ExxonMobil, Petrobras and TechnipFMC have raised objections to the planned merger between Italy's Saipem and Norway's Subsea 7, urging Brazil’s antitrust regulator to block the transaction, reported Bloomberg. The companies have formally requested participation in the watchdog’s review, warning that the deal would substantially affect competition in the oilfield services sector and drive prices higher. The concerns highlighted the markets for subsea umbilical, risers and flowlines, as well as the supply ...