By Saloni Sinha ( August 11, 2026, 07:07 GMT | Insight) -- Energy services company Saipem’s proposed global merger with Subsea7 is likely to substantially reduce competition in the supply of subsea umbilicals, risers and flowlines, or SURF, services in Australia, according to the competition watchdog. In a summary of its notice of competition concerns published on Monday, the Australian Competition & Consumer Commission said it is concerned the deal would combine two of the few SURF suppliers capable of competing for large, complex and technically demanding offshore projects.Energy services company Saipem’s proposed global merger with Subsea7 is likely to substantially reduce competition in the supply of subsea umbilicals, risers and flowlines, or SURF, services in Australia, according to the competition watchdog....
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