Italy's Saipem, Norway's Subsea 7 to create energy services leader
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 group, to be renamed Saipem7, will have an order backlog of 43 billion euros ($45 billion),
Saipem and Subsea 7 Announce $4.63B Merger, Creating Offshore Energy Giant
Italian oil services firm Saipem (BIT:SPMI) and Norwegian competitor Subsea 7 (OL:SUBC) are merging in a $4.63 billion deal to form an offshore energy powerhouse. The announcement sent Subsea 7 shares soaring over 7%
Italy’s Saipem to Merge With Norwegian Rival Subsea7 in $4.9 Billion Deal
Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 creating a company focused on drilling, engineering and construction.
Subsea7 to Merge With Saipem, Create Offshore Energy Services Giant
Subsea7 S.A. SUBCY, an offshore engineering and construction services provider, recently announced that it has agreed on the key terms for a potential merger with Saipem S.p.A, an Italian oilfield services firm.
Saipem, Subsea7 to Combine in New Energy Services Deal
Energy services and drilling specialists Saipem SpA and Subsea7 SA agreed to combine their businesses as consolidation in the sector picks up after years of sluggish activity.
Saipem announces agreement in principle for merger with Subsea7
Saipem and Subsea7 have announced that they have reached an agreement in principle on the key terms of a possible merger of the two companies through the execution of a Memorandum of Understanding (MoU).
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Deepwater Drilling's Delayed Rebound and the Future of Offshore Energy
The anticipated upcycle in deepwater drilling has been deferred to 2026 or later due to factors like FPSO lead times, ...
Vineyard Offshore cuts 50 jobs amid 'market uncertainty.' What it means for Vineyard Wind.
Vineyard Offshore, which is behind the Vineyard Wind 2 project, has eliminated 50 jobs. Here's why, and what it means for ...
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What Trump’s Offshore Wind Energy Freeze Could Cost States
If it remains in place, the president’s order will add deep uncertainty to the future of a nascent industry that could ...
SBM Offshore beats growth estimates, shares at 14-year-high
Dutch oil and gas services firm SBM Offshore beat 2025 guidance expectations on Thursday, citing three new awards boosting its contract backlog.
Trump creates council for ‘energy dominance,’ boosts natural gas exports and offshore drilling
President Donald Trump has signed an executive order formally creating a National Energy Dominance Council and directed it to ...
California policymakers say they’re undeterred by Trump opposition to offshore wind
We acknowledge uncertainties,” but cite state’s economic strength and targets that extend beyond Trump’s term.
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Following Trump’s executive order, New Hampshire House votes to roll back offshore wind‬
HB 682 would remove “offshore wind industry development” from the Office of Offshore Wind Industry Development and Energy ...
UK Moves to Ease Offshore Wind Rules to Boost Renewables Rollout
The UK government unveiled reforms to speed up the rollout of renewable energy projects such as offshore wind as it targets a clean power system by 2030.