Saipem and Subsea7 have announced a memorandum of understanding (MoU) has been reached for a likely mega-merger to join the two companies. The entity will be renamed Saipem7, and the deal is expected to deliver significant value to shareholders of both Saipem and Subsea7.
Windfall tax stays: UK decision alarms North Sea oil and gas producers
The UK will keep its North Sea windfall tax in place until 2030, according to the Office for...
