Eni awards £440m contract for Liverpool Bay carbon capture project to Saipem
Italian oil and gas firm Eni has awarded a €520 million (£440m) contract to Saipem for the Liverpool Bay carbon capture and storage (CCS) project.
Saipem
Offshore service leaders seek leverage after a lost decade
Global services firms have been caught in a storm. Engineering, procurement and construction (EPC) focused companies have been squeezed by tough contract terms, battered by inflation and haunted by legacy commitments.
Construction ship/pipelayer completed after 10 tough years
At last, a pipelay/construction ship ordered a decade ago by Petrofac – the JSD6000 – has been completed in China for Shanghai Zhenhua Heavy Industry shipyard (ZPMC).
Saipem brings in biggest haul of global oil and gas contracts
Saipem has topped the list of top oil and gas industry contractors, bringing in more than $19 billion over the past year.
Saipem lands Exxon Guyana deal worth up to $1.5bn
Saipem (BIT: SPM) has landed a contract worth up to $1.5 billion with Exxon Mobil for work on its newly-sanctioned Whiptail project off Guyana.
Saipem set to deliver 90 mile UK carbon dioxide pipeline
Saipem is readying itself to construct a CO2 transport pipeline in the UK after £4 billion in contracts were dished out.
Wood, TechnipFMC and more win £4bn Teesside net zero contracts
Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) have dished out contracts with a combined value of around £4 billion.
Castorone off Scarborough work for at least a month
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
Saipem’s Castorone chalks up second accident in a month
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
Saipem cleared in Algeria, faces Brazilian suspension
Saipem said there had been “alleged irregularities in the award”. The CGU amended its previous ban, from December 2022, with this new order of a two-year suspension.
Saipem completes Saudi gas pipeline work
Saipem won the work in 2018, as one of a batch of contracts worth $800 million.
EnQuest’s Thistle Alpha to go to Norway for decommissioning
North Sea operator EnQuest has confirmed its Thistle platform will be sent to an Aker Solutions yard in Norway for dismantling, some time from 2025 onward.
Saipem wins deepwater pipe work in Guyana, Brazil
The company said it would carry out work with its FDS2, Constellation and Castorone vessels. It will carry out work from its Port of Georgetown base.
Saipem benefits from move offshore, reduced wind work
Asset-based services makes up the majority of Saipem’s backlog, at 65%, or around 10bn euros this year.
Rosetti Marino wins Bouri module work from Saipem
The Italian company said it would begin work immediately and expected to complete this in early 2026.
Saipem completes work at Neart na Gaoithe wind farm
Saipem has completed foundation installation works at the Neart na Gaoithe (NnG) wind project off Fife.
Petrofac awarded multi-million pound North Sea decommissioning contract by Saipem
Italian oilfield services firm Saipem (BIT: SPM) has awarded Petrofac a new multi-million-pound deal to support the decommissioning of a platform in the UK sector of the North Sea.
Saipem head laments service crunch, wind investments
Saipem’s Puliti gave the example of the need for offshore wind installation vessels. He said there was a “clear need” for new vessels, “otherwise there is no way that demand in the next three to five years can be satisfied by supply. But no one has the courage to invest today”.
Saipem sees future with FlatFish
Looking at inspection alone, “the FlatFish case is compelling and it's credible. As long as the client is willing to count and sum up all the benefits, it makes perfect sense.”
Saipem wins Eni, Snam work worth $911mn
In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
CIMC Raffles takes on Saipem conversion for Congo work
Saipem expects the offshore commissioning and start up of the FPU to take place in the fourth quarter of 2025.
Saipem books $700m work with BP, Eni Congo
Saipem has announced the award of two major contracts for offshore work in Congo and the Gulf of Mexico worth a combined $700 million.
Saipem bags $1bn contract for Libya’s Bouri field
Saipem has secured a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.
Saipem continues turnaround with ‘new contracts and growth in margins’
Saipem is continuing its bounceback from the troubles of last year after the company unveiled its latest set of financials.
Saipem mulls switch to biofuels for 7000 construction vessel
Testing has shown "positive results" but more work is needed.