Finance

Subsea 7 falls to $922 million quarterly net loss

Falling in activity in North Sea, Africa and Middle East plus big impairments pull contractor's results into the red

Flagship: Subsea 7's pipelay and heavy-lift construction vessel Seven Borealis
Flagship: Subsea 7's pipelay and heavy-lift construction vessel Seven BorealisPhotos: ULSTEIN SEA OF SOLUTIONS/AEROLIN PHOTO
  • Rob Watts
London
Subsea 7EuropeWestern Europe
Published 29 July 2020, 06:44Updated 29 July 2020, 13:49