Combined company expected to have 20 bln euros in annual revenue Will operate the largest fleet of offshore construction vessels The deal follows a trend in oil service industry consolidation ...

Brazilian state-controlled company Petrobras has received bids from four companies in a tender for the decommissioning of old subsea equipment once linked to six production platforms in the Marlim ...

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.

TAIPEI: Taiwan detained a Chinese-crewed cargo ship on Tuesday (Feb 25) after a subsea telecoms cable was severed off the island, the coast guard said. It is the latest in a series of Taiwanese ...

HANOI — Singapore and Vietnam on Wednesday (March 12) have agreed to enhance co-operation in subsea cables, finance, and energy, marking an upgrade in their relations to Vietnam's highest level ...

A global organisation of over 45,000 people, including more than 9,000 engineers and project managers Highly complementary geographical footprints, competencies and capabilities, vessel fleets and ...

TAIPEI – Taiwan seized a Chinese-crewed cargo ship on Feb 25 after a subsea telecoms cable was severed off the island. It is the latest in a series of Taiwanese undersea cable breakages ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan’s coastguard said it caught a Chinese-owned freighter in the act of cutting a subsea ...

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 ...

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 ...

Subsea 7 or the combined company following the proposed merger of Saipem and Subsea 7 (the "Proposed Business Combination Transaction") or any other financial products or securities, in any place ...

Italian oil services company Saipem is close to a merger with Norwegian rival Subsea7, Italian newspaper La Repubblica on Sunday reported without naming sources. The potential deal would create an ...