Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300 million in cash, scrapping an earlier agreement to sell the vessel to Saipem for $272.5 million.The Oslo-listed company has…
Italian oil contractor Saipem is ready to resume activities in Venezuela for both offshore and onshore projects after the easing of U.S. sanctions, Chief Executive Alessandro Puliti said on Wednesday.'Things in Venezuela are changing very quickly…
Saipem has released its preliminary results for the fourth quarter and financial year 2025, confirming, for the fourth consecutive year, the trajectory of growth and improvement in profitability together with a further acceleration in cash generation…
Saipem has been awarded an additional offshore contract (Contract Release Purchase Order or CRPO) in Saudi Arabia under its existing Long-Term Agreement with Aramco.Saipem’s scope of work includes the Engineering, Procurement, Construction and Installation (EPCI) of a 48inch trunkline…
Saipem has introduced an artificial intelligence (AI)-based predictive maintenance system onboard its ultra-deepwater drillship Saipem 12000, aiming to improve operational efficiency and offshore safety.The system uses real-time data and artificial…
Saipem has reached agreement on the main terms and conditions to acquire the seventh-generation drillship Deep Value Driller for $272.5 million.The Deep Value Driller is a high-specification ultra-deepwater drillship built in 2014, featuring GustoMSC P10000 design and able to accommodate 210 people…
Azule Energy, jointly owned by Eni and BP, has made an oil discovery at the Algaita-01 exploration well in Block 15/06 offshore Angola, with initial estimates pointing to approximately 500 million barrels of oil in place.The well, located in the offshore Lower Congo Basin…
Saipem’s first resident underwater drone Hydrone-R has completed an autonomous survey mission over the Arctic coral area of the Njord field offshore Norway, operating without cables or surface vessel support.Hydrone-R Underwater Intervention Drone carried out the mission independently…
Saipem has launched a new Drilling Training Centre featuring a full-scale simulator designed to provide immersive, hands-on training for drilling personnel.The center is accredited by the International Well Control Forum, a global body for well control competency certification…
Energy services firm EnerMech has secured a subsea pre-commissioning services contract by Saipem for the Whiptail development, offshore Guyana in the Stabroek Block, operated by ExxonMobil Guyana.The contract award marks EnerMech’s first project…
Italian offshore services firm Saipem has informed that its jack-up rig Perro Negro 7 will resume operations off Saudi Arabia for Aramco, starting January 2026.The contract for Perro Negro 7 was awarded to Saipem in 2011 and extended in June 2023 for 10 years…
Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya gas field development in the Turkish sector of the Black Sea.The contract includes engineering…
Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering…
Deep Value Driller has agreed with Saipem to extend the bareboat charter for its seventh-generation drillship Deep Value Driller and to prolong the period during which Saipem may exercise an option to buy the vessel.Under the amended agreement…
Italian engineering group Saipem has secured an offshore engineering, procurement, construction and installation contract in Qatar with a total value of about $4 billion, of which its share amounts to approximately $3.1 billion.The contract…
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