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.
Nigeria LNG (NLNG) has taken the final investment decision (FID) on Train 7, the long-awaited expansion project that will take the project’s capacity to 30 million tonnes per year.
Italian oil and gas contractor Saipem has announced contract extensions totaling over £1 billion.
A bitter war of words has broken out as two Scottish trade unions have accused the Scottish Government of inaction over jobs at troubled firm Burntisland Fabrication (BiFab).
Anxious workers at Burntisland Fabrication (BiFab) have been “left in the dark” over their future despite a job-saving contract announcement last month, according to a Scottish trade union.
Saipem is "committed to working" with local firms on a new giant Scottish wind project, its North Sea boss has said.
A new wind farm deal for Burntisland Fabrication (BiFab) could bring a Christmas jobs boost to workers at its Arnish yard, according to a source close to the firm.
Scottish manufacturing firm Burntisland Fabrication (BiFab) has been announced as a contractor on EDF's £2 billion Neart Na Gaoithe (NnG) offshore wind farm.
Saipem SpA is considering a combination with rival Subsea 7 SA to create a larger European oil services provider, people with knowledge of the matter said.
Italian oilfield services firm Saipem has won a subsea contract in Guyana, as well as additional work in regions including the North Sea, worth £684.6million.
The chairman of the Health and Safety Executive has called out “complacency” on cyber security within oil and gas and other sectors across the UK.