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]

Core Viewpoint - Saipem's CEO expressed confidence that there are no regulatory risks associated with the planned merger with Norwegian rival Subsea7, dismissing concerns about potential hurdles in the process [1] Company Summary - Saipem is an Italian energy contractor that is pursuing a merger with Subsea7, a Norwegian company in the same industry [1] - The CEO's remarks indicate a positive outlook on the merger's regulatory approval process, suggesting that the company does not foresee significant obstacles [1] Industry Summary - The merger between Saipem and Subsea7 reflects ongoing consolidation trends within the energy contracting sector, as companies seek to enhance their competitive positioning [1] - Regulatory scrutiny is a common concern in mergers and acquisitions, but Saipem's leadership appears to be optimistic about navigating these challenges [1]

Core Viewpoint - The Italian government has conditionally approved the merger between energy contractor Saipem and Norwegian rival Subsea7, indicating a significant development in the energy sector [1] Group 1: Merger Details - The merger between Saipem and Subsea7 has received a conditional green light from the Italian government, which is a crucial step for the companies involved [1]