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Saipem Spa News

01 Oct 2014

Samsung Heavy Venturing Overseas

SHI is ready to invest around $950 million in the overseas shipbuilding facility by 2017, according to SHI’s Chief Financial Officer Chun Tae Heung. Tankers, bulk ships and smaller container vessels might in the future be built in Malaysia, Indonesia or Vietnam, Chun said. SHI is trying to move the production of lower-margin vessels abroad in an effort to cut costs, while reserving domestic operations for building oil-exploration products and larger ships. The shift of attention towards overseas options is in line with the latest merger within the Samsung Group which was carried out to enable SHI to compete successfully with its European rivals Saipem SpA (SPM) and Technip SA. (TEC). ”We believe there will be demand for offshore oil and gas projects in the long term.

03 Apr 2014

Petrobras Setbacks Threaten 2014 Production Goals

Brazilian state-run oil company Petroleo Brasileiro SA suffered another setback in its effort to boost oil output last month when Italian contractor Saipem SpA dropped a 2.3 km steel pipe into the Atlantic Ocean. On March 16, the rigging used to wrangle the pipe into position on a floating oil platform failed, and the high-grade, metal-alloy tubes plunged about 1,800 meters (5,900 feet) to the seabed, a total, crumpled loss. The pipe itself was worth about $2 million but the cost of the accident will be much higher, two sources with direct knowledge of the situation told Reuters. By setting back efforts to expand Roncador, Brazil's No. 2 oil field, by at least a month, Petrobras will lose tens of millions of dollars in oil output, salaries and equipment leases when it can least afford it.

14 Sep 2012

Barents Sea Drill Rig Stability Incident to be Investigated

The Petroleum Safety Authority Norway (PSA) will investigate the recent stability incident on the mobile rig 'Scarabeo 8'. Scarabeo 8 is a semi-submersible drilling facility owned by Saipem SpA Norwegian Branch (Saipem). The facility is currently engaged in exploration drilling for Eni Norge on well 7220/10 in the Barents Sea. Just after 15:00 hours on Tuesday, 4 September, the Scarabeo 8 developed a 5.7-degree list due to unintentional filling of a ballast tank. The incident triggered an alarm and mustering of personnel. There were 140 people on board when the incident occurred.The situation was normalised during the course of an hour. Preliminary findings indicate that the incident was caused by incorrect operation of equipment.

23 Apr 2002

Industry Leaders Elected To ABS Membership

Twenty-four prominent shipping industry executives have been elected as new Members of ABS bringing the classification society's worldwide membership to 817. The members, each eminent in their maritime field of endeavor, provide broad governance and oversight of ABS. Members are drawn from various sectors of the marine, offshore and related industries worldwide. Timothy J. Lawrence R. James J. John R. RADM. Robert C. Vittorio Portunato, Managing Director, Portunato & C.S.R.L. John F. Reinhart, CEO, Maersk Line. William J. H. W.

11 Oct 2006

Saipem Wins $840m Contract

Saipem SpA said it has won an $840m, five-year contract from Eni Norge for rental of its new semi-submergible deepwater drilling vessel Scarabeo 8. The contract is for drilling in the North Sea between the third quarter of 2009 and the third quarter of 2014, with an option for the client to extend the contract for another two years, it said. The hull of the new vessel is under construction in the Severodvinsk yard in Russia, while the drilling superstructure will be installed at a west Europe shipyard, which has still to be chosen. Source: Forbes

30 Jun 2006

Gilman Named DMT Chairman of the Board

Deep Marine Technology, Inc. announced the election of Bruce C. Gilman to Chairman of the Board. A businessman with CEO level management expertise, Gilman’s four decade Subsea Career is highlighted with professional accomplishments such as President of both Perry Offshore & Oceaneering International Inc.; President and Founder of Sonat Subsea Services; President, CEO & Director of Sonsub Inc., and Chairman and President of Saipem Inc., the US Subsidiary of Saipem SpA.

25 Aug 1999

ABB Unit Awarded Deep-Water Drillship System

The U.S. leg of ABB has won a $15 million contract for construction of a riser system for a new build drillship designated to operate in up to 10,000 ft. of water. With a scheduled delivery sometime during the second quarter of 2000, Saipem SPA of Milan, Italy granted this right to ABB Vetco Gray with construction to be done at Samsung Yard in Korea. The rig will incorporate both standard equipment, as used in most deep water rigs, as well as specific components that will be adjusted to comply with specific requirements. The 3.5 million pound rig will be outfitted with an advanced high capacity riser connector to handle its large size.

11 Sep 2001

$230M Offshore Contract Announced

Saibos CML, an equally-owned subsidiary of Bouygues Offshore and Saipem SpA, has been awarded a contract for the Kizomba A Development Project in Angola for an approximately total amount of $230 million (Bouygues Offshore's share: approximately $115 million). Esso Exploration Angola (Block 15) Limited (Esso), a subsidiary of Exxon Mobil Corporation, is the operator (40%). Other participants include BP Exploration (Angola) Limited (26.67%), Agip Exploration Angola B.V. (20 %) and Statoil (13.33%). Sonangol is the concessionaire. The three-year contract covers: Engineering, procurement, construction and installation of flowlines for fluid transfer and an umbilical from the FPSO (Floating Production Storage and Offloading) to supply the TLP (Tension Leg Platform) with electricity…