In recent years, Petrobras has been resorting to awarding engineering, procurement, construction and installation (EPCI) ...

Technology group Wärtsilä has signed a five-year Lifecycle Agreement with NMDC Group, one of the largest dredging and marine ...

Saipem and Subsea7 have reached an agreement in principle on the key terms of a potential merger. The merged company will have a global workforce of over 45,000 people, including more than 9,000 ...

Shares of energy companies ticked up as traders hedged their bets on the outlook for global trade and military conflicts. President Donald Trump said he was in talks with Russian President Vladimir ...

Core Power, NorthStandard, and Lloyd’s Register (LR) jointly published Advanced Maritime Nuclear: A unique opportunity for ...

Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in ...

Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 in a deal valued at around $4.86 billion, creating a global company focused on drilling, engineering and construction.

Investors’ reaction to the proposed merger of Saipem and Subsea 7 has been very subdued — and negative in the case of the ...

Saipem, an Italian company, has agreed to merge its Norwegian competitor Subsea 7 into a global leader in offshore energy services.

European deals are finally starting to show signs of life, with more than $10 billion of takeovers announced at the start of ...

Britain's Wood Group < WG.L> is back in talks to be acquired by Dubai's Sidara, Financial Times reported, sending shares of the oilfield services and engineering firm up over 30%. Saudi Arabia's ...

OMP was acquired by New York-based EnTrust Global last year in an effort to drum up new business in Scandinavia as bank ...