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Saipem extends contract with Aker BP for Scarabeo 8 rig until 2026

OilNOW -
Italian oilfield services company Saipem has secured an extension of its contract with Norwegian energy firm Aker BP for the semi-submersible rig Scarabeo 8. The extension will keep the rig working on the Norwegian Continental Shelf until the end...
News

Saipem Guyana, Women Chamber to host vendor outreach event to boost diversity in local supply chain

OilNOW -
Saipem Guyana Inc. and the Women's Chamber of Commerce & Industry Guyana (WCCIG) are set to host a vendor outreach event on August 21, 2024, at the Centre for Local Business Development in Georgetown. The event, titled “Saipem Vendor...
News

Saipem secures US$500 Million in offshore Saudi Arabia contracts from Aramco

OilNOW -
Saipem has secured two contracts from Aramco worth a total of US$500 million, the Italian company announced on Monday.  The first project involves the engineering, procurement, construction, and installation (EPCI) of a 42-inch crude trunkline, approximately 50 kilometers long, for...
News

Eni sells 10% stake in Saipem for €393 Million

OilNOW -
Italian oil and gas company Eni has divested a 10% stake in oilfield services provider Saipem for €393 million (US$422.48 million). The sale was conducted via an accelerated bookbuilding process on June 11, 2024, with the transaction set to...
News

Saipem, CNOOC to host meetings with Guyana suppliers

OilNOW -
Saipem and CNOOC are set to hold separate meetings with Guyanese businesses in June.  Saipem’s meeting is an information session for businesses to understand their contractual obligations. It is scheduled for June 20, at 10:00 am. Registration is active, with...
News

Saipem to take over China-built heavy lift pipelay vessel this month

OilNOW -
Saipem is set to take over the latest generation heavy lift pipelay vessel, JSD6000, in June. The company said the vessel, built by Chinese state-owned port and naval machinery manufacturer ZPMC, had its completion ceremony at ZPMC’s Changxing base. The...
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Saipem gets US$850 million deal for subsea work off Angola coast 

OilNOW -
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Limited, an incorporated joint venture between Eni and bp.  The award concerns the development of the Ndungu field as part of Agogo...
News

Saipem reports net profit of €57 million in Q1 2024

OilNOW -
Saipem, the Italian energy industry contractor, disclosed a positive net result of 57 million euros for the first quarter of 2024, a turnaround from the breakeven recorded in the corresponding period of 2023.  The announcement came following the approval of...
News

Saipem to utilize additional Guyana facility for submarine work on massive Whiptail project

OilNOW -
Italian multinational oilfield services company Saipem has received authorization from ExxonMobil Guyana Limited and its Stabroek Block coventurers to proceed with the execution of the giant Whiptail oilfield development project. Saipem said at the weekend that the authorization has been...
News

Saipem field development ship conducting installation for Exxon’s next big oil project

OilNOW -
The Saipem FDS2 vessel is engaged in installation activities offshore Guyana, in support of ExxonMobil’s massive Yellowtail development project, according to an update from Guyana’s Maritime Administration Department.  The vessel is expected to operate through 2024 in anticipation of production...
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Major energy and infrastructure projects to define Guyana’s next few years

Over the next few years, President Irfaan Ali’s second term will see Guyana advancing key projects that place energy...

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