Saipem7 closing in on its debut as Brazil clears Saipem-Subsea7 merger

The multibillion-dollar merger between Saipem and Subsea7 has secured Brazil’s blessing, pending divestment of a vessel. This merger is expected to create a major player in the subsea engineering and construction market.

The combined company will have a significant impact on the industry, potentially affecting hiring, career progression, and working conditions for seafarers in the region.