Italian oil and gas contractor Saipem cut its 2026 earnings guidance due to Middle East crisis costs and asset sales, lowering adjusted EBITDA forecast to €1.75 billion.
Saipem and Subsea 7 face a full-scale EU antitrust investigation over their merger, driven by competition concerns in offshore oil and gas services that may require asset sales or capacity cuts.
Saipem agreed to sell its Saudi shallow-water offshore drilling business to ADES for $285 million, shifting strategy toward deepwater segments. The deal includes three owned jack-up rigs and expects c
Brazil's antitrust watchdog CADE approved the merger between offshore contractors Subsea7 and Saipem without restrictions, despite opposition from major oil companies concerned about potential cost in
Saipem secured a $425 million contract to install 153 km of subsea pipelines for Turkey's Sakarya gas field, enhancing natural gas production capacity by connecting the Göktürk field to existing facil
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