General – Merger
Although it is not a significant surprise, Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7.
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Although it is not a significant surprise, Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7.
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Subsea 7 announced the award of a contract offshore Norway.
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Subsea7 announced the award of a contract by Shell for the Aphrodite gas project offshore Trinidad and Tobago.
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Subsea 7 today announced the award of a subsea contract in West Africa.
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Subsea 7 announced the award of a contract by operator ConocoPhillips for a front-end engineering and design (FEED) study for the Previously Produced Fields (PPF) development project, offshore Norway.
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Subsea7 has been awarded a super-major contract by Petrobras for the Búzios 11 field.
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Subsea 7 announced the award of an engineering, procurement, construction, and installation (EPCI) contract by bp to Subsea Integration Alliance (SIA) for the Ginger project offshore Trinidad and Tobago.
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Subsea7 today announced the award of a contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway.
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Solstad Offshore announced a new contract with Subsea7 for the CSV Normand Subsea.
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After unsuccessful talks about a possible merger in past years, Saipem is considering a combination with its Norwegian rival Subsea 7 in one of the possible biggest deals in the oil industry to create a larger European oil services provider and defend against a downturn in the industry.
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