Italy News


Italy's Snam Buys Golar Tundra FSRU for $350M

Jun 01, 2022

Italian gas group Snam has agreed to buy Golar LNG's floating storage regasification unit (FSRU) Golar Tundra for $350 million.The Golar Tundra can operate both as an LNG carrier and as an FSRU. The vessel, built in 2015, has a storage capacity of around 170,000 cubic meters of LNG and a continuous regasification capacity of 5 billion cubic meters per year.In order to maximise its regasification capacity…

Saipem Wins Contract to Install Pipeline off Italy

Aug 02, 2022

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…

Wartsila to Slash Up to 450 Jobs in Italy

Jul 14, 2022

Wartsila  will scale down its manufacturing in Trieste, Italy, in a move that might involve about 450 job cuts, the Finnish engineering group said on Thursday.Wartsila said it plans to centralize its 4-stroke engine manufacturing in Vaasa, Finland…

Snam, Enagas to Study Spain-Italy Offshore Gas Pipeline

May 13, 2022

Italian gas group Snam has agreed with Spain's Enagas to explore the construction of an offshore pipeline between the two countries, as Europe scrambles to diversify its energy supply mix and wean itself off Russian gas.Spain has the largest…

Eni Inks Deal for Egyptian LNG Exports to Europe

Apr 13, 2022

Italy's Eni has signed a framework agreement with the Egyptian Natural Gas Holding Company (EGAS) to provide shipments of Egyptian liquefied natural gas (LNG) for Italy and Europe, the Egyptian government said on Wednesday.'The agreement also…

Eni, Sonatrach Agree on Increased Gas Supplies from Algeria to Italy through Transmed Pipeline

Apr 12, 2022

Italian oil and gas company Eni has signed an agreement with the Algerian Sonatrach to allow Eni to increase the quantities of gas imported to Italy through the TransMed / Enrico Mattei pipeline.The deal to increase the gas flows, under the…

750MW Floating Wind Farms Planned in Sicily, Sardinia

Apr 06, 2022

Copenhagen Infrastructure Partners' CI IV fund and Italy's GreenIT have signed agreements to build two floating offshore wind farms in Sicily and Sardinia.The wind farms are to be located more than 35 km from the coast and will have a total capacity of approximately 750MW…

Italy Plans Two FSRU Units to Cut Russia Gas Reliance

Mar 24, 2022

Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's energy transition minister said on Tuesday.'Today we officially…

Prysmian to Invest 1 Billion Euros in 2022-2024 Period

Mar 23, 2022

Italy's Prysmian said on Wednesday it would invest a total of one billion euros ($1.1 billion) in the 2022-2024 period.The plan - parts of which had already been announced to investors - includes investments for a new submarine cable factory…

Eni Extends Charter for Shelf Drilling Rig Offshore Italy

Dec 17, 2021

Offshore Drilling company Shelf Drilling said Friday it had secured a contract extension for the Key Manhattan jack-up rig.The 18-month extension is in direct continuation of the drilling rig's current contract for drilling operations in the Adriatic Sea offshore Italy…

Snam Buys Stake in Algerian Gas Pipelines from Eni

Nov 29, 2021

Italy's Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe.Europe's biggest gas infrastructure group said on Saturday it would pay energy company Eni 385 million euros ($436 million) for a 49…

Eni Could List More Than 30% of Retail and Renewables Business

Nov 22, 2021

Energy group Eni could list more than 30% of its new retail and renewables business in what is likely to be one of Italy's biggest initial public offerings next year, sources said.The company said last month…

Italy Gets 64 Expressions of Interest to Build Offshore Wind Farms

Nov 19, 2021

Italy said on Friday it had received 64 expressions of interest to build offshore wind farms following a tender launched by the ecology transition ministry.Italy is keen to boost the development of offshore renewable energy plants to help reach…

Van Oord Set to Install Italy's First Offshore Wind Farm

Sep 01, 2021

Dutch offshore installation firm Van Oord has secured a contract to install offshore wind turbines at Italy's first offshore wind farm.The company's offshore installation vessel MPI Resolution has this week set sail to Italy where it will install the monopiles…

Rockhopper vs. Italy: Tribunal Ruling on Offshore Project Expected in July

May 14, 2021

Oil and gas company Rockhopper Exploration said Friday that it had received notice that a final decision in its arbitration against Italy over the Ombrina Mare Field in the Adriatic Sea could come in July.The oil company started arbitration…

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