By Maria Júlia Baumert ( November 17, 2025, 22:14 GMT | Insight) -- Petrobras and TechnipFMC have argued to the Brazilian competition authority that the proposed combination of Saipem and Subsea7 should not be assessed under a broad subsea umbilicals, risers and flowlines, or SURF, market definition, but rather under a narrower segment tied to ultra-deepwater engineering and installation services.Petrobras and TechnipFMC have argued to the Brazilian competition authority that the proposed combination of Saipem and Subsea7 should not be assessed under a broad “SURF” — subsea umbilicals, risers and flowlines — market definition, but rather under a narrower segment tied to ultra-deepwater engineering and installation services....
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