Saipem and Subsea7 merge to boost oil and gas sector

Saipem and Subsea7, two energy companies, have today withdrawn their request for merger clearance with the Norwegian competition authority, a mere two days before the regulator was supposed to announce whether the deal was to be cleared or sent to in-depth probe. The news come only few days after both companies made a similar move in Germany - withdrawing the request few days before the regulator's decision.

Spotlight on Industry Dynamics: Exxon, Petrobras Raise Red Flags Over Saipem-Subsea7 Merger The planned merger between Saipem and Subsea7 (to form “Saipem7”) is encountering serious pushback from major stakeholders. ExxonMobil, Petrobras, and TechnipFMC have formally petitioned Brazil’s antitrust authority (CADE) to review or block the deal. Key Concerns • The merger could lead to excessive consolidation in the subsea services space (particularly SURF: umbilicals, risers, flowlines), reducing competition. • Exxon warns the deal may leave customers with a “single relevant supplier” for deepwater pipeline installations. • Petrobras argues that nearly 47% of its subsea service capacity currently lies with these two players — heightening the risk of captive pricing or reduced alternatives. • TechnipFMC, a peer in the space, also warns that further consolidation might stifle competition in Brazilian public tenders. Why This Matters • Consolidation at this scale may translate into higher project costs, fewer choices for clients, and reduced innovation in subsea engineering. • The merger’s path now hinges on regulatory approvals, especially in Brazil, where a blocking decision or imposed remedies (e.g. asset divestiture) could reshape the deal. • Italy has conditionally approved the merger, subject to retaining strategic capabilities locally. • Investors must now weigh potential synergies versus regulatory risk and competitive backlash. Call to Action / Conversation Prompt • What are your views on industry consolidation — is scale inevitably coming at the cost of competition? • How do regulators strike the balance between enabling stronger global champions and protecting market access? • For clients in the energy sector: how would reduced supplier choice impact your procurement or project planning? Market Research Future https://lnkd.in/dbkHiJsN #Energy #OilAndGas #Subsea #MergersAndAcquisitions #Saipem #Subsea7 #Petrobras #ExxonMobil #TechnipFMC #EnergyTransition #Deepwater #EngineeringServices #MarketCompetition #RegulatoryWatch #OffshoreEnergy #Procurement #ProjectManagement #EnergyInsights #BusinessStrategy #IndustryNews #LinkedInEnergy

The boards of Sintana Energy Inc. (TSXV: SEI) (OTCQX: SEUSF) and Challenger Energy Group Plc (LON: CEG) (OTCQB:BSHPF) have concluded terms for a proposed #merger. Sintana has built an exploration position #offshore Namibia, while Challenger holds interests in two licenses offshore Uruguay. 👉 Read more at https://lnkd.in/gAQHK4cX.

Shelf Drilling shareholders have overwhelmingly approved the proposed merger with Advanced Energy Systems International Holding, marking a key milestone toward forming one of the world’s largest shallow-water drilling companies. The merger, backed by 99.6% of votes, follows ADES’ revised cash offer of NOK 18.50 per share, valuing Shelf Drilling at NOK 3.9 billion ($380 million). Once completed, the combined group will operate 83 offshore jack-ups with a total backlog of $9.45 billion. Check out the original post 👉🏼 https://lnkd.in/dNHjxCWe #ADES #ShelfDrilling #OffshoreDrilling #Acquisition #OilAndGas #EnergyNews #JackupRigs #MiddleEastEnergy #OffshoreIndustry

Shelf Drilling shareholders have overwhelmingly approved the proposed merger with Advanced Energy Systems International Holding, marking a key milestone toward forming one of the world’s largest shallow-water drilling companies. The merger, backed by 99.6% of votes, follows ADES’ revised cash offer of NOK 18.50 per share, valuing Shelf Drilling at NOK 3.9 billion ($380 million). Once completed, the combined group will operate 83 offshore jack-ups with a total backlog of $9.45 billion. Read more 👉🏼 https://lnkd.in/dNHjxCWe #ADES #ShelfDrilling #OffshoreDrilling #Acquisition #OilAndGas #EnergyNews #JackupRigs ##MiddleEastEnergy #OffshoreIndustry

Sintana, Challenger merger would create southern Atlantic Margin E&P specialist The boards of Sintana Energy and Challenger Energy have concluded terms for a proposed merger. Sintana has built an exploration position offshore Namibia, while Challenger holds interests in two licenses offshore Uruguay https://lnkd.in/gdVMjsdY

Cenovus Energy has purchased 8.5% of all outstanding shares in oil sands player MEG Energy Corp. ahead of a planned C$8.6 billion ($6.17 billion) merger between the two Calgary-based operators. https://lnkd.in/d2qg6QG3

Shelf Drilling Shareholders Clear Merger with ADES The shareholders of Dubai-based Shelf Drilling have approved the proposed cash merger with offshore oil contractor ADES International Holding, following the revised offer the Saudi Arabian firm. Read More: https://lnkd.in/gTHAHv7Q 🔽 Find more info in comments below 🔽 #ShelfDrilling #ADESInternational #OffshoreDrilling #OilAndGas #EnergyMergers #DubaiEnergy #ShallowWaterDrilling #JackUpRigs #GlobalEnergyMarkets #MiddleEastEnergy #EnergySynergies #OffshoreOperations #OilfieldServices #DrillingContractors #EnergyMerger ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

Tamboran and Falcon Oil & Gas signed a definitive merger agreement that they said will create a leading position of about 2.9 million net acres in the Beetaloo sub-basin onshore Australia's Northern Territory. #oilgas #energynews #oilandgas

At the Hart Energy DUG Permian Conference, Dan Pickering shared his outlook on the current M&A landscape — emphasizing the unique opportunity for energy companies to consolidate while the #POTUS led administration encourages free markets and policies that enable strategic growth. 👉 Read the full story: https://heyor.ca/f1TFOR #PickeringEnergyPartners #PEP #financialservices #investmentbanking #strategicadvisory #acquisitions #divestitures #energy #oil #gas #power