Latest News for SAPMF

EU antitrust regulators are set to open a full-scale investigation into Saipem's merger with Norwegian peer Subsea 7 because of competition concerns, people with direct knowledge of the matter said.

SAPMF is set to secure a $2B FPSO EPCI contract in Indonesia's Kutei Basin, strengthening its floating production market position and backlog.

An Australian watchdog said on Friday the proposed merger between energy contractors Subsea7 and Saipem will proceed to a Phase 2 review, citing concerns that a deal could trim competition in domestic offshore oil and gas projects.

SAPMF advances its SUBCY merger with Brazil's approval while selling its Saudi shallow-water drilling business for $285 million to sharpen its offshore focus.

SAPMF lands a $1 billion offshore deal for the Greater PAJ project from Azule Energy, covering deepwater subsea infrastructure and installation work.
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