Subsea 7 gives update on its worldwide operations

Subsea 7 gives update on its worldwide operations

Subsea 7 today, in relation to its 2Q release, provides an update on its worldwide subsea operation. Activity levels is high the and operational performance is reported good in all regions. In addition, construction of the new North Sea spoolbase in Vigra, Norway was completed and pipeline production operations commenced. Full text

Scottish bank invest in subsea business ISS

2008.04.06 - Subsea Headlines

Bank of Scotland Integrated Finance has invested UK80 million in Aberdeen-based subsea company Integrated Subsea Services (ISS) to enable the business to fast-track its expansion plans.

The overall deal valued at UK143 million will see Bank of Scotland provide new banking facilities, which include refinancing of existing debt, and take an equity stake in the business which is forecast to reach a turnover of UK150 million in three years.




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