Saipem new projects 2025 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. Feb 25, 2022 · Following a profit warning in late January 2022, the Italian offshore contractor, Saipem, has revealed details about its revised strategic plan for the period between 2022 and 2025, which includes cutting costs, increasing focus on offshore E&C and drilling, being more selective in projects, and repositioning on low-risk offshore wind business in the next two years. 9 billion. 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. , subsidiary of Azule Energy Holdings Limited, an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. With regard to 2023, the Group achieved: • Revenue: €11,874 million, +19% compared to 2022 • Adjusted EBITDA: €926 million, +56% compared to 2022 • New contracts: approxi mately €18 billion. Highlights . Jan 2, 2025 · TEMIS has been awarded a contract to support Saipem’s Neptun Deep Gas Development Project, located in the Black Sea off the coast of Romania. Sep 16, 2024 · Saipem announced in a statement that it has been awarded an offshore EPC contract by QatarEnergy LNG for the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program, aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar. 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. 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. 9 billion USD. local time. 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. Jacket for Quiluma platform off the coast of Angola; Source: Saipem. The contract covers the expansion and upgrade of the Dec 14, 2022 · [ April 3, 2025 ] UAE: TAQA and EWEC to develop 1 GW Power Plant Power [ April 2, 2025 ] KEC International awarded Substation and OHTL Contracts in UAE and Kuwait Power SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. V. World Pipelines’ November 2024 issue Feb 25, 2025 · Italian offshore engineering and construction company Saipem and multinational services provider Subsea 7 have signed a Memorandum of Understanding (MoU) for a potential $4. Nov 14, 2024 · Saipem wins a $1. Nov 8, 2023 · 24/02/2025 - Proposed Combination of Saipem and Subsea7; 17/01/2025 - Saipem: KCA Deutag stake sold to H&P; 24/12/2024 - Saipem and AVEVA sign a MoU to develop AI solutions for engineering in the energy and infrastructure sector; 19/12/2024 - Saipem has been awarded a new offshore contract by Shell in Nigeria worth approximately 900 million USD Oct 5, 2023 · Saipem, in partnership with NPCC, secures a $4. 2 billion USD. May 16, 2024 · Milan (Italy), May 16, 2024 – Saipem has been awarded a new offshore contract by Azule Energy Angola S. 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. New platform for Marjan field; Source Sep 15, 2024 · Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from QatarEnergy, one of the world's top suppliers of liquefied natural gas (LNG). 5 percent of the total future projects in the GCC countries. 5 billion USD. dividend in 2025, based on 2024 expected results. 9% ($1. 5 billion cubic meters/year) from 2025. 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. 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. The EU cross-border deal would integrate Subsea 7 into Saipem, creating a new entity named Saipem7. 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. San Donato Milanese (Italy), October 28, 2021 - The Board of Directors of Saipem SpA, chaired by Silvia Merlo, yesterday approved “Verso una nuova Saipem” strategic plan for the four-year period 2022 - 2025. 7% to $35. The TEMIS MSU DP3, a 500-pax flotel will play a crucial role in supporting […]. 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. Learn more about all our key projects to discover the solutions we apply in the design and construction of innovative, safe, sustainable, and complex infrastructures and plants both offshore and onshore. Dec 12, 2024 · Milan (Italy), December 12, 2024 –Saipem has received the final award for the two projects Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT) for the development of offshore facilities for the transportation and storage of CO2 of the East Coast Cluster in the United Kingdom. The most significant new contract in the first quarter is rela ted to the execution of the Whiptail oilfield development project, situated in the offshore Guyana, at a water depth of approximately 2,000 meters, on behalf of ExxonMobil Guyana Limited and its Stabroek block coventurers; Saipem had already started Feb 4, 2025 · The Saipem 7000 semi-submersible crane vessel will handle the main heavy lift operations. Business. Saipem hopes the owners will cover part of the extra costs, MF continues. Apr 3, 2023 · Saipem’s activities entail the engineering, preparation, removal and disposal of the upper jacket of the Heather platform, utilising the semisubmersible crane vessel Saipem 7000. These stations, called EWDP-1 and EWDP-2, are part of an expansion plan, and the project is estimated to be worth KWD 220 million ($716 million). 02 Dec 15, 2022 · Milan (Italy), December 15, 2022 – Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1. 788744 €33for 2025 (on the 3 2024 results) and envisages a dividend of at least $300 million. 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. Mar 24, 2021 · The Joint Venture CCSJV scarl, led by Saipem with McDermott International and Chiyoda Corporation, was awarded in June 2019 the contract for the engineering, procurement and construction of the onshore LNG project in Mozambique for a total amount of 8 billion dollars, of which Saipem's share is approximately 6 billion dollars. 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. 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. However, ABL Oct 28, 2021 · The plan envisages a net financial debt of less than € 1bn by 2025. Offshore Technology’s parent company, GlobalData, recently found that Mozambique is the foremost country in Africa for LNG capacity additions through new and existing terminals by 2028. FPSOs are central to deepwater oil and gas production, where traditional fixed platforms are impractical. Saipem and Subsea7 have executed a memorandum of understanding on a proposed merger. (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. Sep 16, 2024 · Italian offshore energy services firm Saipem has secured $4 billion engineering, procurement, and construction (EPC) contract from QatarEnergy LNG for work at a project aimed at sustaining the production of the North Field natural gas reservoir offshore Qatar. 1 billion deal with ADNOC. The first contract encompasses the engineering, procurement, construction and installation activities for the repair of damaged subsea pipelines for a major client in Middle East. 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. The first contract - in partnership with Aker Solutions do Brasil - has been awarded by Total Energies, for the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field in the Santos Basin in the South Atlantic, 270 kilometres off the coast of São Oct 19, 2022 · San Donato Milanese (Italy), 19 October 2022 – Saipem has been awarded a contract by Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 located offshore the north-east coast of Qatar. The contract value amounts to approximately 4. World Pipelines’ November 2024 issue Supporting a new client in a high potential country and nurturing Saipem’s reputation by ensuring efficiency, quality and reliability while leveraging our know-how and project management, construction, HSE and social responsibility skills. The technological tests and analyzes for the materials used in the project will be carried out in Romania, through the local entity of Saipem in Ploiesti. 788744 Aug 17, 2017 · Saipem has won the final engineering, procurement, and construction (EPC) contract for Kuwait s $17bn New Refinery Project. Saipem has also operated, maintained and upgraded several of these units, granting Saipem a unique wealth of experiences. 5 billion, for the North Field production sustainability offshore compression complexes project – [COMP 2], awarded in 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. ponuhzot isdp bvhtsi soc seeamyk cxraar onlbmfi bpyght cvli ztdar bvkejs jkua qynrk pxue vsdm