Saipem has confirmed it will “considerably” downsize its investment plans after posting pre-tax and interest losses of £644 million for the first half of this year.
EnQuest said today it had removed the troublesome oil storage tanks from the jacket of its Thistle platform in the UK northern North Sea.
Italian engineering and construction firm Saipem has won a contract to install turbine foundations for the Seagreen wind farm, off the coast of Angus.
Belgium’s marine construction specialist Besix, working with Mota-Engil, will build the marine facilities for the Mozambique LNG project.
There are no cases of coronavirus at the Mozambique LNG site, in the country’s north, Australia’s RBR Group has reported.
Italian oil and gas contractor Saipem has announced a multi-million pound deal with Petrobras at its Buzios pre-salt field.
It is no accident that those traditional oil and gas companies which shifted investment and skills towards the renewable energy market are the same firms now celebrating big offshore wind contracts.
A consortium of local and Nigerian banks, with three export credit agencies (ECAs), have agreed to provide $3 billion of financing for the seventh train at Nigeria LNG (NLNG).
Nigeria LNG has awarded an engineering, procurement and construction (EPC) contract for a seventh train, worth more than $4 billion.
Engineering firm Saipem has won a £225million project to transport and install a new natural gas pipeline in the Baltic Sea.
Italian energy services firm Saipem said its outlook is “good” but the recent deterioration of the oil market sunk the company to a loss in the first quarter of the year.
The Italian government has expressed its support for Claudio Descalzi to remain in his post as CEO of Eni despite misgivings voiced from a number of sources.
Eni has reached a deal with the US Securities and Exchange Commission (SEC) to pay a fine to resolve sham payments in Algeria by Saipem.
BP will be bracing for a delay in the start-up of its third liquefied natural gas (LNG) train at the Tangguh LNG project in West Papua province, Indonesia, due to the Covid-19 pandemic.
Saipem has said it has “beat all targets” for 2019 after swinging back to a profit, slashing debt and achieving a record order backlog.
Italian oil and gas contractor Saipem has confirmed that more than 2,000 staff are working from home due to the coronavirus.
Italian oil and gas contractor Saipem has told workers in the affected coronavirus regions to "stay at home" and avoid "social interactions".
EnQuest has revealed plans to temporarily leave a pair of 1,200-tonne oil storage tanks from its Thistle platform at the bottom of the North Sea after structural concerns forced their removal.
Some supply chain bosses may have come into 2020 hoping it would be the year when they finally get rewarded for surviving five years of low rates and cost-cutting.
Italian engineering services firm Saipem has been contracted to carry out work on EnQuest’s stricken Thistle platform in the UK North Sea.
Further jobs are set to go at Fife-based manufacturer Burntisland Fabrication (BiFab) as it emerged that a potential life-saving wind farm contract for the firm could be delayed.
New rules set out by the Scottish Government will impose strict supply chain commitments on developers looking to build giant offshore wind farm off the coast of Scotland.
French energy firm EDF Renewables has announced it has brought in a 'walking jack-up barge' to do North Sea survey work on its planned Neart Na Gaoithe (NnG) Offshore Wind Farm.
Growth of the offshore energy market looks set to be hampered by a looming shortage of competent construction vessel capacity.