Nigeria LNG has awarded an engineering, procurement and construction (EPC) contract for a seventh train, worth more than $4 billion.
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.
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 chief executive, Stefano Cao, looks forward to the Italian firms plans to move toward cleaner energy over the next ten years.
Stefano Cao, chief executive of Italian offshore firm Saipem, claims his firm is increasingly focussed on liquified natural gas, decommissioning, renewables and some new opportunities in the Oriental Mediterranean area.