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.
Petrofac’s operations business secures $500 million in contracts
Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new...
