Oil firms ask Brazil antitrust watchdog to intervene in Subsea7–Saipem merger
Reuters·2025-09-23 19:44

Core Viewpoint - Exxon Mobil, Petrobras, and TechnipFMC have requested intervention from Brazil's antitrust regulator Cade regarding the merger of energy contractors Subsea7 and Saipem [1] Group 1: Companies Involved - Exxon Mobil is one of the major oil companies involved in the petition [1] - Petrobras is a state-run oil company in Brazil that is also part of the petition [1] - TechnipFMC is an oil services provider that has joined the request for regulatory intervention [1] Group 2: Regulatory Context - The petition is directed towards Brazil's antitrust regulator, Cade, indicating concerns over competitive practices in the energy sector [1] - The merger between Subsea7 and Saipem is under scrutiny, suggesting potential implications for market dynamics in the energy contracting industry [1]