Wire · regulatory
EU broadens Saipem merger investigation
◆ Geography
Europe
◆ Source
◆ Verified
Fusion42 · 22 July 2026 · Fusion42 review
The EU Commission has opened a Phase II investigation into the proposed Saipem-Subsea7 merger due to competition concerns in offshore oil and gas services. The deeper investigation signals potential obstacles to a deal announced in July 2025.
◆ ◆ The Wire takeaway
If you're a subsea or offshore drilling contractor selling to Saipem or Subsea7, this merger is now uncertain. The EU investigation can kill the deal or force divestitures - either way, your customer's investment plans and contractor preferences change this year.
◆ Coverage
3 sources · first reported 22 Jul 2026 · latest 3 Aug 2026
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m-and-aeu-competitionoffshore-servicesdeal-risk