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Subsea7 and Saipem plan to merge into Saipem7, reshaping the landscape of the subsea engineering services market in multiple countries and regions.
Release time:
2026/01/13
In December 2025, two major subsea engineering companies—Subsea7 and Saipem—announced their merger. The new company is expected to achieve annual cost synergies of up to $350 million. The merger will integrate core businesses such as subsea pipeline installation and underwater maintenance, strengthening the company’s market position in deepwater oil and gas development across multiple countries and regions. At the same time, the merger has sparked industry-wide discussions about “oligopolistic dominance” and technological synergy.
In December 2025, two major subsea engineering companies—Subsea7 and Saipem—announced their merger. The new company is expected to achieve annual cost synergies of up to $350 million. The merger will integrate core businesses such as subsea pipeline installation and underwater repair services, strengthening the company’s market position in deepwater oil and gas development across multiple countries and regions. At the same time, this merger has sparked industry-wide discussions about “oligopolistic dominance” and technological synergy.
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