Saipem, Subsea 7 Discussed Tie Up a Few Years Ago

Wednesday, July 25, 2018
(Photo: Subsea 7)

Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday.

"Some 3-4 years ago, before I became CEO there were contacts and talks that did not work out," Stefano Cao said on a call on second quarter results.

Cao said there was nothing in this direction today.


(Reporting by Stephen Jewkes, editing by Giulia Segreti)

Categories: Mergers & Acquisitions People & Company News Offshore Offshore Energy

Related Stories

ScottishPower, Oasis Marine Study Proves Feasibility of Offshore Charging

ScottishPower, Oasis Marine Study Proves Feasibility of Offshore Charging

Aquaterra Energy to Deliver Well Services Work for North Sea CCS Project

Aquaterra Energy to Deliver Well Services Work for North Sea CCS Project

China Leads the World in Energy Investment

China Leads the World in Energy Investment

Current News

ScottishPower, Oasis Marine Study Proves Feasibility of Offshore Charging

Africa Energy Aims to Start Production in South Africa by 2033

Repsol Hires Halliburton for Well Lifecycle Optimization of North Sea Assets

Aquaterra Energy to Deliver Well Services Work for North Sea CCS Project

Subscribe for OE Digital E‑News

Offshore Engineer Magazine