Saipem News

Saipem to Restart Mozambique LNG Project for TotalEnergies in July

Mar 02, 2023

Saipem has agreed to restart a liquefied natural gas (LNG) project in Mozambique for TotalEnergies in July, the chief executive of the Italian energy services group said on Tuesday.The project, which would be the first onshore development of a LNG plant in the African country…

Harland & Wolff Cuts Jobs at Methil after Offshore Wind Contract Termination

Feb 17, 2023

Harland & Wolff said on Friday that it would 'rationalize' the number of people working at its Methil facility in Scotland.This was in response to the contract termination settlement with Saipem over the building of jackets for the Neart na…

Seaway7 and Saipem Partner in Pursuit of Offshore Wind Work

Feb 23, 2023

Subsea 7's renewables-focused offshore installation subsidiary Seaway7 on Thursday announced it has struck a deal with offshore services company Saipem to collaboratively pursue projects in the growing offshore wind industry.Under the commercial collaboration agreement…

Deep Value Driller Contracts Scana's PSW Technology Following Saipem Deal

Feb 28, 2023

Scana's PSW Technology has won a contract with offshore drilling firm Deep Value Driller for deep-water BOP stack services. The deal comes just days after Deep Value Driller secured a contract with Saipem for its Deep Value Driller deepwater drillship…

BW Energy's Brazilian Oil Field Purchase Faces Delay Amidst Petrobras' Divestment Program Review

Mar 02, 2023

Oslo-listed oil and gas company BW Energy said its planned acquisitions of Petrobras' working interest in Golfinho and Camarupim deepwater oil fields, and the related FPSO from Saipem, were facing delays as a Brazilian ministry has ordered a review of Petrobras divestment program…

Saipem Secures $900M in Offshore Contracts with TotalEnergies and Equinor

Jan 20, 2023

Italian offshore engineering and construction company Saipem said Friday it had won two offshore contracts worth $900 million in total.First, together with Aker Solutions, Saipem won a contract with the French oil major TotalEnergies in Brazil…

Saipem to Remove Upper Part of Heather Jacket in EnQuest Decommissioning Project

Jan 20, 2023

Oil company EnQuest said Friday it had awarded an upper jacket removal contract for its Heather platform in the UK North Sea to Italian offshore services firm Saipem.The Heather field and its associated Heather Alpha platform are located about 94 kilometers northeast of Shetland…

Saipem to Buy 7th-gen Drillship from Samsung Citing Growing Rig Demand, Dayrates

Dec 05, 2022

The Italian energy industry services firm Saipem has decided to buy the 7th-generation Santorini drillship from Samsung Heavy Industries, citing rising dayrates and an optimistic forecast for offshore drilling rig demand.To remind, Saipem first chartered the drillship from Samsung in late 2021…

Saipem Bags $1.2B Worth Offshore Oil Field Contracts in Guyana and Egypt

Dec 15, 2022

Italian energy industry services company Saipem has secured offshore oil and gas field construction contracts in Guyana and Egypt worth about $1.2 billion in total.In Guyana, the U.S. oil major ExxonMobil has hired Saipem to support its Uaru offshore oil field development project…

Saipem Completes GBS Installation Works on Fecamp Offshore Wind Farm

Nov 02, 2022

Italian energy industry services firm Saipem said Wednesday it had, in consortium with Bouygues Travaux Publics and Boskalis (BSB), installed and ballasted the Gravity-Based Structures (GBS) foundations for the Fécamp offshore wind farm in Normandy…

Saipem Expands Jack-up Rig Fleet with Another CIMC Unit

Nov 16, 2022

Ocean Challenger, the asset management company owned by the Chinese offshore rig builder CIMC, said Wednesday it 'has tied new knots' with the Italian energy services firm Saipem to deploy the 300-foot jack-up rig Gulf Driller IV in the Middle East…

Saipem Wins Offshore Drilling Contracts Worth $800M

Nov 15, 2022

Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total.  In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units…

Aker BP Hires ModuSpec for Offshore Rig Intake and Inspection Services

Nov 10, 2022

ModuSpec has secured a contract to provide rig intake and inspection services to the Norwegian oil company Aker BP.The contract includes assisting Aker BP ASA during the inspection and acceptance phases of Saipem's Scarabeo 8, 6th generation…

Shell Extends LNTP with BW Offshore & Saipem for Gato do Mato FPSO

Nov 10, 2022

FPSO leasing firm BW Offshore said Thursday that Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem in relation to the supply of an FPSO for the Gato do Mato oil and gas field offshore Brazil…

Italy's Saipem Ups 2022 Guidance after Beating Expectations in Q3

Oct 27, 2022

Italy's Saipem improved its guidance for the full year after third-quarter adjusted core earnings and revenue beat analysts' expectations. The energy contractor reported on Thursday an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 215 million euros ($216…

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