Saipem 7000 News

 

Subsea7 Marks 53% Profit Rise Ahead of Planned Saipem Merger

Feb 27, 2025

Oslo-listed energy service group Subsea 7, which plans to merge with Italian rival Saipem, said on Thursday its core profit rose 53% last year, in line with its previous guidance.Subsea 7 and Saipem announced on Sunday a plan to create a leading…

Saipem Reports Growth for Third Consecutive Year

Feb 25, 2025

Energy company Saipem’s performance in 2024 confirms, for the third consecutive year, a trajectory of growth and margin recovery for the group, as well as an acceleration in cash flow generation and the strengthening of the company’s balance sheet…

Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant

Feb 24, 2025

Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders…

Aker BP’s Norwegian Sea Wildcat Comes Up Dry

Feb 21, 2025

Norwegian oil and gas company Aker BP has drilled a dry wildcat well in the Bounty Updip prospect in the Norwegian Sea.The wildcat well 6306/6-3 S was drilled in production license 886, which was part of the awards in predefined areas (APA) 2016…

Saipem Lands $620M Revolving Credit Facility

Feb 11, 2025

Italian offshore energy services firm Saipem has entered into a new $620 million revolving credit facility with a pool of fourteen national and international financial institutions.The facility has a tenor of three years, extendable for a further…

ABL to Provide MWS Services to Saipem for Libyan Offshore Gas Field

Feb 04, 2025

Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey (MWS) services to Saipem, to support the marine transportation and installation (T&I) operations relating to Libya’s Bouri Gas Utilisation Project (BGUP)…

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Dec 30, 2024

Saipem’s pipelay vessel Castorone has crossed the Bosphorus Strait in Türkiye, continuing its journey toward the Black Sea for a pipeline installation job as part of the second phase of the Sakarya project for Turkish Petroleum - Offshore Technology Center (TP – OTC)…

Brazil Lifts Ban on Saipem's Business Units

Dec 26, 2024

Saipem SA and Saipem do Brasil have become fully operational with state-owned companies in the Brazilian market following the annulment of the prohibitory sanctions issued by the Federal Court of Brasilia.On December 20, 2024, the Federal District Court of Brasilia…

Aker BP Gets Green Light for Drilling Ops in Norwegian Sea

Dec 19, 2024

The Norwegian Offshore Directorate has granted Aker BP two drilling permits for wildcat wells in the Norwegian Sea.The permits are for wellbore 6306/6-3 S in production license 886, and 6507/5-13 S in production license 212.Aker BP operates the license 886…

Saipem Scoops $900M for Work with Shell Off Nigeria

Dec 19, 2024

Saipem, in consortium with KOA Oil & Gas and AVEON Offshore, has been awarded a new offshore contract by Shell Nigeria Exploration and Production Company Limited (SNEPCo) for the Bonga North Project.The project is related to the tieback of wells to the existing Bonga floating production…

Technip FMC, Saipem Good to Go for UK’s CCS Projects Work

Dec 13, 2024

Saipem and TechnipFMC, under two separate contracts, have secured notices to proceed with the development of Northern Endurance Partnership (NEP) carbon capture and storage (CCS) projects in the U.K.Saipem secured final award for the two projects…

Galp’s Appraisal Well Delivers Light Oil and Gas-Condensate Off Namibia

Dec 02, 2024

Portuguese oil and gas company Galp has found light oil and gas-condensate in an appraisal well drilled in Orange Basin block, offshore Namibia.The appraisal well, Mopane-1A, was spud on October 23 with Saipem’s Santorini drillship, at PEL83 offshore block…

Saipem Gets $1B Job at BP’s Indonesian Gas and CCUS Project

Nov 27, 2024

Italian offshore energy services firm Saipem, in consortium with PT Meindo Elang Indah, has secured engineering, procurement, construction and installation (EPCI) contract from BP for its integrated gas recovery and carbon capture, utilization and storage (CCUS) project in Indonesia…

TechnipFMC to Supply Subsea Trees for Suriname’s First Oil and Gas Field

Nov 14, 2024

TechnipFMC has been secured an integrated engineering, procurement, construction, and installation (iEPCI) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.The project will…

Saipem Secures $1.9B Subsea Work at TotalEnergies’ Suriname Field

Nov 14, 2024

Saipem has secured an engineering, procurement, construction and installation (EPCI) contract by TotalEnergies for the subsea development of the GranMorgu field, offshore Suriname.Saipem’s scope of work under the contract worth $1.9 billion entails the engineering…

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