SUBCY and Saipem's merger is estimated to have a valuation of $4.63 billion. The combined entity will be renamed Saipem7.

The anticipated upcycle in deepwater drilling has been deferred to 2026 or later due to factors like FPSO lead times, ...

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

After several months of anticipation, on January 31, 2025, the Government of Canada, in partnership with the Government of ...

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 ...

Dutch oil and gas services firm SBM Offshore beat 2025 guidance expectations on Thursday, citing three new awards boosting its contract backlog.

As a leader in offshore energy, Julius Rone, CEO of UTM Offshore, is confirmed to speak at the upcoming Invest in African Energy (IAE) 2025 Forum in Paris. UTM Offshore is currently playing a pivotal ...

SmartSea and Digital Energy AI have formed a strategic partnership to revolutionize how AI enhances operational efficiency, predictive analytics and standardization in the marine and offshore energy ...

Principal Financial Group Inc. lifted its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report) by 18.3% in the fourth quarter, according to the company in its most recent filing ...

As the world increasingly turns towards renewable energy sources to combat climate change, offshore wind farms have emerged ...

Offshore wind company Orsted has finalized the purchase of over 64 acres in Sussex County, Delaware under their subsidiary ...

Siemens Gamesa laid the foundation stone for its factory extension in Le Havre, north-west France, dedicated to the ...