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Brazil oil producers appeal CADE's approval of Subsea7-Saipem merger

By Flavia Fortes ( July 9, 2026, 20:26 GMT | Insight) -- Brazil's Association of Oil and Gas Exploration and Production Companies, or ABEP, has appealed the unconditional clearance of the proposed merger between Saipem and Subsea7, arguing the competition authority's investigative arm committed errors in its assessment of the transaction, and asking the agency's Tribunal to either prohibit the deal or impose structural and behavioral remedies.Brazil's Association of Oil and Gas Exploration and Production Companies, or ABEP, has appealed the Brazilian competition authority's unconditional clearance of the proposed merger between oil and gas field services companies Saipem and Subsea7. They argue the watchdog's investigative arm committed errors in its assessment of the transaction, and ask the agency's Tribunal to either prohibit the deal or impose structural and behavioral remedies....

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