Subsea 7 ( (GB:0OGK) ) has shared an announcement.
Subsea7 has been awarded a sizeable contract by Equinor for the Northern Lights Phase 2 project offshore Norway, which involves engineering, procurement, construction, and installation of a CO2 pipeline and related infrastructure. This project, supported by a grant from the Connecting Europe Facility for Energy, aims to enhance carbon storage capacity and develop a new value chain for Norway and Europe, strengthening Subsea7’s position in the energy sector.
More about Subsea 7
Subsea7 is a global leader in delivering offshore projects and services for the energy industry, focusing on sustainable and efficient offshore solutions. It is listed on the Oslo Børs and aims to be the industry’s partner and employer of choice.
YTD Price Performance: -4.66%
Average Trading Volume: 49,434
Technical Sentiment Signal: Sell
Current Market Cap: NOK50.07B
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