Home
Offshore
Saipem, Subsea7 announce merger plans to form Saipem7 in deal worth billions

Saipem, Subsea7 announce merger plans to form Saipem7 in deal worth billions

by Offshore Reporter | Feb 24, 2025 | Offshore

Saipem constellation

Saipem Constellation vessel. Source: Saipem

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.

← Previous Next →

Latest News

TotalEnergies farms out 40% of OPL257 offshore Nigeria to SAPETRO

Oct 30, 2026

TotalEnergies will sell a 40% stake in OPL257 offshore Nigeria to SAPETRO and plans to appraise...

BW Energy pulls capex guidance as rig loss stalls Gabon drilling

Oct 30, 2026

BW Energy has suspended its 2026 capital expenditure guidance, previously $600 million to $650...

Brazil’s ANP overhauls rules for assigning E&P contracts, scraps partnership review committee

Oct 29, 2026

A new resolution replaces the framework in force for more than five years for farm-outs, operator...

Categories