Italian energy industry services provider Saipem said it has secured a contract worth approximately €300 million for the transport and installation of an offshore gas pipeline offshore Italy.The E&C contract was awarded by Eni subsidiary Enimed…
Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million).Investors this month agreed to fund only 1…
Shares in Italy's Saipem fell as much as 40% on Tuesday after investors subscribed for only 70% of its 2 billion euro cash call, signaling limited confidence in the turnaround plan for the Italian energy services group.Saipem said on Monday it had raised around 1…
Retail investors dumped the rights to buy into a 2 billion euro ($2 billion) cash call at Italian energy services group Saipem on Tuesday, heightening risks for banks that agreed to mop up any unsold shares unless institutional buyers pick up the slack…
Italian offshore energy services company Saipem has confirmed the return to action of its giant crane vessel Saipem 7000, following a tilting incident in Norway in mid-April.Offshore Engineer reported back in May that the 197.95 meters long…
Norwegian oil and gas company Vår Energi on Thursday signed strategic partnership agreements with Aker Solutions AS, Havfram, and Saipem for SPS/SURF deliveries, in preparation for record high activity level on the Norwegian Continental Shelf (NCS)…
Italian oil and gas services company Saipem said Tuesday it had won several contracts, both onshore and offshore, in the Middle East worth approximately $1,2 billion.The first batch of is related to the extension of onshore drilling contracts in the Middle East…
Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil.The sale and purchase of the FPSO…
Italian explorer Eni has reported 'excellent results' from its latest exploration well offshore Ivory Coast, West Africa, resulting in a 25% increase in the resource estimate for the Baleine field. The Baleine East 1X well was the first exploration…
Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances after a profit warning and focuses on offshore drilling.Asset sales…
Italian oilfield services and technology company Saipem will provide its FlatFish subsea drone for Shell's and Petrobras' ultra-deepwater projects in Brazil.Under the contract, Shell and Petrobras will use Saipem's FlatFish subsea drone in two…
Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January…
The Formosa 2 offshore wind project in Taiwan has reached two important construction milestones: the installation of 12 turbines and the successful transmission of power to the national grid.Once fully completed, the project will have 47 8 MW…
Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil…
Saipem's giant Saipem 7000 semi-submersible crane vessel is set to return to operation at the Seagreen wind farm site in the UK a month and a half after it was involved in a tilting incident in Norway.As previously reported, in mid-April, Saipem…
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