Subsea7 has secured a decommissioning contract from Ithaca Energy for the Alba FSU and FPF-1 at the Greater Stella field, 230 km east of Aberdeen, with offshore work starting in Q2 2026.
Brazilian oil companies are urging the national antitrust authority CADE to investigate the proposed Saipem–Subsea7 merger, warning it could reduce competition in the offshore subsea services market.
The Italian government has conditionally approved the proposed merger between Saipem and Subsea7, a move expected to reshape the offshore engineering and subsea services market.
Subsea7 has secured a major offshore contract from Saudi Aramco, involving pipelines and topside upgrades off Saudi Arabia, with offshore work scheduled for 2027–2028.
