SAIPEM
Saipem is a prominent engineering, drilling, and construction services company that operates predominantly in the energy and infrastructure sectors. It has a substantial presence on a global scale and is renowned for its comprehensive expertise in both offshore and onshore projects. Here are some key aspects about Saipem:
History and Background
- Founded: Saipem was established in 1957 and is headquartered in Milan, Italy.
- Ownership: Historically, Saipem has been linked with the Italian energy behemoth Eni S.p.A., which has been a significant shareholder, although the company operates as a separate entity.
Key Areas of Operation
Engineering & Construction:
- Offshore Projects: Saipem is heavily involved in the development of offshore oil and gas platforms, floating production units, subsea pipelines, and other infrastructure essential for deepwater oil and gas extraction.
- Onshore Projects: The company also specializes in the construction of refineries, gas treatment plants, and pipelines.
Drilling Services:
- Offshore Drilling: Saipem provides drilling services involving the use of semi-submersible rigs, drillships, and jack-up rigs for deepwater and shallow water operations.
- Onshore Drilling: The company offers rig services for onshore exploration and production activities.
Renewable Energy: Saipem is diversifying its portfolio to include renewable energy projects, such as the development and construction of wind farms and other sustainable energy solutions.
Decommissioning: Saipem also offers services related to the decommissioning of oil and gas installations that have reached the end of their operational life.
Innovations and Technologies
- Digitalization and Automation: Saipem leverages cutting-edge technologies such as digital twins, IoT (Internet of Things), and automation to enhance the efficiency and safety of its operations.
- Sustainable Practices: The company prioritizes sustainability, aiming to minimize environmental impact and contribute positively to the communities where it operates.
Global Presence
Saipem operates in multiple regions:
- Europe: Extensive operations in Italy, the North Sea, and other parts of the continent.
- Middle East and Africa: Significant projects in countries like Saudi Arabia, Nigeria, and Egypt.
- Americas: Active in both North and South America with various oil and gas ventures.
- Asia-Pacific: Engaged in numerous projects in Southeast Asia, Australia, and other parts of the region.
Financial Performance
Saipem is listed on the Milan Stock Exchange and has a diverse shareholder base. The company's financial performance is closely watched by investors, given its high-profile contracts and significant role in the energy sector.
Challenges and Future Outlook
- Market Volatility: The company faces challenges due to fluctuating oil prices, geopolitical uncertainties, and evolving environmental regulations.
- Energy Transition: With the global shift towards renewable energy, Saipem is investing in new technologies and projects to adapt to the changing energy landscape.
Overall, Saipem remains a key player in its industry, known for its ability to undertake complex and large-scale projects worldwide.
Oil & Gas Services
- Phone: +39 02 520 54480
- Web: www.saipem.it
- Fax: +39 02 520 34617
Locations
Saipem News
Saipem Confirms Shell's Gato do Mato FPSO LNTP
Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil.The oil and gas field is located around 200 km offshore Brazil in the Santos Basin, in water depths of around 2,000 meters.The LNTP is valued at up to $50 million.
Bourbon Extends Support for Construction at BP's GTA Hub
Bourbon Mobility said it has been tapped to provide additional support Saipem for the construction of the liquefied natural gas (LNG) terminal on BP’s Greater Tortue…
'Lifting Incident' - Saipem's Giant Crane Vessel Tilts in Norway with 275 People Aboard
Saipem 7000 - File Photo - Credit:Saipem Saipem 7000, Saipem's giant semi-submersible crane vessel, tilted in a fjord in Norway with 275 people aboard, the Norwegian news website vg.no has reported.According to the website, which cited eyewitness accounts, "loud bangs" could be heard on Thursday morning before the 197.95 meters long vessel, with a free deck area of 9,000 m2, listed in Åmøyfjorden outside Stavanger.VG also said there were 275 people on board…
Petronas Awards FEED Contracts for Third LNG Floater
Malaysian oil and gas giant Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah. The project, with a minimum capacity of 2.0 million tonnes per annum (MTPA) is a first of its kind in Malaysia,…
ABS to Class FPSO Pair Being Built for Petrobras Buzios Field
The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class.The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin.ABS said that the fact the FPSO duo would be built to its Class demonstrated ABS’ continued leadership in the industry, with ABS Class accounting for 60% of all FPSOs in service.
Saipem Charters Ultra-deepwater Drillship from Samsung Heavy Industries
Italian oilfield services giant Saipem has chartered a newbuild drillship directly from South Korea's Samsung Heavy Industries shipyard.Saipem expects the drillship - named Samsung Santorini - to be delivered in November 2021, when the Italian firm will take the 7th generation rig on a two-year charter. No dayrate details have been shared. Recent fixtures for 6th/7gen rigs saw dayrates in the $190.000-$210.000 per day range…
Petrobras Orders $2.3B FPSO from Saipem, DSME JV
Italian offshore engineering and construction firm Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), has won a contract with Brazil's Petrobras to build an FPSO for the Búzios offshore field in Brazil.The FPSO P-79 project is worth overall approximately $2.3 billion. Saipem’s portion is approximately $1.3 billion.The FPSO vessel will allow…
Harland & Wolff to Build NnG Offshore Wind Farm Jackets in Methil, Creating 290 Jobs
InfraStrata's Harland & Wolff has won a contract with Saipem to build and load out eight wind turbine generator (WTG) jacket foundations for the EDF Renewables and ESB Energy-owned Neart na Gaoithe offshore wind farm project, located in the outer Firth of Forth in Scotland.The contract value is around £26million (~$35,7 million), with the contract scheduled to start from July 1, 2021.The works for fabrication…
Vroon PSVs Support ENI's Drilling Campaign Offshore Mozambique
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing platform-supply vessels VOS Princess and VOS Principle in support of the drillship SAIPEM 12000.ENI’s campaign will resume in the second half of December, after a suspension due to the COVID-19 pandemic.
Saipem Crew in Isolation after COVID-19 Case on Pipelaying Vessel
Several crewmembers aboard Saipem's offshore vessel FDS in a port in the Netherlands have been placed in isolation after a confirmed COVID-19 case aboard.As reported by Saipem last Friday, one crewmember on the pipelayer was disembarked and transferred to isolation after he was confirmed positive.Responding to Offshore Engineer's requests on how many people were tested, and how many were on board the vessel…
Saipem Takes Over Norce Endeavour Vessel
Italian oilfield services provider Saipem has taken delivery of the DLB Norce Endeavour lay pipe barge from Solstad Offshore.As previously reported, following a charter period, Saipem in March elected to buy the vessel from Solstad.The vessel was delivered to Saipem Portugal Commercio Maritimo Limitada, the Portuguese subsidiary of the Italian oilfield services provider Saipem, has signed a deal with Solstad Offshore to hire DLB Norce Endeavour lay pipe barge…
Saipem Employee Dies of 'Natural Causes' Aboard Offshore Vessel
A Saipem employee died last Friday aboard the company's offshore vessel FDS in a port in the Netherlands. Saipem said that the death occurred "due to natural causes" not related to coronavirus.
Saipem Inks Deal with Equinor on Floating Solar Farm Tech
Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm."The agreement with Equinor goes in the direction taken by Saipem and Moss Maritime to develop new technologies related to clean energy…
Saipem Buys Solstad's Norce Endeavour Vessel
Italian oilfield services company Saipem has agreed to buy Solstad Offshore's lay barge vessel DLN Norce Endeavour.Saipem had in December 2019, chartered the vessel from Solstad Offshore. The charter included an option for Saipem to acquire the vessel."Saipem has now decided to declare the purchase option for DLB Norce Endeavour. Delivery of the vessel to Saipem is scheduled to April 2020," Norway-based Solstad Offshore said Friday.Solstad did not disclose the sale price of the vessel.
Offshore Energy Outlook for 2020
The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn. Operators, service companies and equipment suppliers have been forced to adjust to oil selling at prices well below the $100+ per barrel mark seen in years past. As of this writing, Brent oil was hovering around $62 per barrel…
SCD JV Win $10bln NLNG Train7
The Nigerian Liquefied Natural Gas Company (NLNG) signed a “letter of intent” with SCD JV as preferred bidder to construct the $10bn NLNG Train 7 project.SCD JV…
MTR100: Five "Ones to Watch"
For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes…
Saipem Joins JV for Arctic LNG2 Project
Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in…
Pipelayer Blast Injures 14
An explosion has struck an oil-industry vessel in the Caspian Sea, injuring 14 people, the ship's operator, Italian engineering firm Saipem, said on Thursday.The ship, the Israfil Huseynov, was involv
Italy's Saipem Strikes Deal with Turkish Renaissance for Arctic LNG-2
Italian oil and gas industry contractor Saipem and Turkey's Ronesans signed a joint venture (JV) agreement for infrastructure construction for Russian Federation's…
