Oil majors unite to oppose Subsea7-Saipem merger in Brazil antitrust case

Core Viewpoint - Oil majors in Brazil are united in their opposition to the proposed merger between energy contractors Subsea7 and Saipem, prompting an investigation by the antitrust agency Cade [1] Group 1: Industry Response - Major oil companies operating in Brazil have expressed their concerns regarding the merger, indicating a strong collective stance against it [1] - The antitrust agency Cade has requested additional information from Subsea7 and Saipem to further its investigation into the merger [1]