Saipem, Subsea7 cite Petrobras’ power in Brazilian merger defense
By Maria Júlia Baumert ( October 14, 2026, 16:22 GMT | Insight) -- Saipem and Subsea7 have argued that Petrobras’ control over tender design gives the oil company enough bargaining power to discipline suppliers and attract additional competitors, rejecting challenges to the unconditional clearance of their proposed merger given by the Brazilian competition authority's investigatory unit. The filing comes with only two ruling sessions of the authority's Tribunal remaining before the review reaches its final deadline.Saipem and Subsea7 have argued that Petrobras’ control over tender design gives the oil company enough bargaining power to discipline suppliers and attract additional competitors, rejecting challenges to the unconditional clearance of their proposed merger given by the Brazilian competition authority's investigatory unit....
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