Italian energy contractor Saipem , which has agreed to merge with Norwegian rival Subsea 7 , said on Tuesday it would resume ...

Saipem closed the 2024 financial year with revenues up 23% to 14.55 billion euros, the engineering giant said Tuesday. Gross ...

Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics ...

Oil futures declined Tuesday, with U.S. benchmark prices falling under $70 a barrel to touch their lowest levels of the year, with the economy and energy demand expected to take a hit from proposed ...

Saipem and Subsea7 have agreed to merge, creating an offshore energy services company called Saipem7 with annual revenue of ...

In recent years, Petrobras has been resorting to awarding engineering, procurement, construction and installation (EPCI) ...

The Minister of Petroleum and Mineral Resources, Engineer Karim Badawy, announced the resumption of development work at the ...

Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange ...

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and ...

Saipem and Subsea7 have reached an agreement in principle on the key terms of a potential merger. The merged company will have a global workforce of over 45,000 people, including more than 9,000 ...

Egypt's petroleum minister Karim Badawi said on Tuesday that drilling work for the development of the Zohr gas field resumed ...

The merger will be structured as a merger of equals with a fixed 50-50 exchange ratio. Saipem will be the surviving entity, ...