Saipem new projects 2025 The first … FY 2024 Results and 2 Strategy Update This communication does not constitute an offer or an invitation to subscribe for or purchase any securities. The New Gas Consortium (NGC) tasked Saipem in August 2022 with three contracts, one onshore and two offshore Nov 15, 2024 · Moreover, it consolidates Saipem’s presence in South America and reinforces the company’s track record in the development of complex subsea projects. dividend in 2025, based on 2024 expected results. Floating production development started in the early 90s and since then, Saipem has successfully delivered or studied for its clients more than 25 projects for all kinds of units. Business. Highlights . BP, Shell, and Exxon Signal One Feb 23, 2025 · * The MoU allows Saipem and Subsea7 to make shareholder distributions of up to $350 million each in 2025, in the form of dividends(8)(,)(9) * In 2026, if the Proposed Combination is not completed before the approval of the full year 2025 results of Saipem and Subsea7, the two companies could Sep 19, 2024 · Following a recent string of multibillion-dollar offshore assignments in the Middle East, Italy’s engineering, drilling, and construction services provider Saipem has won another such deal for work at an oil and gas field off the coast of Saudi Arabia, which the country’s energy giant Aramco operates. 5 billion cubic meters/year) from 2025. Jan 13, 2025 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Jacket for Quiluma platform off the coast of Angola; Source: Saipem. and BP Exploration (Angola) Limited), Sonangol P&P, Chevron, TotalEnergies, for the Engineering, Procurement and Construction (EPC) activities relevant to the Apr 3, 2023 · The first contract has been assigned by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 km offshore Angola, about 20 km west of the 6 days ago · April 2, 2025 SaudiGulf Projects Saipem announces that it has been awarded new contracts in Middle East and Guyana for a total amount of approximately 720 million USD. 2. Saipem and Subsea7 have executed a memorandum of understanding on a proposed merger. 5 percent of the total future projects in the GCC countries. Apr 2, 2025 · Milan (Italy), April 2, 2025 – Saipem has been awarded new contracts in Middle East and Guyana for a total amount of approximately 720 million USD. 53 trillion) of total projects, followed by the … Aug 10, 2023 · This contract awarded to Saipem is part of Eni’s Congo LNG Project, the country's first natural gas liquefaction project that is expected to reach an overall liquefied natural gas (LNG) production capacity of 3 million tons per year (approximately 4. The facility has a of tenor Jan 16, 2025 · The EUR460 million project involves the construction of 64 turbines and is scheduled to start operation in 2026 instead of 2025. 9 billion contract for engineering work on the $10. Oct 21, 2024 · • The total value of future projects in Kuwait amounted to $108. At the beginning of 2000 Saipem delivered the first 6 trains. In addition, Saipem has been awarded by bp a contract Sep 15, 2024 · SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. Oct 5, 2023 · Milan (Italy), October 5, 2023 – Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed today a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. The technology will be used for two floating offshore wind projects — 7 Seas Med off the coast of Sicily and Ichnusa Wind Power off the coast of Sardinia. 63 billion merger. The first contract has been awarded by ExxonMobil’s subsidiary ExxonMobil Guyana Limited for the proposed Whiptail oilfield development located in the Stabroek block offshore Guyana, at a water depth of approximately 2,000 meters. Feb 24, 2025 · As the two companies consider each other complementary in terms of market offerings and geographies, their managements see this as a logical step, particularly considering the growing size of clients’ projects. Saipem said the project is progressing and it’s now working on the second socket, while preparing to install the first monopile. Shares Sink. Furthermore, Saipem has been awarded two Front-End Engineering Design (FEED) Competition contracts for gas development projects. Saipem has also operated, maintained and upgraded several of these units, granting Saipem a unique wealth of experiences. 788744 Aug 11, 2022 · San Donato Milanese (Italy), August 11, 2022 - Saipem has been awarded three new contracts (one onshore and two offshore) by the New Gas Consortium composed by two wholly owned subsidiaries of Azule Energy (Eni Angola Exploration B. m. 788744 Aug 17, 2017 · Saipem has won the final engineering, procurement, and construction (EPC) contract for Kuwait s $17bn New Refinery Project. The development of this complex project was a major challenge due to the very shallow waters, the extreme environmental conditions, the severe environmental requirements, and access limitations to the Caspian Sea, which all led Saipem to develop unique innovative Jan 14, 2025 · The platform, set to be used on a natural gas project in Africa, is perceived to be Angola’s first non-associated gas development. The Italian contractor bid $842m for the contract. Oct 1, 2024 · MEED said that the Central Agency for Public Tenders has set a new deadline of November 10 for both projects: the first is a project to develop sewage disposal stations for injection wells. Saudi Aramco has awarded Italian contractor Saipem an estimated $2bn-2. Mar 5, 2025 · Milan (Italy), March 5, 2025 - Saipem and Divento, a partnership between Copenhagen Infrastructure Partners (CIP, through the “flagship” fund Copenhagen Infrastructure V), GreenIT, a joint venture between Plenitude (a Company controlled by Eni) and CDP Equity (CDP Group), 7 Seas Wind Power and NiceTechnology, have signed a collaboration agreement involving the application of STAR 1, Saipem Sep 5, 2024 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. The contract is worth $1. With continued investment in the offshore sector, several FPSO projects are expected to shape the landscape by 2025: Brazil: Feb 23, 2025 · Creating a global leader in energy services. Milan, Luxembourg, 23 February 2025 - Saipem and Subsea7 announce that today they have reached an agreement in principle on the key terms of a possible merger of the two companies [1] (the “Proposed Combination”) through the execution of a memorandum of understanding (the “MoU”). local time. The Scarborough project will be mainly conducted by the Castorone vessel, our versatile and state-of-the-art asset Dec 19, 2024 · Milan (Italy), December 19, 2024 - 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. 54 billion) Mar 5, 2025 · Italy's Saipem has signed a collaboration agreement with Divento, a consortium led by Plenitude, CDP and Copenhagen Infrastructure Partners, for floating offshore wind projects in Italy, the 4 days ago · The duration of the project is expected to last 4 years. The companies aim to reach agreement on the terms of the combination around mid-2025, and to conclude the process in the second half of 2026, following receipt of shareholder and other relevant approvals. The first discovery well in the Neptun Deep project was drilled in 2011, following 3D seismic acquisition campaigns in 2007 and 2008. This NLNG T7 project is a key part of both NLNG’s and Nigeria’s growth and expansion, which will deliver an increased production of 30 MTPA of LNG by developing a 7th Complete Train (CT) and a Common Liquefaction Unit, one new LNG jetty (in addition to two existing jetties), one new Condensate Stabilization Unit (CSU), utilities, flares Aug 3, 2023 · The gas processing platform will be fabricated at Saipem’s yards in Italy and Indonesia, and the offshore operations will be performed by the Saipem 7000 and JSD 6000 vessels. 4 billion in October 2024, representing 7. Jan 11, 2022 · Francesco Caio, CEO and General Manager of Saipem, commented: “The award of these contracts represents a significant confirmation of the trust of our clients in Saipem’s ability to execute complex offshore projects worldwide. Towards a sustainable business Saipem People is the new video series by Saipem, a true journey that begins from a new perspective, that of the brilliant professionals who are the beating heart of our reality. Saipem is “One Company” organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. This extended agreement focuses on constructing new biorefineries Mar 12, 2007 · 02/04/2025 - Saipem awarded new offshore contracts for a total amount of approximately 720 million USD; 31/03/2025 - Saipem: full notice to proceed from Stockholm Exergi for the execution of a large-scale Bioenergy CO2 capture project in Sweden; 24/02/2025 - Proposed Combination of Saipem and Subsea7; 17/01/2025 - Saipem: KCA Deutag stake sold Saipem: new €600 million revolving credit facility . 2 billion USD. The backlog at the end of 2023 stood at €29,802 million, of which over 70% from Offshore business projects, both Engineering & Construction and Drilling. . 5bn contract that involves the engineering, procurement, construction and installation (EPCI) works for several structures at the Marjan oil and gas field development in Saudi Arabia. The documents were signed at a ceremony on 15 August, according to a source close to the scheme. Milan (Italy), February 1 1, 2025 – Saipem ha s entered into a new 600 million euro ‘Revolving Credit Facility’ with a pool of fourteen leading national and international financial institutions. Discover more Feb 28, 2024 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. (APCI C3‐MR technology), new export jetty and brownfield interconnections The NLNG T7 project has the objective to expand the existing 21 MTPA facility with a new liquefaction facility for 8 MTPA additional LNG capacity. Nov 29, 2023 · Milan (Italy), November 29, 2023 – Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately 1. To implement its new strategy, Saipem will adopt a new organizational model divided into 4 distinct business areas, each one with different dynamics, objectives, skills. The new global organization called Saipem7, with a combined backlog of €43 billion, revenue of approximately €20 billion, and from April 2025 Temporarily suspended from 2Q 2024 Saipem leasing with jack-up owner expires in 4Q 2024 Extension by 12 months until the end of 2026 Extension priced at improved terms vs current day-rate Farm-out to Galp in Namibia in 4Q 2024 Namibia is a strategic new market for Saipem Scarabeo 8 Santorini Jack-up leased by Saipem (not owned) The Kashagan field, located in the North Caspian Sea (Kazakhstan), is one of the largest oil fields discovered in the past 30 years. The TEMIS MSU DP3, a 500-pax flotel will play a crucial role in supporting […]. Jan 20, 2023 · 02/04/2025 - Saipem awarded new offshore contracts for a total amount of approximately 720 million USD; 31/03/2025 - Saipem: full notice to proceed from Stockholm Exergi for the execution of a large-scale Bioenergy CO2 capture project in Sweden; 24/02/2025 - Proposed Combination of Saipem and Subsea7; 17/01/2025 - Saipem: KCA Deutag stake sold Sep 4, 2024 · The Saudi energy giant created a $1. ungu unew vcxh krgxl slew npsaap hxsp qrjfnw vbop lezs tztac axhu xuesgn dvcq arvrlxnu