Italian energy services contracting giant Saipem, which on Sunday confirmed it was in talks to merge with rival Subsea7, is targeting new orders of approximately €50 billion ($52.54 billion ...

Saipem and Subsea7 are highly complementary in terms of market offerings and geographies. The combination would enhance value for shareholders, and all stakeholders, both in the current market and ...

Saipem struck an agreement in principle on the key terms of a potential acquisition of Subsea7, which would result in a combined company called Saipem7. Image by LeManna via iStock Saipem SpA has ...

Italy’s Saipem and Norway’s Subsea7 have reached an agreement to merge the two companies to create an industry leader in global energy services. The two contracting giants said in a joint ...

Saipem (OTCPK:SAPMF) (OTCPK:SAPMY) said Sunday it agreed to merge with rival oilfield services company Subsea7 (OTCPK:SUBCY) (OTCPK:ACGYF) in an all-stock deal valued at ~$4.63B. According to the ...

Italian oil field services provider Saipem has struck a deal to combine its operations with rival Subsea7 in a tie-up worth over $4.6 billion. The new entity, to be named Saipem7, will have ...

Italy’s Saipem and Norway’s Subsea7 have reached an agreement to merge the two companies, to create an industry leader in global energy services. The two contracting giants have reached an agreement ...

The management of both Saipem and Subsea7 share the conviction that there is compelling logic in creating a global leader in energy services, particularly considering the growing size of clients ...

MILAN, Feb 23 (Reuters) - Italian oil services company Saipem SPMI.MI said on Sunday that it will merge with Norwegian rival Subsea 7 (SUBC.OL), opens new tab in a deal valued at about $4.63 billion.

Saipem reported $321.08 million in net profit for 2024, up 70.9 percent from 2023 helped by higher volumes and the deployment of new rigs. Saipem SpA on Tuesday reported EUR 306 million ($321.08 ...

Energy services and drilling specialists Saipem SpA and Subsea7 SA agreed to combine their businesses as consolidation in the sector picks up after years of sluggish activity. The Italian group ...

Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion Transaction expected to deliver material value creation for the shareholders of ...