Saipem Company News
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Offshore Egypt Project to Start New Phase
Thursday, December 20, 2018 Saipem and Petrobel have negotiated an offshore contract addendum for the 'Ramp Up to Plateau' phase of the Zohr gas field.
Arctic LNG Contract Goes to Saipem
Wednesday, December 19, 2018 Arctic LNG 2 will boast three 6.6-mtpa trains.
Saipem-led JV Wins Contract for LNG Project in Nigeria
Friday, July 13, 2018 Nigeria LNG is a venture including Nigerian National Petroleum Corporation and oil majors Royal Dutch Shell, Total and Eni.
Three Drilling Contractors Advance in Rigzone Employer Survey
Thursday, May 24, 2018 Three drilling contractors posted year-on-year gains in the ranking for that industry group in Rigzone's 2018 Ideal Employer Survey.
Saipem Scouting Around as Subsea 7 Bid Makes Waves
Tuesday, April 24, 2018 Italian oil services group Saipem is looking round for growth opportunities.
Executives: Algeria's Sonatrach, Italy's Saipem Agree To End Disputes
Wednesday, February 14, 2018 Sonatrach and Saipem sign an agreement to end their legal disputes over four gas projects.
Sanction-Proof Oil Rig Beats US Policy From Cuba to Russia
Tuesday, December 19, 2017 For Vladimir Putin, this is a second energy-sector victory in a little over a week.
Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant
Friday, September 15, 2017 Rosneft has commissioned Saipem to conduct a technical and commercial feasibility study of Rosneft's planned petrochemical plant.
Saipem to Build Pipelines for Kuwait Refinery Project
Wednesday, August 16, 2017 A unit of Kuwait Petroleum Corp. has awarded Saipem an approximately $850 million contract tied to KOC's Al Zour refinery project.
Saipem Warns On Profits After Falling To 2Q Loss
Tuesday, July 25, 2017 Saipem lowers its annual earnings forecasts citing tough market conditions.
Saipem Seen Getting Work In Novatek's Arctic LNG 2 Project
Monday, July 24, 2017 Saipem is likely to get a sub-contractor role in a new project to produce LNG in the Arctic by Russia's Novatek.
Saipem Limited Wins BP Decommissioning Contract in North Sea
Friday, December 16, 2016 Oilfield services firm Saipem Limited, a subsidiary of Saipem SpA, has been awarded a new decommissioning contract in the North Sea.
Statoil: Saipem Rig Catches Fire Off Norway, No Injuries Reported
Tuesday, November 22, 2016 A fire broke out in an engine room on Saipem's Scarabeo 5 drilling rig in the Norwegian Sea.
Saipem Secures Services Contracts Worth $1B
Thursday, November 10, 2016 Oilfield services firm Saipem has been awarded new contracts in the offshore segment worth an overall amount of around $1 billion.
Saipem Cuts More Jobs As Crisis Drags On
Tuesday, October 25, 2016 Saipem will cut 800 more jobs across Europe in the next four years as part of a plan to cope with a prolonged market crisis that will trim revenues next year.
Saipem Secures Drilling Contracts in Middle East, South America Worth $430M
Thursday, September 22, 2016 Saipem has been awarded new contracts, and extensions to existing contracts, in the Middle East and South American onshore drilling sectors worth $430 million.
BP Progresses Development of Shah Deniz 2 Project
Friday, September 02, 2016 BP progresses development of the Shah Deniz 2 Project in the Caspian Sea offshore Azerbaijan, with the platform jacket to be installed soon.
Saipem Bags 2 Contracts for Indonesia's Tangguh LNG Expansion Project
Thursday, July 28, 2016 Saipem bags two contracts for onshore and offshore work on the BP-operated Tangguh liquefied natural gas (LNG) expansion project in Indonesia's Papua Barat Province.
Saipem Cuts Guidance as Project Delays Take Toll
Wednesday, July 27, 2016 Italian oil contractor Saipem cut its guidance for the year, saying clients hit by low oil prices were delaying the awarding of contracts.
Saipem-Led Consortium Wants up to $49M More for Building Polish LNG termina
Tuesday, July 19, 2016 A consortium that built Poland's new liquefied natural gas terminal files a request for an additional payment of up to $49 million from the facility's operator.
Keppel Wins $89M Deals for Work on 3 Floating Facilities, 1 Pipelay Vessel
Friday, July 08, 2016 Keppel Shipyard wins contracts valued at $89 million for work on three floating facilities and a pipelay vessel.
Saipem Secures Offshore Engineering, Construction Contracts Worth $1.6B
Thursday, July 07, 2016 Saipem has been awarded new offshore engineering and construction contracts worth in excess of $1.6 billion.
Saipem Secures New Drilling Contracts
Thursday, June 09, 2016 Saipem secures new drilling contracts and extensions to existing contracts in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin America, with a cumulative value of approximately $170 million.
Saipem Names Gulio Bozzini as Chief Financial and Strategy Officer
Wednesday, June 08, 2016 Saipem appoints Giulio Bozzini as chief financial and strategy officer as current chief financial officer Alberto Chiarini leaves for a new post in Eni.
Saipem Secures EPCI Contract for TAP Pipeline
Thursday, April 14, 2016 Saipem S.p.A secures a new EPCI (Engineering, Procurement, Construction and Instalation) contract for the offshore section of the Trans Adriatic Pipeline project from Trans Adriatic Pipeline AG.
Saipem Shares Fail to Open After Stake Placed at Discount
Tuesday, March 08, 2016 Shares in Saipem failed to open in early trade after sources said banks had placed around 700 million shares at a discount on Monday.
CIMIC-Saipem JV Issues Notice of Dispute on Gorgon Contract to Chevron
Tuesday, February 23, 2016 The CIMIC-Saipem consortium issues a notice of dispute to Chevron regarding the Gorgon LNG and Marine Structures Project in Australia.
Saipem Counting the Cost of Going Solo in Low Oil Price World
Friday, February 12, 2016 Low oil prices and little sign of recovery anytime soon leaves Italian oil contractor Saipem ill-prepared to cope with a new life independent from its former parent Eni.
Kommersant: Saipem, Technip Among Bidders for $4B Nord Stream Tender
Wednesday, January 13, 2016 Italy's Saipem and France's Technip are among the companies vying for a $4 billion contract to expand the Nord Stream gas pipeline, Russian business daily Kommersant reports citing sources.
Aker Solutions, Saipem to Collaborate on Subsea Projects
Friday, December 18, 2015 Aker Solutions and Saipem agree to cooperate on targeted subsea oil and gas development projects worldwide.
RGU's Oil & Gas Institute Makes Key Appointments
Monday, December 07, 2015 Robert Gordon University appoints a Drilling & Wells Excellence Manager and Commercial Manager to its Oil & Gas Institute.
Inpex Completes Laying a 553-Mile Subsea Pipeline for Ichthys LNG Project
Thursday, November 05, 2015 Inpex completes work to lay a 553-mile subsea pipeline for the Ichthys liquefied natural gas project offshore Australia.
Saipem Plans 3.5B Euro Rights Issue as Eni Steps Back
Wednesday, October 28, 2015 Italian oilfield services contractor Saipem asks investors to pump in fresh capital to help it weather the recession in the sector.
Saipem Secures Services Contracts worth almost $700M
Friday, October 09, 2015 Saipem secures new offshore engineering and construction contracts worth almost $700 million.
Polish LNG Terminal Seen Ready for Commercial Use in 2Q 2016
Wednesday, September 09, 2015 Poland's liquefied natural gas terminal on the Baltic Sea will be ready for commercial exploitation in the second quarter of 2016, according to Polskie LNG.
Saipem Says Milan Prosecutors Open Corruption Probe On Brazil Contract
Wednesday, August 12, 2015 Saipem says it received notice that Milan prosecutors had opened an investigation into alleged international corruption regarding a contract the oil services group was awarded in Brazil in 2011.
Shell, Centrica to Cut More Than 12,000 Jobs by 2020
Thursday, July 30, 2015 Shell and Centrica reveal plans to axe more than 12,000 jobs by 2020.
Oil Contractor Saipem Slashes Guidance And Jobs In Turnaround Plan
Tuesday, July 28, 2015 Saipem slashes its guidance for the year as it books writedowns of $1B and announces a restructuring plan that includes 8,800 job losses as it cuts costs to counter falling oil prices.
Saipem Hires Bain to Get in Shape for Cheaper Oil
Friday, July 24, 2015 Italian oil contractor Saipem is working with consultant Bain & Company to draw up a restructuring plan to help it cut costs and counter falling oil prices.
Saipem Loses Gazprom Contract on Black Sea Link Over Disputes
Thursday, July 09, 2015 Saipem, Italy’s biggest oil-and-gas contractor, loses its $2.2-billion contract to lay a Russian natural-gas pipeline under the Black Sea after its fleet waited for the start of the work for seven months.
Statoil to Suspend Saipem Rig Contract
Wednesday, July 01, 2015 Norway's Statoil will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio.
Polish Minister to Meet Builder Saipem on Delayed LNG Terminal
Monday, June 29, 2015 Polish treasury minister Andrzej Czerwinski will meet Italian construction firm Saipem next week to ensure a liquefied natural gas terminal opens in 2015 after numerous delays.
Aker Solutions Signs Contract with Saipem for First Order Offshore Mexico
Wednesday, June 03, 2015 Aker Solutions has won its first order for a project offshore Mexico, after securing a contract with Saipem to supply umbilicals for the Lakach field.
Kongsberg Clinches $10M Contract from Saipem for Ichthys LNG Project Off WA
Wednesday, April 15, 2015 Kongsberg clinches $10 million contract from Saipem to deliver subsea structures for the Ichthys gas project offshore Western Australia.
Saipem and Dangote Form JV to Tap Central/West African Market
Thursday, April 02, 2015 Saipem and Dangote establish the Saipem Dangote E&C joint venture to tap engineering and construction projects in Nigeria and Central/West Africa.
Eni Designates Stefano Cao As New Saipem CEO
Thursday, April 02, 2015 Stefano Cao was designated chief executive of Italian oil contractor Saipem by the company's main shareholder Eni.
Saipem Says Needs More Money to Finish Poland's LNG Terminal
Monday, March 30, 2015 Saipem will complete the delayed construction of Poland's liquefied natural gas terminal this summer, but only if it receives further payment, Polish daily Rzeczpospolita says, quoting Saipem's spokeswoman.
Saipem Misses Guidance Due To Balance Sheet Clean Up, Wary On 2015
Monday, February 16, 2015 Saipem misses full-year forecasts and gives a wary outlook for 2015 after booking more than $567 million of charges to clean up a balance sheet damaged by falling oil prices.
Saipem Scoops Up Contract for Kashagan
Friday, February 06, 2015 Saipem has been awarded a major new Engineering & Construction contract for the Kashagan field project.
Saipem Could Lose $1.55B in 2015 Revenue on South Stream
Wednesday, December 03, 2014 Italian oil services firm Saipem may lose $1.6 billion in revenue in 2015 due to Russia's apparent cancellation of the South Stream gas pipeline project.