11 articles
Subsea 7 CEO anticipates the EU Commission will resume its antitrust probe into the Saipem merger within 24 hours. The proposed deal aims to establish a leading global provider of offshore oil and gas
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.
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 de
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 juri
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 targets Middle East energy infrastructure repair contracts following $58 billion in estimated war damages. While commodity surges may boost O&G investment, logistical risks remain.
Saipem secured a urea technology license from Mitsubishi Heavy Industries to build a 3,500-ton-per-day fertilizer plant in Turkmenistan, supporting the nation's natural gas downstream expansion.
Saipem has secured a urea technology license from Mitsubishi Heavy Industries to construct a new 3,500 metric tons per day fertilizer plant in Turkmenistan.
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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