Saipem and Subsea 7 Agree to Merger Terms to Form Offshore Giant

Saipem and Subsea 7 Agree to Merger Terms to Form Offshore Giant

Saipem and Subsea 7 announced terms for their previously proposed merger to create a giant in the offshore services sector, supporting the oil and gas...

Saipem, Subsea7 Agree Merger

Saipem signed a binding merger deal to acquire Subsea7 and thereafter rebrand into Saipem7, which would operate 'a full spectrum of offshore and onshore se...

Saipem and Subsea7 merger agreement sealed

Italy-based energy company Saipem and Subsea7 have signed a binding merger agreement, forming a new entity in the energy sector.

Windtech International - Saipem and Subsea7 to merge and form Saipem7, headquartered in Italy

Saipem and Subsea7 have entered into a binding merger agreement, confirming the terms outlined in the Memorandum of Understanding signed on 23 February 2025. The combined company, to be named Saipem7. Saipem7 will benefit from complementary capabilities, technologies and geographic reach. No single country is expected to account for more than 15% of the combined backlog. The merged group will also consolidate its vessel fleet and technical portf…