Saipem News

30 Oct 2019

Oilfield Services Firms Moving Beyond Oil

Graph: Rystad Energy

Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward.In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers. This share grew to 27% in 2018.According to Rystad Energy, the trend to accelerate in the next decade.“If pure-play contractors within drilling, well services and seismic – which don’t have much to offer outside the upstream oil and gas industry – are removed from the equation…

17 Oct 2019

GTT LNG Carrier Orders at Record Highs

Pic: Gaztransport & Technigaz

Gaztransport & Technigaz (GTT), a company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, said its business activity was marked by a number of successes during the first nine months of 2019, particularly in the field of LNG carriers.In addition to the 26 orders for LNG carriers booked during the first half of the year, there were an additional 14 bookings in the third quarter of 2019, i.e. a total of 40 LNG carrier orders during the first nine months of 2019.GTT's core business activity is…

13 Sep 2019

SCD JV Win $10bln NLNG Train7

Image: Nigerian LNG

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  is a joint venture consortium comprising Saipem, Chiyoda and Daewoo."SCD JV is the preferred bidder for  the contract for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project after a competitive FEED contract," said NLNG.The intended award of the EPC contract is conditional upon the approval of Nigeria LNG Limited’s board of directors and shareholders…

09 Sep 2019

Transforming Mid-Scale Liquefied Gas

Image Credit: SSRC Technologies.

The Type B Mid-Scale Containment Solution.SSRC Technologies AS introduces a novel containment solution for small and mid-scale liquefied gas carriers. The Type B containment system provides excellent thermal performance, low weight and ease of fabrication. In cooperation with world-renown Moss Maritime AS, the patented Type B containment system has been specifically developed for the mid-scale LPG, NH3, Petchem and LNG markets. The SSRC system is also uniquely suited to scalable floating storage and regasification solutions…

06 Sep 2019

Green Light for Arctic LNG 2

Image: Novatek

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million tons per year (Mt/y) and is expected to export its first LNG cargo by 2023, the second and third train to start up by 2024 and 2026.Total has a direct 10% interest in Arctic LNG 2 alongside Novatek (60%), CNOOC (10%), CNPC (10%) and a Mitsui-Jogmec consortium, Japan Arctic LNG (10%).

22 Aug 2019

MTR100: Five "Ones to Watch"

Saipem’s Hydrone R – in the flesh and ready for real world testing. Image from Saipem.

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 of operation are entering the underwater domain for oil and gas operations and…

13 Aug 2019

DNV GL's ShipManager for Saipem 7000

Saipem 7000 (Photo courtesy of DNV GL)

Saipem, a energy and infrastructure solution provider, is implementing DNV GL’s hull planned maintenance system, ShipManager Hull, based on 3D digital twins of crane and pipelaying vessels.DNV GL will supply its advanced software, ShipManager Hull, for implementation on five vessels of the Saipem fleet. It will start with Saipem 7000, one of the world's largest crane vessels with a lifting capability of 14,000 tonnes at 42 meters. Indeed, crane vessels are exposed to high stresses during lifting, demanding particular attention to structural integrity.

05 Aug 2019

Saipem Joins JV for Arctic LNG2 Project

Image: Novatek

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 the west of Siberia.The subsidiary of Eni said in a press release that it has has reached an agreement with Technip France SA and NIPIgaspererabotka to participate in the Joint Venture for the realization of the Arctic LNG2 project.The project has been awarded by Arctic LNG2, a company formed by Novatek JSPC (60%) and Ekropromstroy Ltd (40%).It comprises the detailed design…

23 Jul 2019

Eni Begins Hull Work at Coral South FLNG

Eni’s Coral Sul FLNG vessel (Image: Eni)

Italian energy major Eni has started installation works on the hull of the Coral Sul floating liquefied natural gas (FLNG) treatment and liquefaction unit that will be moored offshore in Mozambique.According to a press note from ENI, the unit is part of the Coral South project, which will put in production 450 billion cubic meters of gas from the giant Coral reservoir. The hull is expected to be launched in 2020, in line with the planned production startup of the Coral South Project…

13 May 2019

Oil&Gas Industry Records 1242 Contracts in Q1

Pic: Adnoc

The Oil and Gas industry reported 1242 contracts, of which 1178 were awarded contracts, said Quarterly Oil & Gas Industry Contracts Review.Europe, the Middle East and Africa (EMEA) region recorded the most contracts with 569 contracts, representing around 48% of the total awarded contracts in Q1 2019, followed by Americas region with 366 contracts, accounting for 31% of the total awarded contracts.Upstream sector reported 73% of the total awarded contracts, with 862 contracts.

13 May 2019

One Dead After Saipem Vessel Blast

© Maxwel / MarineTraffic.com

One of the 14 people injured after an explosion on a pipe-laying vessel in the Caspian Sea operated by Italian oil service group Saipem has died, a Saipem spokeswoman said on Monday.The explosion took place on May 8."Saipem deeply regrets to advise that one person who has been in most critical conditions has passed away," an Azerbaijan-based spokeswoman said.(Reporting by Stephen Jewkes; Editing by Mark Potter)

10 May 2019

Pipelayer Blast Injures 14

The pipelayer vessel Israfil Huseynov (File Image: © Maxwel / MarineTraffic.com)

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 involved in maintenance work linked to the Shah Deniz II project, part of the Southern Gas Corridor pipeline stretching from Azerbaijan to Europe.Saipem said seven of those injured in Wednesday night's explosion were being treated in intensive care for burns.Reporting by Giulio Piovaccari

27 Feb 2019

Global FPSO Market to Hit USD30Bln by 2025.

Pic: Saipem

The floating storage and offloading (FSO) vessel market is anticipated to surpass USD 30 billion by 2025, said a study.The FPSO market is set to witness vigorous growth on account of shifting trends toward offshore exploration & production driven by depleting onshore oil & gas reserves, said a market report by GM Insights.Development challenges including excessive costs, material transportation, environmental conditions and decommissioning associated with fixed infrastructures will further shift the industry focus toward the utilization of these vessels as an alternative…

22 Dec 2018

Arctic LNG 2 Signs Agreement on GBS Construction

Russian natural gas producer Novatek's next LNG project, Arctic LNG 2, has signed an agreement on the design and construction of gravity-based structures (GBS).The Russian company SAREN, a joint venture of Renaissance Heavy Industries Russia (RHI Russia B.V.) and SAIPEM S.p.A, will perform the work. The agreement provides for the design and construction of three GBS platforms for the Project’s natural gas liquefaction trains. The scope of work under the contract includes management, design, supply of materials and equipment, construction of three GBS structures at the NOVATEK-Murmansk plant, as well as commissioning and preparation for operations, including towing and installation of the GBS structures.

19 Dec 2018

Italy's Saipem Strikes Deal with Turkish Renaissance for Arctic LNG-2

Image: Saipem

Italian oil and gas industry contractor Saipem and Turkey's Ronesans signed a joint venture (JV) agreement for infrastructure construction for Russian Federation's Arctic LNG-2 project.Saipem said the contract for the construction of the project is worth EUR 2.2 billion (USD 2.5 billion).As leader of the JV, with a shareholding of 50%, Saipem’s portion of the total amount is therefore approximately 1.1 billion Euro, it said.The contract has been awarded by the company Artic LNG 2…

19 Nov 2018

DP Upgrade for Saipem 7000

(Photo: Damen)

One of the world's largest semi-submersible crane and pipelaying vessels has arrived in the Netherlands for an extensive six-month upgrade.The Saipem 7000 is in Damen Verolme Rotterdam (DVR) for a dynamic positioning system overhaul to meet the new closed ring DP3 configuration and ABS EHS-P notation. Under DP3 EHS-P notation, the vessel will achieve an exceptional level of redundancy with four independent redundancy groups systems.The project will include the upgrade and modification of the vessel’s power system for load sharing…

30 Oct 2018

McDermott Gets Saipem as Partner for NextDecade

Pic: McDermott

McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas."Our joint bid with Saipem will feature optimized execution strategies that result in increased certainty on schedule and cost as compared to other LNG projects on the U.S. Gulf Coast," said David Dickson, President and Chief Executive Officer of McDermott."Pursuant to NextDecade's competitive process…

24 Oct 2018

Petrofac Consortium Awarded USD 4bn Project in Thailand

Left to right: Antonio Carredu, Head of Onshore BD, Commercial and Tendering, Saipem, Sung An Choi, CEO and President, Samsung Engineering, Kuhn Atikom Terbsiri, Chief Executive Officer and President, Thai Oil, Sunder Kalyanam,  Group MD, Petrofac Engineering & Construction Growth. Photo: Petrofac

Petrofac, the international oil and gas services provider, leading a consortium with Saipem  and Samsung Engineering, has received an award notification for Thai Oil Public Company Limited’s (Thai Oil) Clean Fuels Project on the East coast of Thailand.The overall project value is around US$4 billion, of which Petrofac’s share is around US$1.4 billion, and will be completed over a period of approximately four years.The project will transform the existing oil refinery in Sriracha, Chonburi, into an environmentally-friendly facility, which will produce higher quality transportation fuels.

22 Aug 2018

Saipem Wins $700 Mln Worth of Offshore Contracts

Photo: Saipem S.p.A.

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will then perform detailed engineering…

22 Aug 2018

Hansa Heavy Lift Delivers Egina Carousel to Nigeria

Image: Hansa Heavy Lift

Hansa Heavy Lift  has transported a giant carousel together with eight reels, weighing a total of 3,508.7 metric tonnes, from Newcastle, United Kingdom to Lagos, Nigeria destined for the Egina Oil Field.The voyage took place on board the super heavy lift vessel HHL Lagos, which was mobilised in Rotterdam, the Netherlands, to prepare the vessel with additional deck strength for the extralarge carousel, which weighed over 2,200 metric tonnes including spooled product and had a diameter of over 25 metres.“Close connection between the Hansa Heavy Lift engineering…

25 Jul 2018

Saipem, Subsea 7 Discussed Tie Up a Few Years Ago

(Photo: Subsea 7)

Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday."Some 3-4 years ago, before I became CEO there were contacts and talks that did not work out," Stefano Cao said on a call on second quarter results.Cao said there was nothing in this direction today.(Reporting by Stephen Jewkes, editing by Giulia Segreti)

10 Jul 2018

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field, which has a daily output of 23…

25 Apr 2018

Subsea 7: Offer Could Change if McDermott Cooperates

File Image: A Subsea 7 offshore support vessel. CREDIT: Subsea 7

Norwegian offshore oil services firm Subsea 7 is open to potentially sweetening its $2 billion offer for McDermott if the U.S. company would work with it to identify additional benefits of a deal, Subsea said on Wednesday. The Norwegian firm's comments come a week before McDermott's shareholders vote on a planned combination with Chicago Bridge and Iron (CB&I), which McDermott's board has recommended its investors to support while rejected Subsea's proposal "Subsea 7 is open to…

Maritime Reporter Magazine Cover Dec 2019 - Great Ships of 2019

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