Subsea 7 thrives with profitable contracts, strong backlog, and a positive margin outlook, driven by strategic project mix ...

Subsea 7's customer base is more focused on international oil firms such as BP , opens new tab and Equinor , opens new tab. Saipem CEO Alessandro Puliti downplayed concerns about regulatory approvals.

Subsea 7 S.A. (OTCPK:SUBCY) is getting merged with Saipem SpA (OTCPK:SAPMF), a pretty similar business though with more onshore EPC activities and also some EPC for other infra projects in the mix.

The CEO of Italy's Saipem group stated on Wednesday that the rationale behind a merger of Italy's Saipem with Norway's Subsea 7 was to combine fleets to better serve customers and reduce costs.

Saipem and rival Subsea 7 to merge in a $4.6 billion deal, shares jump. Open in App ...

Milan, Luxembourg, 23 February 2025 - Saipem and Subsea7 announce that today they have reached an agreement in principle on the key terms of a possible merger of the two companies1 (the "Proposed ...

The rationale for a merger between Italy's Saipem and Norway's Subsea 7 is to combine the fleets of the two energy services companies to service customers quicker and cut costs, the CEO of the ...

Investing.com -- Saipem (BIT: SPMI), the Italian oil services firm, announced on Sunday that it will merge with Norwegian competitor Subsea 7 SA (OL: SUBC) in a deal worth approximately $4.63 ...

MILAN : Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal that will create a leading European supplier of onshore and offshore energy services, the two ...

MILAN/OSLO (Reuters) -Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in offshore energy services. Saipem's shares opened up ...

MILAN/OSLO, Feb 24 (Reuters) - Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in offshore energy services. The combined ...