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Saipem, Subsea 7 and Merger

Seeking Alpha · 1d

Saipem Merger Works Out Favorably For Subsea 7 Shareholders

Explore the Subsea 7 S.A. and Saipem SpA merger offering cost synergies, better vessel utilization, and strong shareholder value. Click for more on SUBCY and SAPMF.

Italy's Saipem reinstates dividend ahead of merger with Subsea 7

Italian energy contractor Saipem , which has agreed to merge with Norwegian rival Subsea 7 , said on Tuesday it would resume paying a dividend after a four-year break.

Hosted on MSN · 3d

Italy’s Saipem to Merge With Norwegian Rival Subsea7 in $4.9 Billion Deal

Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 creating a company focused on drilling, engineering and construction.

GlobalData on MSN · 3d

Saipem and Subsea7 merge to form Saipem7

Saipem and its Norwegian rival did not disclose the financial terms of the deal, which, according to Reuters, is valued at around $4.63bn.

Subsea 7's 2024 profit up 53% as Saipem merger beckons

Oslo-listed energy service group Subsea 7 , which plans to merge with Italian rival Saipem , said on Thursday its core profit rose 53% last year, in line with its previous guidance.

Saipem reveals latest on drilling challenges at delay-hit offshore wind farm

Saipem has overcome problems that delayed installation of the first monopile socket by months at EDF-led Calvados/Courseulles ...

1don MSN

Saipem says fleet expansion is driving Subsea 7 merger

The rationale for a merger between Italy's Saipem and Norway's Subsea 7 is to combine the fleets of the two energy services ...

Saipem targeting $52.4 billion-worth of orders under 2025-2028 strategic plan

Saipem in 2024 was awarded new contracts totalling a record €18.812 billion versus €17.659 billion in the previous year, and ...

4d

Saipem, Subsea7 to Combine in New Energy Services Deal

Energy services and drilling specialists Saipem SpA and Subsea7 SA agreed to combine their businesses as consolidation in the ...

16h

Saipem SpA (SAPMF) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Initiatives

Saipem SpA (SAPMF) reports a significant increase in revenue and EBITDA, alongside strategic moves to enhance future ...

Saipem sets course for new growth with eyes on greater profits

Italian contractor presents optimistic four-year plan as it continues turnaround from heavy losses in 2020 and 2021 ...

Saipem set to merge with Subsea7 to create global energy services giant

Italy’s Saipem and Norway’s Subsea7 have reached an agreement to merge the two companies, to create an industry leader in ...

1d

Saipem Sees 71 Percent Increase in Annual Profit

Saipem reported $321.08 million in net profit for 2024, up 70.9 percent from 2023 helped by higher volumes and the deployment of new rigs.

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