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Dive Support/Subsea/ROV

Highlights
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Weak OSV market to improve in 2021, Wintermar says
Jul 24, 2020
The operating condition for the dire OSV industry is expected to improve in 2021 as a recovery is delayed by the coronavirus (COVID-19) pandemic’s impact on oil price, according to Wintermar Offshore.
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Subsea 7 to axe 3,000 workforce and 10 vessels
May 29, 2020
Offshore services firm Subsea 7 will axe approximately 3,000 jobs from its global workforce of 12,000 and reduce its number of active fleet by up to 10, due to a “significant deterioration” in the oil and gas market.