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Is the Subsea 7-Saipem Combination Too Powerful for Brazil?
ZACKS· 2025-12-04 17:06
Key Takeaways Brazil's operators warn that the Subsea 7-Saipem merger could alter pricing and project dynamics.Petroleum groups argue that Saipem 7 might dominate SURF work due to control of key deepwater vessels.Cade is gathering global input as Brazil becomes the pivotal arena for the merger's approval.The proposed merger between Subsea 7 S.A. ((SUBCY) and Saipem SpA has sparked a rare unified response from Brazil’s major oil operators, who warn that the deal could reshape competition in one of the world’ ...