Subsea 7 expects no recovery until 2020
![Photo: Subsea 7](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article6850284.ece/ALTERNATES/schema-16_9/Subsea%25207%2520Acergy%2520Discovery%252020153.jpg)
A large part of Luxembourg-based Subsea 7's fleet was utilized in the third quarter of this year, however, it was not enough to compensate for lowered contract pricing and diminished activity in renewable energy and heavy lifting.
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