Why are EU antitrust regulators concerned about the Saipem–Subsea 7 merger?

EU antitrust regulators are concerned because the merger may lead to a loss of significant competition in the SURF (subsea umbilicals, risers, and flowlines) services market—where Saipem and Subsea 7 are two of the three market leaders with few credible alternatives—potentially resulting in higher prices and reduced innovation. The European Commission also flagged possible competitive harm in trunkline services and decommissioning of subsea infrastructure markets.

What specific offshore energy service market is most at risk from reduced competition due to this deal?

The SURF (subsea umbilicals, risers, and flowlines) services market is most at risk, as Saipem and Subsea 7 are two of the three market leaders in this sector, and the Commission stated there are few credible alternatives, raising concerns about diminished competition, higher prices, and less innovation.

Saipem, Subsea 7 Deal May Lead to Price Hikes, EU Antitrust Regulators Warn

Jul 22, 2026

The European Commission has launched a full-scale investigation into Saipem's merger with Subsea 7, warning that the deal could reduce competition and increase prices in offshore energy services. A decision on whether to clear the transaction is expected by November 26.

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Saipem, Subsea 7 Deal May Lead to Price Hikes, EU Antitrust Regulators Warn

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Saipem, Subsea 7 Deal May Lead to Price Hikes, EU Antitrust Regulators Warn

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