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.
Petrobras wins approval to resume drilling in Brazil’s Foz do Amazonas frontier
Brazil’s ANP has authorized Petrobras to resume drilling in the Foz do Amazonas offshore frontier...
