Saipem, Subsea 7 Discussed Tie Up a Few Years Ago

(Photo: Subsea 7)
(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)

Current News

Woodside Revenue Falls on Lower LNG, Oil Prices

Woodside Revenue Falls on Lowe

ABL Gets Neptun Deep Job for OMV Petrom in Black Sea

ABL Gets Neptun Deep Job for O

Petrobras and China’s CNCEC to Collaborate on Oil and Gas, Renewables

Petrobras and China’s CNCEC to

Norway Clears TGS and PGS Merger

Norway Clears TGS and PGS Merg

Subscribe for OE Digital E‑News

Offshore Engineer Magazine