European Commission Launches In-Depth Investigation into Saipem and Subsea 7 Merger
The European Commission has initiated a detailed investigation into the proposed merger between offshore engineering firms Saipem and Subsea 7, announced in July 2025. The probe, formally notified on June 16, 2026, focuses on potential anti-competitive effects in the subsea umbilicals, risers and flowlines (SURF) services market within the European Economic Area. The EC preliminarily fears the merger, which would create a combined entity named Saipem7 with nearly €21 billion in revenue, could reduce competition, leading to higher prices and less innovation for oil and gas and carbon capture projects. The investigation will also examine adjacent markets like trunkline services and decommissioning, as well as potential vertical or conglomerate effects. The Commission has until November 26, 2026, to issue a final decision.
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