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Saipem to establish major logistics base in Suriname for TotalEnergies’ GranMorgu project

OilNOW -
Saipem will establish a large logistics base in Suriname as part of its work on TotalEnergies’ GranMorgu development, Gianluigi Della Rosa, Country Manager for Guyana and Suriname, has confirmed. Della Rosa said the facility will be central to Saipem’s operations...
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Saipem completes Yellowtail offshore scope for ExxonMobil Guyana

OilNOW -
Saipem has announced the completion of its contracted scope of work for ExxonMobil Guyana’s Yellowtail field in the Stabroek Block, located in water depths of about 1,800 metres. The contract, awarded in 2022, covered the Engineering, Procurement, Construction, and Installation...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

OilNOW -
PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on the second phase of the offshore GranMorgu project, according to Gianluigi Della Rossa, the company’s Country Manager for Guyana and...
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Saipem secures US$720 million offshore contracts, including a major Guyana project

OilNOW -
Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea structures, umbilicals, risers, and flowlines (SURF) work at the proposed Hammerhead oil field development in the Stabroek Block.  The project site...
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Saipem closed 2024 with €14.55 billion in revenue, eyes growth in 2025

OilNOW -
Saipem closed 2024 with strong financial results, reporting €14.55 billion in revenue, up from €11.87 billion in 2023. Fourth-quarter revenue reached €4.42 billion, a 26% increase year-over-year. The company said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)...
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Saipem and Subsea7 announce merger to form global offshore powerhouse

OilNOW -
Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant player in the subsea and offshore engineering and construction (E&C) sector. The new entity, Saipem7, would have a combined backlog of...
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Saipem, TechnipFMC hired for subsea work on Block 58 development

OilNOW -
Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation. The project will combine TechnipFMC’s subsea...
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Saipem vessel completes 180 consecutive ‘Perfect Days’ on Yellowtail project in Guyana

OilNOW -
Saipem's FDS2 vessel has successfully wrapped up its pipelay and subsea construction work for ExxonMobil's Yellowtail Project offshore Guyana, achieving a milestone of 180 consecutive “Perfect Days.” This accomplishment means 180 days without any injury, asset damage, or environmental...
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Saipem seeks catering services for VEHSI facility

OilNOW -
Italian engineering and drilling firm Saipem is seeking Expressions of Interest (EOIs) for catering services at its Vreed-en-Hoop Shore Base Inc. (VEHSI) facility. Saipem's operation at VEHSI spans 81,000 square meters.  VEHSI is a collaboration between NRG Holdings, a 100%...
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Saipem secures US$2 billion offshore contract for Saudi Arabia’s Marjan field

OilNOW -
Saipem has been awarded a new offshore contract worth approximately US$2 billion under its Long-Term Agreement (LTA) with Saudi Aramco.  The contract involves the development of the Marjan field in Saudi Arabia and follows a competitive bidding process and the...
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NewsShikema Dey -

Irfaan Ali charts oil-fueled, sustainable future as Guyana’s ninth President

Flanked by First Lady Arya Ali and their son Zayd, Irfaan Ali was sworn in on Sunday as Guyana’s...

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