A MERGER between leading offshore contractors, Subsea 7 and Saipem would create a US$12.4 billion leviathan, according to Rystad Energy, with a market share of close to 40%.
In April, Subsea 7 sought to shake up the sector with a US$2 billion offer to acquire rival McDermott International, but the deal failed to get off the ground. Now there are unconfirmed reports...
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