U.S. HSR Waiting Periods Expire for Subsea 7–Saipem Merger
3, August 2026
U.S. HSR waiting periods have expired for the proposed Subsea 7–Saipem merger, while competition reviews continue in the European Union and Australia.
Subsea 7
Subsea 7 Profit Rises to $254 Million as 2026 Margin Guidance Reaches 24%
31, July 2026
Subsea 7 reported Q2 2026 net income of $254 million and Adjusted EBITDA of $471 million as its full-year margin guidance increased to approximately 24%.
Saipem-Subsea 7 Merger Enters EU Phase II Investigation
23, July 2026
The European Commission has opened a Phase II investigation into the proposed EUR 21 billion Saipem-Subsea 7 merger over competition concerns in the market for SURF services.
Worley Rosenberg Wins Fram Sør Subsea Fabrication Contract
27, May 2026
Worley Rosenberg has secured a subsea fabrication contract from Subsea 7 for Equinor’s Fram Sør development in the northern North Sea.
Subsea 7 Delivers Solid Q3 Results on Higher Margins and Record Backlog
20, November 2025
Subsea 7 reported higher Q3 earnings with improved margins, strong operational activity and a record $13.9bn backlog, reinforcing visibility for 2026 and 2027.
CADE Probes Saipem–Subsea 7 Merger Amid Petrobras, ExxonMobil, TechnipFMC Objections
26, September 2025
Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
