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…
An Italian judge has cleared energy services group Saipem and two former managers from charges of misleading investors in a share sale more than six years ago, judicial sources and lawyers told Reuters on Tuesday.Milan prosecutors had asked the judge to put Saipem…
Saipem 7000 - File Photo - Credit:Saipem Saipem 7000, Saipem's giant semi-submersible crane vessel, tilted in a fjord in Norway with 275 people aboard, the Norwegian news website vg.no has reported.According to the website, which cited eyewitness accounts…
Italian offshore services firm Saipem has won new offshore drilling contracts in the Middle East and Africa worth over $400 million in total.In the Middle East, Saipem has won contracts for two high-spec jack-up drilling rigs units. The contracts…
Norwegian oil and gas company Aker BP has awarded Italy's Saipem an offshore drilling contract worth $325 million.Saipem said Thursday the operations under the three-year contract, to be carried out by the Scarabeo 8 semi-submersible drilling rig…
Troubled energy contractor Saipem will cut costs, sell assets, and scale back green ambitions to focus more on its core oil and gas business after plunging deep into the red last year.The Italian group stunned investors in January when it downgraded…
Italy's Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the energy contractor into issuing a profit warning, two sources close to the matter said on Wednesday.Saipem, a [company…
Italian energy services firm Saipem, which on Monday issued a profit warning that sent its shares down to historic lows, on Friday appointed Eni's Alessandro Puliti as General Manager of the company.Born in Florence in 1963, Puliti has served…
Italian engineering group Maire Tecnimont said on Thursday 'it is not part of any project of integration with Saipem,' after fears of a potential tie up had pushed its shares down 6%.The idea of merging the two companies first emerged several…
Shares in Italian energy services group Saipem slid to their lowest level in three decades after a shock profit warning left leading shareholders scrambling to find a way to bolster the company's finances.At 1045 GMT the shares were down 4%…
Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off.Saipem has…
Italian offshore oilfield services company Saipem has won $1.1 billion worth of offshore contracts in Australia and Guyana with Woodside and ExxonMobil, respectively.In Australia, Woodside has granted Saipem the Notice to Proceed (NTP) for a contract related to the Scarborough project…
Brazilian oil company Petrobras has awarded Italy's Saipem a new contract worth $940 million for the delivery of subsea umbilicals, risers, and flowlines (SURF) for the installation of a rigid riser-based subsea system for a project offshore Brazil…
Italian Saipem has signed a cooperation agreement with the Italian start-up WSense to develop complex communication networks for subsea drones.These multi-purpose intelligent nodes will be designed and qualified by Saipem and WSense to be interfaced…
Italian energy industry engineering and construction firm Saipem has signed a Memorandum of Understanding (MoU) with the Saudi oil giant Saudi Aramco to explore the possibility of forming a new entity for engineering and construction activities…
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