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…
Norwegian giant Statoil’s Mariner field in the North Sea is a US$7 billion investment for the company. It is located in Block 9/11 on the East Shetland Platform, about 150km east of the Shetland Isles, and lies in water depths ranging between 97-112m…
Drilling has started on the Aje 5 production well in Aje field offshore Nigeria, paving the way for first oil on the floating production, storage and offloading (FPSO) vessel development. The three-phase development, starting with two production wells…
Sea Trucks Group has announced the recent award of its first contract in Brazil. Sea Trucks will provide accommodation support services to Saipem for 300 personnel on board, including lifting operations, storage support and logistic support services for modifications works of an FPSO…
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