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According to Sinochem New Network, recently several major Brazilian oil companies came out together to oppose the merger plan of the country’s two leading oil service firms, and pressured the national antitrust authorities to delay the transaction or split up the relevant business units. It is reported that following the merger of these two offshore service companies, they will form an industry giant focused on deep-sea oil and gas services, occupying a pivotal position in Brazil’s already highly concentrated deep-sea oilfield services market. The Brazilian Stone Industry Association has issued a warning, stating that this merger could lead to increased costs associated with oil and gas development as well as delays in project implementation. It might also force operators to enter into long-term exclusive contracts, thereby reducing competition in the market. A special report submitted by TotalEnergies indicates that the combined new company will own 8 out of the 12 high-performance ships in the world dedicated to specialized operations related to submarine umbilicals, risers, and oil pipelines, and that it will be difficult to completely eliminate the competitive risks associated with this situation, even if remedial measures are taken. ExxonMobil and Brazil’s Petrobras have also called on antitrust authorities to either block the deal or force the merging companies to divest some of their core assets. Although the merging parties expect the transaction to be completed by the end of 2026, Brazil’s antitrust authority has requested additional documentation from the two companies, while also engaging in consultations with regulatory bodies in Brazil and several other countries. Currently, the UK has approved this merger, and the outcome of the review in Brazil will be a crucial factor in determining the final fate of the deal. In recent years, the pace of integration in the global oil service industry has been accelerating, and this incident once again highlights the concerns of oil operators regarding the risks that may arise from the centralization of supply chains.