Future of BiFab hangs in the balance as Scottish Government withdraws support
The future of Scottish manufacturer Burntisland Fabrications (BiFab) now hangs in the balance after the Scottish Government confirmed it has pulled support for the firm.
Saipem
Shift to renewables could be a painful transition for offshore supply chain
Potential pitfalls await those unprepared for the push towards diversification from conventional energy writes Gregory Brown, Maritime Strategies International.
Saipem and Snam join forces to develop new energy transition technologies
Saipem has signed a Memorandum of Understanding with a leading energy infrastructure operator to start working together on new energy transition technologies.
Europe could see $35bn in CCS spending till 2035, with UK dominating
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
One of the world’s largest offshore construction vessels arrives off the coast of Fife
One of the world’s largest offshore construction vessels has arrived off the coast of Fife.
Saipem to downsize investment plans after losses of £644m
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 removes Thistle platform tanks, reported ‘minor’ spill
EnQuest said today it had removed the troublesome oil storage tanks from the jacket of its Thistle platform in the UK northern North Sea.
Saipem bags Seagreen wind farm installation job
Italian engineering and construction firm Saipem has won a contract to install turbine foundations for the Seagreen wind farm, off the coast of Angus.
Besix confirms Mozambique LNG jetty work
Belgium’s marine construction specialist Besix, working with Mota-Engil, will build the marine facilities for the Mozambique LNG project.
Mozambique LNG site clear of coronavirus
There are no cases of coronavirus at the Mozambique LNG site, in the country’s north, Australia’s RBR Group has reported.
Saipem wins £260m deal with Petrobras in Brazil
Italian oil and gas contractor Saipem has announced a multi-million pound deal with Petrobras at its Buzios pre-salt field.
Move to green energy paying dividends for Petrofac and Saipem during Covid-19
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.
International lenders come together for NLNG
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).
Saipem firms up NLNG construction win
Nigeria LNG has awarded an engineering, procurement and construction (EPC) contract for a seventh train, worth more than $4 billion.
Saipem wins £225m Baltic Sea pipeline project
Engineering firm Saipem has won a £225million project to transport and install a new natural gas pipeline in the Baltic Sea.
Saipem’s ‘outlook good’ but sinks to red as offshore drilling assets take £228m write-down
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.
Descalzi in line for Eni spot despite objections
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 pays out to SEC for Saipem case
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.
WATCH: Saipem’s Scarabeo 9 crosses the Bosphorus Strait
https://www.youtube.com/watch?v=f-bQqVkY-ew
Virus looks set to delay BP’s Tangguh LNG expansion
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 ‘beats all targets’ for 2019 as it swings back to profit
Saipem has said it has “beat all targets” for 2019 after swinging back to a profit, slashing debt and achieving a record order backlog.
Saipem keeping 2,000 workers at home due to deadly coronavirus
Italian oil and gas contractor Saipem has confirmed that more than 2,000 staff are working from home due to the coronavirus.
Saipem orders workers in affected coronavirus areas to ‘stay at home’
Italian oil and gas contractor Saipem has told workers in the affected coronavirus regions to "stay at home" and avoid "social interactions".
EnQuest plans to temporarily leave ‘precarious’ Thistle storage tanks on seabed
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.
‘Tough choices remain’ for service companies, analyst says
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.