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…
Baker Hughes has been awarded a contract to supply advanced compression solutions to Saipem for TotalEnergies’ Kaminho Floating Production Storage and Offloading (FPSO) project in Angola.
Baker Hughes’ centrifugal BCL compressor and Integrated Compressor Line (ICL) technology were selected because of their capacity to minimize emissions, eliminate routine flaring and reinject associated gas into the reservoir for storage.
The all-electric Kaminho…
CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a sizeable lump sum contract by the Saipem Clough joint venture for engineering, procurement and construction (EPC) of ammonia storage and other process tanks for the Perdaman Chemicals and Fertilisers Urea Plant located on the Burrup Peninsula, Western Australia.
Under the scope of the project,…
Saipem has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. The value of the contract is approximately 2 billion USD.
The award follows the completion of the bidding procedure, and the occurrence of the usual preliminary conditions requested…
Saipem has been awarded an offshore EPC contract by QatarEnergy LNG for the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program, aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar. The contract value amounts to approximately 4 billion USD.…