Saipem has been chosen by QatarEnergy LNG, alongside Offshore Oil Engineering Co (COOEC), for an offshore EPCI contract in Qatar worth about $4 billion, with around $3.1 billion for Saipem’s share.
TotalEnergies has lifted the four-year force majeure on its $20 billion Mozambique LNG project, with operations expected to start in 2029 pending government approval of an updated plan.
Saipem has strengthened its global offshore drilling orderbook with USD 135 million worth of new and extended contracts across West Africa, the Mediterranean, and the Far East.
BP awards $700 million in offshore contracts to Saipem and BOS Shelf for the Shah Deniz Compression Project, expanding Caspian gas output.
Saipem has secured three offshore engineering and installation contracts worth €600 million across Azerbaijan, the North Sea, and West Africa, reinforcing its global subsea presence.
COSCO’s semi-submersible heavy-lift vessel RED ZED 1 arrived in Malta after transporting Saipem’s CASTORO 10 from Brazil
Saipem’s semisub rig Scarabeo 9 has started drilling offshore Libya for Eni
Saipem has received authorization from ExxonMobil Guyana to execute the Hammerhead offshore project, marking its sixth major contract in the country’s Stabroek Block.
Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
