Saipem is facing hurdles to finalise an offshore wind project at Courseulles-sur-Mer in France and a contract awarded by Thai Oil (TOP.BK), opens new tab for the expansion of a refinery in Thailand.

Subsea 7 S.A. (OTCPK:SUBCY) is getting merged with Saipem SpA (OTCPK:SAPMF), a pretty similar business though with more onshore EPC activities and also some EPC for other infra projects in the mix.

Saipem SpA (SAPMF) achieved its highest quarterly ... Additional provisions were required for the Courseulles and Thai Oil projects, impacting financial results. The onshore E&C segment faced ...

Investors’ reaction to the proposed merger of Saipem and Subsea 7 has been very subdued — and negative in the case of the Italian player — despite the company’s chief executives ...

Saipem and Subsea7 are highly complementary in terms of market offerings and geographies. The combination would enhance value for shareholders, and all stakeholders, both in the current market and ...