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…
Energy industry expert and assurance firm DNV has partnered up with 25 industry giants in a Joint Industry Project (JIP) aimed at enhancing technology development for floating offshore wind substations, with particular attention to how export…
Italy's Saipem beat expectations for first-quarter earnings as an upturn in global oil and gas spending lifted the energy contractor's core business, putting it on track for a better year.Adjusted core earnings in the period rose 65% to 145 million euros ($157 million)…
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…
Italian energy services company Saipem, whose Saipem 7000 crane vessel with 275 people aboard tilted in a fjord in Norway on Thursday morning, released a statement on Thursday evening, confirming the incident had occurred, and sharing preliminary info on the likely cause…
Wage talks involving around 8,000 oil drilling workers in Norway broke down on Thursday, labor unions said, raising the risk of strike action that would disrupt oil and gas exploration.The talks between the Norwegian Shipowners' Association (NSA) and the Safe…
Offshore wind installation contractor Fred. Olsen Windcarrier (FOWIC) has won a contract to support the jacket installation campaign on the Neart na Goithe (NnG) offshore wind farm in the UK, using its jack-up installation vessel, the Blue Tern…
Italian oilfield services giant Saipem has awarded GE Power Conversion a contract to develop the electrical module for Petrobras’ P-79 FPSO.In June 2021 Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co…
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…
Saipem will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black.The company stunned investors in January when…
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…
Cornerstone investors Eni and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue troubled Italian energy service group Saipem, two sources said on Tuesday.Energy group Eni owns 30…
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…
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…
Italian oilfield services company Saipem will be providing maintenance services for the floating facility Coral Sul FLNG for liquefied natural gas offshore Mozambique, under a contract awarded by the Coral FLNG S.A consortium.The Coral FLNG…
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