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

Navantia Seanergies Delivers Second Substation Jacket for French OW Farm

Navantia Seanergies Delivers S

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Keyfield Ventures into Indones

EU: 44 Oil and Gas Firms Asked to Provide CO2 Storage Solutions

EU: 44 Oil and Gas Firms Asked

Norway Grants Permit for Equinor’s Drilling Plan in North Sea

Norway Grants Permit for Equin

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine