December 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial 1 contract for a subsea tieback development in the US Gulf of Mexico. Subsea7's scope of work includes the engineering, procurement, construction, and installation (EPCI) of subsea equipment, including structures, umbilicals, production risers, and flowlines. Project management and engineering work will start immediately at Subsea7's office in Houston, Texas, with offshore activities expected to begin in 2026. Craig Broussard, Senior Vice President of Subsea7 Gulf of Mexico, said, “ We are proud to be part of this high-pressure deepwater subsea tieback development. This project builds on our strong track record of successfully delivering oil and gas projects in the deepwater Gulf of Mexico .” 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 Tonks Investor Relations Director Tel +44 20 8210 5568 ir@subsea7.com Contact for media enquiries: Ashley Shearer Communications Manager Tel +1-713-300-6792 ashley.shearer@subsea7.com 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 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 11 December 2024 at 23:25 CET. Attachment SUBC Gulf of Mexico Dec 2024Is this the time Nebraska gets past Wisconsin? The teams have played three straight one-score games, each won by the Badgers. Which Husker senior, playing their final game inside Memorial Stadium, goes out with a bang? Amie Just, columnist: Ty Robinson. Luke Mullin, reporter: Robinson spends the whole game in the Wisconsin backfield, finishing with two sacks and even more quarterback pressures. Nate Head, editor: Let's say Isaac Gifford, the Lincoln native, comes down with his first interception of the season. Who leads the way in Nebraska's ever-changing running back rotation this week? Just: Emmett Johnson. Mullin: It's another week of Johnson leading the way, though Dante Dowdell takes over inside the red zone. People are also reading... Recap: Here's how Joey Graziadei will win 'Dancing with the Stars' At the courthouse, Nov. 16, 2024 Zitel bound over to district court in death of child Kidnapping in Nebraska prompted police chase that ended with 3 dead on I-29 in Missouri Beatrice native's latest film gets special engagement in hometown BPS mini-marts offer help They fell in love with Beatrice. So they opened a store in downtown. Chamberlain among seven inducted into Nebraska Baseball HOF Inmate cited for damaging video system Beatrice High School first-quarter honor roll Just Askin': Dana Holgorsen noncommittal on future, ranking a big week for Nebraska Athletics Micheal J's to reopen Former Daily Sun publisher Thomas dies Historical society appoints board members, elects officers At the courthouse, Nov. 9, 2024 Head: Johnson has had two games with at least 10 carries this season. He gets his third Saturday. Close finishes have followed Nebraska lately. At what point in the game will the final result be known? Just: The final buzzer. Mullin: It'll be a one-score game to the end, but a stop from the Nebraska defense with two minutes left seals the win. Head: Late. Wisconsin scores a go-ahead touchdown with four minutes left in the game, and Nebraska's ensuing drive ends in a turnover. Call your shot- which young Husker does Dana Holgorsen plug and play into the offense? Just: Keelan Smith. Mullin: Freshman wide receiver Quinn Clark gets his shot and records a catch too. Head: Clark seems like the obvious choice so I'll mix it up: Carter Nelson. Dante Dowdell rushing yards — 46.5 yards Just: Under. Mullin: Under. Head: Under. Dylan Raiola passing TDs — 1.5 Just: Under. Mullin: Over. Head: Under. Jahmal Banks receiving yards — 32.5 Just: Under. Mullin: Over. Head: Over. Tawee Walker rushing yards — 72.5 Just: Over. Mullin: Over. Head: Over. Braedyn Locke passing yards — 187.5 Just: Under. Mullin: Under. Head: Under. Get local news delivered to your inbox!
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According to data released by the General Administration of Customs, China's exports increased by 8.2% year-on-year, totaling $2.35 trillion, while imports grew by 1.8% to $1.87 trillion. The trade surplus reached $480 billion, registering a 21.4% increase compared to the same period last year.The incident in question took place during a heated protest in which tensions ran high between demonstrators and law enforcement officers. The military personnel in question, whose identity has not been disclosed to protect their privacy, was captured on video restraining and choking a protester during the chaos. The video quickly went viral, sparking outrage and calls for justice from activists and the public alike.
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