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.
Petralon to boost Nigerian offshore production by 2,500 bpd
African E&P Petralon Energy is on track to boost Nigerian crude production by a further 2,500...
