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.
North Sea oil loadings to hit eight-year high as global supply glut builds
North Sea crude exports are set to reach their highest level since 2017, with December loadings...
