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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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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Several Western media have recently reported on the possibility of a merger between bp and Shell.
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According to Reuters, France’s Bureau Veritas and Switzerland’s SGS are in merger talks to create a testing and certification giant worth more than $30 billion that would dwarf competitors.
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Yesterday afternoon at the General Assembly, all IRO members unanimously voted positively to merge with NMT!
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IRO, the association of Dutch suppliers in the offshore energy industry, and Netherlands Maritime Technology (NMT), trade organisation for the Dutch maritime manufacturing industry, are investigating a possible merger.
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Renowned Rotterdam maritime companies HEBO Maritiem Service and Bonn & Mees Floating Sheerlegs announced they are joining forces.
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Seadrill and Aquadrill have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction.
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