July 17 - Subsea 7 has signed an agreement with KBR to collaborate in the delivery of concept and front end engineering and design (FEED) services to the global offshore oil and gas industry.

Within the co-operation agreement, KBR subsidiary Granherne will support Subsea 7 on concept and FEED studies and Subsea 7 will assist Granherne with subsea engineering and technology.

The alliance will operate on a global basis using the existing resources of the two companies, with the decision to collaborate being made on a project-by-project basis.

Subsea 7 ceo Jean Cahuzac said that the alliance "is key to assisting the offshore oil and gas industry to adapt to the lower oil price environment."

This collaboration comes hot on the heels of another agreement signed by Subsea 7 and OneSubsea, which will see the two companies jointly design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems, subsea processing systems, subsea umbilicals, risers and flowlines systems and life-of-field services.