ADNOC has taken a significant step towards its Net Zero by 2045 ambition by announcing the final investment decision and contract awards for the Hail and Ghasha Offshore Development project. This groundbreaking project is set to operate with net zero carbon dioxide (CO2) emissions, aligning with ADNOC’s commitment to responsible energy production and decarbonization. The […]
Italian oilfield services company Saipem has clinched two new offshore contracts worth a staggering €850 million. The energy services company has been awarded contracts in both Côte d’Ivoire and Italy, reinforcing its presence in these critical markets. The lucrative deals involve expansive Subsea Umbilicals, Risers and Flowlines (SURF) projects and Floating Storage and Regasification Unit […]
Larsen & Toubro (L&T) said that L&T Energy Hydrocarbon has been awarded a contract by the Saipem and Clough JV (SCJV) in Australia for the fabrication and supply of process and piperack modules. These are intended for a colossal 2.3 MMTPA urea plant owned by Perdaman Chemicals and Fertilisers Pty Ltd. Strategically positioned on the […]
Saipem, an industry leader in engineering, drilling, and construction, has partnered with Stockholm Exergi, the energy company of Stockholm’s district, to work on a significant CO2 capture plant. The project, to be located at Stockholm Exergi’s existing bio-cogeneration facility in the Swedish capital, forms part of a Letter of Intent signed by the two companies. […]
Subsea 7 S.A. has been awarded a contract for the second phase of the Sakarya field development in the Turkish waters of the Black Sea. The contract, valued at over $750 million, was granted by Turkish Petroleum. The announcement of this two-phase subsea development contract was made in a redacted form on 12 May 2023. […]
Saipem has bagged a couple of new offshore contracts with a combined worth around $850 million, which include an engineering, procurement, construction, and installation (EPCI) project in the Black Sea and a decommissioning task in the North Sea. According to the Italian oilfield services company, the first contract, awarded by Turkish Petroleum OTC, is for […]
Karratha urea project : Clough, an Australian engineering and construction company, and Italy-based Saipem in consortium have bagged a contract worth around $2.7bn from Perdaman Industries for developing a urea plant in Western Australia. The urea plant will be built on the Burrup Peninsula, northwest of Karratha, on the Western Australian coastline with an investment […]
Italian oilfield services company Saipem has bagged a couple of new offshore contracts in Australia and Guyana, with a combined worth of $1.1 billion. Under the first contract, Saipem has been given the notice to proceed (NTP) from Woodside, the operator of the Scarborough gas project, offshore Australia. The Italian offshore contractor will execute the […]
Baleine oil discovery : Italian oil and gas giant Eni said that it has pulled off a major oil discovery in block CI-101 in the waters of Ivory Coast following the drilling of the Baleine prospect. Eni said that preliminarily estimates of the Baleine oil discovery suggest that it could hold 1.5 to 2 billion […]
Saipem and Daewoo Shipbuilding & Marine Engineering (DSME) have bagged a contract from Petróleo Brasileiro (Petrobras) for the construction of the P-79 floating production storage and offloading vessel (P-79 FPSO) for the Búzios oil field in Brazilian waters. Overall, the P-79 FPSO project is worth around $2.3 billion with Saipem’s share being nearly $1.3 billion. […]