Offshore

Subsea 7 turned loss into profit in 2021

The offshore company is back in the black after a year in deficit of USD 1.1bn.
Photo: PR/Subsea 7
Photo: PR/Subsea 7
by VIKTOR BRANDT KÆRGAARD

2020 took its toll on Subsea 7, which booked a loss of USD 1.105bn for the year. But whereas waves on the oil market crashed down on the firm as a result of lower prices prompted by the Covid crisis, the situation is now reversed.

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