Subsea 7 Wins New Contract for Australian Offshore Project

06:46 AM EST, 12/16/2025 (MT Newswires) -- Subsea 7 (SUBC.OL) won a new "substantial" installation contract from Chevron Australia for the Gorgon Stage 3 project offshore Australia. The offshore energy projects company will provide project management, engineering, procurement and other services, according to a Tuesday release. Subsea 7 categorizes a contract valued between $150 million and $300 million as substantial. Offshore operations at the project are scheduled to commence in 2028.