Saipem has been authorized by ExxonMobil Guyana Limited to proceed with the engineering, procurement, construction, and installation (EPCI) activities for the Hammerhead oil field development, located in the Stabroek block off Guyana at a depth of approximately 1,000 meters. The contract is valued at around $500 million USD.
Earlier, on April 2, 2025, Saipem announced the…
Saipem has announced that Aker BP has exercised its option to extend the existing contract for the semi-submersible drilling rig Scarabeo 8. The extension, following a previous one-year renewal, will keep the rig in operation through to the end of 2027.
Scarabeo 8 will continue working offshore Norway for Aker BP, supporting ongoing exploration and production activities.…
Saipem has been awarded a new contract by Enilive – Eni’s subsidiary focused on biorefining, biomethane production, smart mobility solutions, and the distribution of energy carriers for mobility. The contract, valued at approximately €155 million, covers engineering, procurement, and construction (EPC) activities for the expansion of the Enilive biorefinery in Porto Marghera, near Venice.
The award…
Saipem has been awarded a FEED (Front End Engineering Design) contract by Sonatrach, related to the Phosphate Integrated project for fertilizer production in Algeria.
The contract was awarded through a competitive dual FEED process, which provides for design work to be conducted by both Saipem and a competing operator. Sonatrach will then select the best…
Saipem has been awarded a contract by Eni in the UK for the Liverpool Bay CCS project. The value of the contract is estimated approximately 520 million euros over the three years required to complete the project.
The Liverpool Bay CCS project will serve the HyNet industrial cluster, situated in one of the UK’s most…
Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.
With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders, known as CRPOs (Contract Release…
Saipem has been awarded new contracts in Middle East and Guyana for a total amount of approximately 720 million USD.
The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities for the repair of damaged subsea pipelines for a major client in Middle East. The duration of the project is expected to last 3 years and it emphasizes the growing importance of the…
Saipem and Subsea7 has announced that they have reached an agreement in principle on the key terms of a possible merger of the two companies (the “Proposed Combination”) through the execution of a memorandum of understanding (the “MoU”). The Proposed Combination is expected to create a global leader in energy services.
Highlights
The combination…
Saipem, in consortium with KOA Oil & Gas and AVEON Offshore, has been awarded a new offshore contract by Shell Nigeria Exploration and Production Company Limited (SNEPCo) for the Bonga North Project, relevant to the development of a deepwater oil field, 130 km off the coast of Nigeria. The overall value of the contract is about…
Saipem has received the final award for the two projects Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT) for the development of offshore facilities for the transportation and storage of CO2 of the East Coast Cluster in the United Kingdom. The overall value of the two projects is approximately €650 million, with a…
Saipem, together with its consortium partner PT Meindo Elang Indah, has been awarded an offshore EPCI contract by BP Berau Ltd. The EPCI contract is part of an integrated project known as Tangguh UCC Project comprising of Ubadari field development, enhanced gas recovery through carbon capture, utilization and storage (EGR/CCUS) and onshore compression, operated by…
Saipem has been awarded an EPCI contract by TotalEnergies EP Suriname B.V., a subsidiary of TotalEnergies, for the subsea development of the GranMorgu project, located in the Block 58 oil and gas field, 150 km off the coast of Suriname. The contract is worth 1.9 billion USD.
The full project, expected to last 5 years…