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Energy Giants Saipem and Subsea7 Announce $23 Billion Merger Deal

Summary by gCaptain
Saipem and Subsea7 have signed a binding merger agreement to create a global powerhouse in energy services. The resulting entity, to be named Saipem7, will combine the two companies’ complementary...
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gCaptaingCaptain

Energy Giants Saipem and Subsea7 Announce $23 Billion Merger Deal

Saipem and Subsea7 have signed a binding merger agreement to create a global powerhouse in energy services. The resulting entity, to be named Saipem7, will combine the two companies’ complementary...

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gCaptain broke the news in on Friday, July 25, 2025.
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