Italy News


Saipem Joins Italian Offshore Wind Farm Project

Aug 25, 2020

Italian engineering and construction company Saipem, known for its offshore oilfield and drilling services, is increasing its involvement in the offshore wind sector.After securing several offshore wind installation contracts for its Saipem 7000 heavy lift vessel, the company on Tuesday announced another offshore wind push, this time as a developer of an offshore wind farm.Namely, Saipem said Tuesday that it would…

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…

Fincantieri, Saipem in Deep-Seabed Mining Tie-up

Aug 04, 2020

Italian shipbuilding firm Fincantieri, and its compatriot energy services company Saipem have signed an agreement to promote the development of deep-seabed mining (DSM), i.e. the sustainable exploitation of deep-sea floors over 3,000 meters in depth…

Eni Names CFO

Aug 03, 2020

Italian oil and gas company Eni has named Francesco Gattei as its Chief Financial Officer.In 2019, Gattei moved to Houston to become Eni's Upstream Director of the Americas, managing the E&P business in the USA, Mexico, Venezuela, and Argentina…

Saipem Paints Gloomy Outlook for the Year

Jul 29, 2020

Italian energy services group Saipem painted a gloomy outlook for the year after reporting a net loss of 616 million euros ($723 million) in the second quarter following writedowns.The company said the industry faced uncertain demand for oil and gas…

Italian Prosecutors Seek Jail Time for Eni, Shell Execs over Nigeria Bribery Case

Jul 22, 2020

Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria.In one of the oil industry's biggest alleged scandals…

Altrad to Assist with Tolmount Platform Hook-Up

Jun 19, 2020

Industrial services provider Altrad has won a contract with Rosetti Marino to assist with the hook-up and commissioning of Premier Oil's Tolmount offshore gas platform in the Southern North Sea, offshore the UK.Under the contract, Altrad will be responsible for the provision of temporary access…

Eni Splits Business into Renewables and Oil & Gas

Jun 05, 2020

Italian oil major Eni said on Thursday it was creating a division to focus on renewable energy, as part of a corporate reorganization.The overhaul, which Reuters reported on Wednesday, follows industry-wide upheaval as the coronavirus pandemic…

Saipem Nets Offshore Engineering Services Deal with Equinor

May 26, 2020

Italian provider of oilfield and renewable energy services Saipem has signed a two-year frame agreement with Norway's Equinor covering offshore engineering services worldwide.Per Saipem's statement on Tuesday, The frame agreement covers feasibility and conceptual studies…

Eni's Descalzi Gets Another Term as CEO

May 15, 2020

Italian oil and gas company Eni has given Claudio Descalzi another term as Chief Executive Officer and General Manager. Descalzi, who has been with Eni in various roles since 1981, has been Eni’s CEO since May 2014. Also, Eni has appointed Lucia Calvosa…

Saipem, CDP Sign Energy Transition Agreement

May 06, 2020

Italian energy contractor Saipem has agreed with state lender Cassa Depositi e Prestiti (CDP) to study the development of energy transition projects in Italy and abroad.In a joint statement on Wednesday, the two groups said the agreement was focused on carbon-cutting initiatives…

Eni Slashes Output, Spending Targets

Apr 24, 2020

Italian energy group Eni lowered its forecast for production and investments on Friday as the coronavirus crisis has driven down oil and gas demand and hammered crude prices.In a statement on first-quarter results, it said it would spend about…

Saipem Unable to Offer Guidance after Coronavirus, Oil Collapse

Apr 23, 2020

Italian oil services group Saipem said on Thursday it could not offer new guidance for the year because of the highly unstable environment created by the COVID-19 pandemic and falling oil prices.Last week the group pulled its 2020 outlook saying…

Italy Govt Proposes New Term of Office for Eni, Enel CEOs

Apr 21, 2020

Italy's government gave the green light to a third term in office for the chief executives of Italy's top two energy firms Eni and Enel on Tuesday but flagged new chairmen, reflecting an intention to monitor their performances.In its list of candidates for top state-controlled companies…

Saipem Pulls Guidance on COVID-19 Impact

Apr 16, 2020

Italian oil and gas contractor Saipem said on Wednesday it had pulled its outlook for the year due to growing uncertainty created by the COVID-19 emergency.In a statement, the company said its board had acknowledged the pandemic might trigger a sharp fall in demand and a delay in projects…

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