Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in ...

Transocean's fleet status report added $175 million in new contracts, but investors were unimpressed, leading to the stock ...

Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 in a deal valued at around $4.86 billion, creating a global company focused on drilling, engineering and construction.

One key factor driving the investment is a desire for economic prosperity and security. Citizens shocked over government's ...

Exxon Mobil’s Australian subsidiary is set to invest close to $200 million into the Kipper 1B gas project. This investment ...

Italian oil services firm Saipem (BIT:SPMI) and Norwegian competitor Subsea 7 (OL:SUBC) are merging in a $4.63 billion deal to form an offshore energy powerhouse. The announcement sent Subsea 7 shares ...

National Ocean Industries Association President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) rescinded NTL ...

Deal comes several years after the companies, active in the offshore oil and gas and offshore wind markets, first explored a ...

The Kristian Siem-backed, Oslo-listed offshore vessel owner and the Italian oil engineering outfit on Sunday announced a merger that will see Saipem issue Subsea 7 shareholders approximately €4.7bn ...

The two contracting giants have reached agreement in principle on key terms of a possible merger through the execution of a ...

In a release sent to Rigzone by the UK Department for Energy Security and Net Zero (DESNZ), the organization announced that ...

Find insight on the proposed merger of Saipem and Subsea7and more in the latest Market Talks covering energy and utilities.