Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
Eni has appointed Guido Brusco to be its new director general of natural resources, replacing Alessandro Puliti.
Italy’s state-backed lender may push to appoint executives that will join Saipem SpA’s management team after the oil drilling specialist issued a surprise profit warning this week, according to people familiar with the matter.
Saipem and BW Offshore are among a host of companies that have been shamed for sending their vessels to the “infamous shipbreaking beaches of South Asia”.
Saipem chief executive officer Francesco Caio is under pressure from investors after a surprise profit warning Monday sent the oil drilling specialist’s shares to their lowest since 1992.
Italian oilfield services group Saipem has issued a profit warning as supply chain costs rise and project margins in offshore wind and onshore construction deteriorate.
Italian contractor Saipem has entered into a partnership to explore building a carbon dioxide capture and utilisation (CCU) plant.
Eni has spudded the Mlima-1 exploration well, offshore Kenya, in the deepwaters of the Lamu Basin.
Saipem has won two new offshore contracts, in Australia and Guyana, worth $1.1 billion, on the Scarborough and Yellowtail projects respectively.
Hyundai Engineering & Construction and partner Saipem will provide front-end engineering and design (FEED) services for Pertamina’s TPPI Olefin Complex project in Indonesia. Samsung Engineering and partner Technip have also signed a FEED contract for the same project.
Saipem and Hyundai have announced contract wins on the Jafurah development, in Saudi Arabia.
Malaysia’s state-owned energy company Petronas is preparing to take a final investment decision (FID) on its third multi-billion dollar floating liquefied natural gas (FLNG) unit after awarding front-end engineering and design (FEED) contracts. The new-build floater project, dubbed ZLNG, will help solve challenges commercialising gas offshore Sabah in Malaysia.
Saipem has secured a contract with Petrobras worth around £700 million for work offshore Brazil.
Italian energy services company Saipem (IT: SPM) has landed two lucrative offshore contracts.
The Rivers State government has set out plans to bring criminal charges against Saipem, over the company’s alleged shortcomings in delivering power equipment.
Adnoc has signed deals with a number of service providers, including AMEC, Mott MacDonald and Penspen, worth $204.4 million.
The former Bi-Fab fabrication yard at Arnish has landed its first external contact since being taken over by Harland and Wolff earlier this year.
Saipem has signed a memorandum of understanding (MoU) with Saudi Aramco, paving the way for a new national champion.
Global offshore and subsea capital expenditure (capex) recently hit its highest quarterly level for two years, according to an industry database.
A new technological solution that combines offshore green hydrogen production and oil and gas facilities has been developed.
Saipem has won a $510 million contract from Adnoc for work to expand the existing Shah gas plant.
Aberdeen’s Texo Group has bagged a multi-million pound fabrication contract for work on a Scottish offshore wind farm.
Saipem has appointed Francesco Caio as its new chief executive officer (CEO) and general manager.
InfraStrata is hoping to raise more than £13 million having recently secured a major fabrication contract for a Scottish offshore wind farm.
Saipem has issued a warning over its 4 billion euro ($4.8bn) contract for work on Mozambique LNG, following Total’s declaration of force majeure.