What did Turkey's Competition Authority decide regarding Saipem's merger with Subsea7?

Turkey's Competition Authority has approved the merger between Italian energy contractor Saipem and Norwegian rival Subsea7, as confirmed by an update published on the authority's website.

Why is the Saipem–Subsea7 merger significant in the context of Turkey's energy sector?

Both Saipem and Subsea7 are active in Turkey and have separately won contracts for the development of the Sakarya field in the Black Sea—the largest offshore gas discovery in the country—making their merger notable for Turkey’s domestic energy infrastructure efforts.

Turkey's Competition Authority Approves Saipem's Merger with Subsea7

Jul 22, 2026

Turkey's competition authority approved the merger between Saipem and Subsea7, advancing their combined offshore oil and gas services venture despite ongoing antitrust reviews in the EU and other jurisdictions.

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Turkey's Competition Authority Approves Saipem's Merger with Subsea7

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