Italian giant Eni is set to net US$507.8 million (€463 million) from the Saipem stake sale to Fondo Strategico Italiano (FSI). Descalzi. Image from Eni. The price for each Saipem share has been valued at $9…
Image: Colin Shellard/ Offshore Installation Services Offshore Installation Services (OIS) named Colin Shellard as its new managing director. Based in Aberdeen, Shellard is responsible for setting the strategy at OIS…
Despite the massive cut backs the industry is facing, including cuts to exploration programs, drill bits continued to spin in 2015. Elaine Maslin reports. Atwood Achiever. Photo from Atwood Oceanics…
Italian giant Eni has sold 12.5% interest in its subsidiary Saipem, to Fondo Strategico Italiano (FSI) in a move that is expected to enhance Eni’s financial flexibility and development. Image from Saipem…
Yinka Folawiyo Petroleum (YFP) completed well operations on the Aje field on the OML 113 license offshore Nigeria, according to partner Panoro Energy. The Aje-4 well, which was previously drilled in 2008, has been successfully completed as an oil production well…
Japan's INPEX has completed offshore pipelay of the 890km-long, 42in diameter gas export pipeline for the Ichthys LNG project. Pipelay on the project, which INPEX says is the longest subsea pipeline in the southern hemisphere and the third longest subsea pipeline in the world…
Saipem announced it has won new engineering and construction contracts cumulatively worth approximately US$680 million (€600 million). Included are contracts awarded by Saudi Aramco and Eni. The contract with Saudi Aramco is an EPCI job…
Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…
Due to continued challenging market conditions, Athens, Greece-based rig provider Ocean Rig announced that if no future work is found for two of its fifth generation ultra-deepwater semisubmersible rigs – the Eirik Raude and Leiv Eiriksson – they could be scrapped…
Eni subsidiary Saipem is implementing a turnaround and US$1.4 million (€1.3 million) cost-cutting program from 2015-2017 that will downsize the company’s Brazilian and Canadian operations, vessels, and implement job cuts. The program also…
Italy-based D’Appolonia, the independent engineering consulting company of RINA Group has acquired a majority stake of 68% in Fano-based SeaTech Srl. Vega A. Image from SeaTech. SeaTech provides analysis and design services…
In this video, Norwegian giant Statoil shows the installation of its largest-ever built jacket for one of its project, the Mariner project. The steel jacket for Statoil’s Mariner platform on the UK Continental Shelf has now been placed on the field…
Jeannie Stell speaks with classification organizations ABS and DNV GL to discuss today’s trends in new pipelay vessels. Mike Sano Bigger is better, when the object of discussion is offshore pipelay vessels…
Keppel Offshore & Marine’s (Keppel O&M) wholly owned subsidiary Keppel Shipyard has secured a floating production storage and offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about US$89 million (S$125 million)…
Gazprom handed Eni subsidiary Saipem a termination notice for the South Stream pipeline project to transport gas via a pipeline in the Black Sea. Image of South Stream pipelay. Images from Gazprom…
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