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Saipem in 269 million euros loss as projects get parked, axed

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Italian multinational oilfield services company Saipem said on Thursday it can no longer offer guidance for 2020 due to unpredictable market conditions brought on by the coronavirus pandemic and plummeting oil prices. Saipem said it recorded a loss in...
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Saipem withdraws 2020 guidance over growing market uncertainty

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Italian multinational oilfield services company Saipem said on Wednesday the growing uncertainty caused by the COVID-19 pandemic might cause a sharp demand contraction and consequently a delay of some its projects. Saipem said its Board of Directors resolved to withdraw...
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Saipem says death on FDS ship in Netherlands not COVID-19 related

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Italian-based engineering company Saipem says that the death which occurred on Friday on board the Saipem FDS ship, currently located in the port district of Waalhaven in Rotterdam, happened due to natural causes, as confirmed by the investigations of...
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Saipem seeking EOIs for construction of Guyana fabrication yard

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Italian engineering and drilling services firm Saipem is inviting companies to express interest in bidding for the construction of a fabrication yard to support its operations at the Stabroek Block offshore Guyana. The contracting period has been given as second quarter...
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Over 2,000 Saipem employees now working from home in Italy on coronavirus fears

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Saipem, in concert with employer and worker organisations, has been forced to act immediately to ensure the maximum safety of its employees, customers and suppliers, in compliance with the initial indications issued by Italy’s Ministry of Health and regional...
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Saipem employees in Italy ‘stay at home’, missions abroad canceled over coronavirus fears

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With reference to the confirmed cases of CoronaVirus (Covid-19) to date on Italian territory and in particular in Lombardy, Saipem said today “it has immediately activated itself to guarantee maximum health and safety for its employees, customers and suppliers,...
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Saipem bags new offshore contracts worth over $500 million

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Italian engineering and drilling services firm Saipem announced that it has been awarded several EPCI contracts worth over 500 million USD in various countries around the world. A press release from the company on February 6, 2020 said that the...
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Saipem signs MoU with Gulf Petrochemical Industries Company

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Italian firm Saipem has signed a Memorandum of Understanding (MoU) with Gulf Petrochemical Industries Company (GPIC), a joint venture equally owned by the National Oil and Gas Holding Company in the Kingdom of Bahrain, SABIC Agri-nutrient Investments in the...
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Saipem awarded three-quarter billion euros in contracts for offshore wind farms

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Saipem has been awarded a contract by the French company EDF Renewables for the construction of the Neart na Gaoithe (NnG) wind farm offshore Scotland. This is the first turn-key project awarded to Saipem in the offshore wind farm sector....
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A subsea giant could be in the making with Saipem, Subsea 7 merger

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A merger between Italian-based Saipem – one of ExxonMobil’s Prime Contractors for its offshore project in Guyana – and UK-based Subsea 7 would create a subsea giant in the oilfield services industry. Commenting on unconfirmed reports that such a merger...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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