Brazil’s Oil Sector Rallies Against Oilfield Services Merger Plan

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Brazil's oil majors are opposing the proposed merger between Subsea7 and Saipem, requesting antitrust regulator Cade to slow down or break up the deal due to concerns about market dominance.

Market Impact

Market impact analysis based on bearish sentiment with 66% confidence.

Sentiment
Bearish
AI Confidence
66%

Article Context

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Oil majors in Brazil have decided they’ve seen enough of the proposed Subsea7–Saipem tie-up, and they’re pushing antitrust regulator Cade to slow it down or break it up. The merger, announced earlier this year, would create a new oilfield services deepwater heavyweight called Saipem7 — a company large enough to matter in any basin, but especially in Brazil, where subsea contractors are already a small club. Cade has now asked both firms for fresh data, saying it still doesn’t have the information it needs to assess…

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Original article published by OilPrice.com on December 3, 2025.
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