On Monday, July 28, the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is the first Statoil topsides built in South Korea. The structure sailed from the yard on June 15 this year…
Italian oil and gas group Eni on Thursday confirmed a previous target for an average annual growth rate of 3 percent in oil and gas production in the period 2014-2017. In a statement Eni said its 43 percent stake in oil services group Saipem was non-core…
Italian oil services group Saipem cut its full-year guidance range for the year on Tuesday after posting a second-quarter net profit that beat market consensus. Saipem, which is 43 percent owned by oil major Eni, said in a statement it expected…
South Stream pipeline, Yamal LNG rely on western technology EU proposes to target sensitive technologies in energy sector Pipelines, wells, drilling platforms are listed The European Union's proposed sanctions against Russia, targeting sensitive technology…
Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara Bakau B.V.