21/12/2005 (Agence Europe) - The European Commission has granted clearance to the acquisition of joint control of a newly created company by Technip S.A. (Technip) of France and Subsea 7 Pty Ltd (Subsea 7) of Singapore. Technip and Subsea 7 are both active in the engineering, procurement, construction, installation and maintenance of facilities for the underwater production and transportation of oil and gas. The joint venture will provide such services in the Asia Pacific region (except...