Saipem news release. Picture taken November 19, 2015.

Saipem news release Namibia is taking a more cautious view on its long-term oil prospects after the latest exploration wells failed to add to a string of discoveries that started about three years ago. Get the latest Saipem news, all in one place. CBI, a wholly owned unrestricted subsidiary of McDermott, has been awarded a sizeable* lump sum contract by the Saipem Clough joint venture for engineering, procurement and construction (EPC) of ammonia storage and other process tanks for the Perdaman Chemicals and Fertilisers Urea Plant located on the Burrup Peninsula, Western Australia. com), under the section “Investors” – “Financial Results”. Securities Act, may include a registration statement on Form F-4 that contains a prospectus. 688 Saipem shares for each Subsea7 share held. Milan (Italy), November 15, 2022 – Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa for a total amount of approximately 800 million USD. . The two projects are under an existing long-term agreement (LTA) with Aramco. Saipem Launches Buyback for Up To 18. Milan (Italy), July 12, 2024 – Saipem announces the signing of a framework agreement between BP Exploration (Caspian Sea) Limited and a consortium composed of Saipem Contracting Netherlands B. price sensitive . The rationale for a merger between Italy's Saipem and Norway's Subsea 7 is to combine the fleets of the two energy services companies to service customers quicker and cut costs, the CEO of the The latest international Saipem SpA news and views from Reuters - one of the world's largest news agencies Saipem uses its deepwater and shallow-water, offshore drilling and installation fleets to support upstream developments during the preliminary assessments, exploration and production release of conventional and Milan (Italy), October 24,2023 - Saipem has successfully completed installation works for the Neart na Gaoithe (NnG) offshore windfarm, marking an important milestone in the project. Discover the world of Saipem: news, press releases, photos and videos Saipem's people, technologies and extraordinary projects: a selection of videos that tell about our commitment towards a sustainable future. 788744 Milan (Italy), May 16, 2024 – Saipem has been awarded a new offshore contract by Azule Energy Angola S. The framework agreement entails the execution of offshore activities in the Azerbaijani waters of the Caspian Sea E-mail investor. Milan (Italy), February 11, 2025 – Saipem has entered into a new 600 million euro ‘Revolving Credit Facility’ with a pool of fourteen leading national and international financial institutions. Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in offshore energy services. (NYSE: MDR) today announced that it plans to partner with the Italian oil and gas industry contractor Saipem S. In this series, we will explore five key themes: Women and Milan (Italy), November 29, 2023 – Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately 1. ) and onshore (pipelines in hostile environments, hydrocarbon production units, drilling installations, McDermott International, Inc. 5 of EU Regulation No. The project is aimed at developing Giorgio Martelli, President & CEO of Saipem America commented: “The inauguration of Saipem’s Offshore Construction Facility in Guyana will enable us to provide highly-skilled local services and support to the advantage of current and future energy projects in the country. · March 11, 2025. The overall value of the two contracts is approximately 1 billion USD. The contract value amounts to approximately 4. 6 Million Shares Saipem said in a press release July 24, 2024. This press release provides the information required on a quarterly basis by Consob on 10 May 2022, pursuant to Article 114, subparagraph 5 of the Consolidated Law on Finance. Saipem People is the new video series by Saipem, a true journey that begins from a new perspective, that of the brilliant professionals who are the beating heart of our reality. MI said on Sunday that it will merge with Norwegian rival Subsea 7 , opens new tab in a deal valued at about $4. The first contract Italian oil services company Saipem SPMI. com), under the section “Investor Relations /Financial information”. 3 billion) project which is set to be operational in 2028. Picture taken November 19, 2015. Structure of the Saipem Group 5 Directors’ Report Saipem SpA share performance 10 Operating Review 12 Organisational structure 12 Organisational structure: reporting 12 Continuing and Discontinued operations and non-current assets held for sale 12 Market conditions 13 New contracts and backlog 13 Capital expenditure 14 SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. Saipem’s scope of work under the first contract involves the engineering, procurement, construction, and installation (EPCI) of three production deck This press release should be read in conjunction with the Interim Consolidated Financial Statements as of June 30, 2023 and the Consolidated Financial Statements as of December 31, 2023 of Saipem SpA, which are already available on the Company’s website (www. The first contract entails Engineering, Procurement, Construction and Installation (EPCI) activities of Subsea Umbilicals, Risers and Flowlines (SURF) and of an onshore gas pipeline for the connection to the Saipem has secured $3. Saipem’s scope of work encompasses the engineering, procurement, fabrication, and installation of six Milan (Italy), March 5, 2025 - Saipem and Divento, a partnership between Copenhagen Infrastructure Partners (CIP, through the “flagship” fund Copenhagen Infrastructure V), GreenIT, a joint venture between Plenitude (a Company controlled by Eni) and CDP Equity (CDP Group), 7 Seas Wind Power and NiceTechnology, have signed a collaboration agreement involving the NEWS. The EPCI contract is part of an Press release. Saipem Has Bagged $7 Billion Worth of Contracts This Month according to a press release by Aramco July 9, 2019. Type your search and press Enter Home Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. (Italy), March 5, 2025 - Saipem and Divento, a partnership between Copenhagen “The results for the third quarter of 2021 mark a significant first improvement compared to the second quarter of the year in all of Saipem's business divisions, despite the economic situation linked to the pandemic crisis and the difficulties associated NEWS. Revenue for the first half of 2024 amounted to € 2,523 million and shows an increase of 6. com . Energy services and drilling specialists Saipem SpA and Subsea7 SA agreed to combine their businesses as consolidation in the sector picks up after years of sluggish activity. Saipem and Subsea7 have announced a $4. Saipem is “One Company” organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. The scope of work encompasses the engineering, not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from the united states, canada, australia, japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction. MI said on Sunday that it will merge with Norwegian rival Subsea 7 in a deal valued at about $4. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the UARU oil field development project, located in the Stabroek block offshore Guyana at a water depth of around 2,000 meters. The Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. “Saipem’s scope of work under the first contract involves the San Donato Milanese (Milan, Italy), June 15, 2021 - Saipem has received a Letter of Award from ADNOC Sour Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), for a new contract related to the Optimum Shah Gas Expansion (OSGE) & Gas Gathering project in the United Arab Emirates. 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 The vessel will be delivered to Saipem in June 2024 and will thus become part of the company’s fleet. --(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) and Saipem have reached a significant milestone for the subsea applications industry: the completion of the qualification process of an all-electric seabed barrier fluid-less pump. Italian energy contractor Saipem , which has agreed to merge with Norwegian rival Subsea 7 , said on Tuesday it would resume paying a dividend after a four-year break. 7%): offshore services (submarine pipelines, oil platforms, etc. 5 billion USD. Net sales break down by activity as follows: - engineering, construction and installation services (93. , a subsidiary of TotalEnergies, for the subsea development of the GranMorgu project, located in the Block 58 oil and gas field, 150 km off the coast of Suriname. Press release. 7 billion in contracts with a subsidiary of French oil major TotalEnergies to work on Angola's Kaminho offshore project, the Italian energy contractor said on Tuesday. Specifically, Saipem’s scope of work under the first project involves the Engineering, Procurement, Construction and Installation (EPCI) of a crude Saipem and Subsea7 have announced a $4. Media. S. *** 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. · April 23, 2025 Milan (Italy), September 3, 2024 – Saipem has been awarded two offshore contracts in Saudi Arabia under its existing Long-Term Agreement with Saudi Aramco. Saipem: the Board of Directors approves draft Statutory Financial Statements as well as Consolidated Financial Statements, the allocation proposal of Saipem’s 2024 net profit Milan, Luxembourg, 23 February 2025 - Saipem and Subsea7 announce that today they have reached an agreement in principle on the key terms of a possible merger of the two Milan (Italy), April 2, 2025 – Saipem has been awarded new contracts in Middle East and Guyana for a total amount of approximately 720 million USD. 1 billion USD. (Aramco), Saipem said in a news release. “Saipem’s 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. Developed based on proprietary solutions inherited from the nuclear sector, this unprecedented A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa's harbour, Italy, November 19, 2015. is a world leader in offshore engineering, construction, and installation services for the oil and gas industry. Milan (Italy), September 15, 2024 – Saipem 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. Accedi Registrati Borsa virtuale Pagina personale Borsa virtuale Esci San Donato Milanese (Italy), August 31, 2022 – The Board of Directors of Saipem S. Aramco aims to raise the Marjan field production by 300,000 barrels of oil a day, as well as enable it to process 2. Saipem’s scope of work under the first project involves the Two of the leaders in the offshore sector for energy, Saipem and Subsea 7 entered into an understanding that is designed to lead to a merger of equally to create an offshore services giant. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas. The first contract relates to the Neptun Deep Gas Development Project located in the Black Sea, Romania, for which the award procedure was completed by OMV Petrom. Saipem’s commitment in Guyana is long term and this new facility is Milan, March 12, 2024 - The Board of Directors of Saipem SpA, chaired by Silvia Merlo, has approved during today's meeting the Group's Consolidated Financial Statement as of December 31, 2023, which closed with a profit of €179 million (loss of €209 million in 2022) and the draft of Statutory Financial Statement of Saipem SpA, which closed with a profit of €107 million (loss of Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company. , 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. Saipem's share of the contract amounts to around 4. TEESSIDE, December 12, 2024 – Saipem has won two CO2 transportation and storage projects in the UK valued at EUR 650 million, the company announced on Thursday. A. Careers. in the Sonatrach 1 criminal proceedings ongoing since 2010 in Algeria, in relation to the award of the GK3 contract in 2009. Mr Ragni was also member of the Sustainability, Scenarios and Governance Saipem contributed to the discovery of the field thanks to the drilling activities of the Saipem 10000 and Saipem 12000 vessels. Conference call. The charter of the JSD6000 is in line with Saipem's capital-light strategy defined in the Strategic Plan and allows the company to expand its offer with an additional vessel which meets the highest standards of safety and environmental SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. 6% compared to the corresponding period of 2023, as an effect of the higher volumes in the Sub-Saharan Africa, Italy and Middle East. The overall amount of the contracts is 3. 790,83 € fully paid-up - Taxpayer’s code and VAT number: 00825790157 - Economic and Administrative Business - Register Milan no. 63 billion. Subsea7 shareholders will receive 6. 788744 Commenting on the results, Francesco Caio, CEO and General Manager of Saipem said: “Saipem has the resources, the skills and the relationships with clients that enable us to plan the near future with a view to profitable growth, even in a challenging context which is still characterised by the uncertainties deriving from Covid-19. E-mail segreteria. Retail Investors. 788744 NEWS. Information of interest to the financial community is available at the website Milan (Italy), November 14, 2024 – Saipem has been awarded an EPCI contract by TotalEnergies EP Suriname B. 489 million, of which €2,344 million to be executed in the second half of 2024. Italian oil services company Saipem SPMI. 5 million USD, of which approximately 8 million The two projects are under an existing long-term agreement (LTA) with Saudi Arabian Oil Co. 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. 669. This value is considered net of the leasing costs of the vessels used for the works. , chaired by Silvia Merlo and ended today, acknowledged the resignation of the non executive and non independent board member Pier Francesco Ragni communicated on the 19th of August 2022. draft financial statements at December 31, 2023. €20 billion3 and EBITDA in SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. p. 6 billion merger to create a new oil field services giant, Saipem7, with significant global reach and financial strength. 788744 A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa's harbour, Italy, November 19, 2015. ; The adjusted EBITDA of the Milan (Italy), 2 October 2024 – Saipem and Nel ASA, during the 2024 World Hydrogen Week in Copenhagen, unveiled IVHY™ 100, a groundbreaking turn-key 100 MW electrolyser concept, which leverages Nel’s atmospheric alkaline electrolyser technology. The Italian EPC player will support the development of offshore This press release should be read in conjunction with the Interim Consolidated Financial Statements as of June 30, 2022 and the Consolidated Financial Statements as of December 31, 2022 of Saipem SpA, which are already available on the Company’s website (www. · February 29, 2024 Conference call. The overall value of the two projects is approximately €650 million, with a Backlog as of June 30, 2024: €12. 8 billion euro. 64161781 (“ Saipem Finance ” or the “ Offeror ”), hereby announce the Milan (Italy), October 5, 2023 – Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed today a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Board of Directors’ meeting – Saipem Group consolidated financial statements and Saipem S. Subsea 7 S. The contract is worth 1. , BOS Shelf LLC and BOS Shelf International FZCO. San Donato Milanese (Italy), May 27, 2022 - Clough and Saipem, in an equally shared (50/50) joint venture, have reached a new agreement with the client Perdaman Industries for the development of Perdaman Industries urea plant on the Burrup Peninsula, northwest of Karratha, on the coastline of Western Australia. Adjusted EBITDA of €145 million (€88 million in the first quarter of 2021 and c. 5 billion cubic feet of gas per day and produce an additional 360,000 barrels Milan (Italy), November 27, 2023 -Saipem S. 596/2014, as subsequently amended (“MAR Regulation”), concerning a maximum number of 29,500,000 shares to service the 2023 allocation of the Company's 2023 San Donato Milanese, 27 July 2022 - The Saipem SpA Board of Directors, chaired by Silvia Merlo, approved, yesterday, the Consolidated Half-Year Financial Report as of 30 June 2022 [3]. The innovative renewable hydrogen generation solution has been designed and industrialized to be scalable, modular Milan (Italy), August 3, 2023 – Saipem has been awarded two new contracts for E&C offshore activities in Europe, specifically in Romania and in Germany, with a total value of approximately 1. Fax +39 02 44244415. 28, 2021-- TechnipFMC (NYSE: FTI) (PARIS: FTI) and Saipem (MILAN: SPM) today announced the two companies have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. San Donato Milanese (MI), 16 April 2024 – In relation to the Saipem S. If an exemption from the registration requirements of the U. 9 billion USD. The facility has a tenor of three years, extendable for a further period of either one or two years at the option of the lenders. Net sales break down by activity as follows: - subsea infrastructure construction and SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. €120 million in the fourth quarter of 2021 net of impact of the backlog review); adjusted Milan (Italy), April 13, 2024 - Following the press release of 29 November 2023, Saipem informs that it has received from ExxonMobil Guyana Limited and its Stabroek block coventurers the authorization to proceed with the execution of the Whiptail oilfield development project, situated in the offshore Guyana, at a water depth of approximately 2,000 meters. (the “Company” or “Saipem”) has launched the buy-back programme (the “Programme”) for the Company’s ordinary shares, pursuant to art. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Telephone +39 0244231. In the Middle East two new contracts have been awarded for two high-specification Jack-Up drilling The following content is a news release issued by Subsea 7 (Uk Service Co) Ltd and distributed by GlobeNewswire Inc. The overall amount of the two projects is approximately 500 million USD. In Italy's Saipem has started work at the Courseulles-sur-Mer offshore wind project in Normandy, the energy group's CEO Alessandro Puliti said on Monday, adding that the wind farm should be completed . 790,83 € fully paid-up - Taxpayer’s code and VAT number: 00825790157 - Economic and Administrative Business - Register Milan (Italy), 17 October 2024 – Saipem was pleased to learn that the Federal District Court of Brasilia has annulled the order of the Controladoria-Geral da União (‘CGU’) prohibiting Saipem SA and Saipem do Brasil from contracting with the Brazilian public administration, for a period of two years, due to alleged irregularities in the award of a contract dating back to 2011. Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. With regards to the year 2022, the Saipem Group News, press releases, stories, events, publications and multimedia to tell our story and describe the changing world of energy. The full project, expected to last 5 years with a First Oil in 2028, Under the first contract, Saipem’s scope of work involves the engineering, procurement, construction, and installation (EPCI) of three production deck modules (PDMs), 20. draft financial statements at December 31, 2024. The contract covers the expansion and upgrade of the existing Milan (Italy), December 18, 2023 – Saipem and Valmet, a Finland-based leading global developer and supplier of process technologies, automation and services, have signed a Memorandum of Understanding (MoU) to develop joint solutions to decarbonize the industrial sectors that face significant challenges in reducing their greenhouse gas emissions, also known as hard-to Milan (Italy), February 8, 2024 - With reference to the press release of July 27, 2023, Saipem informs that today the Court of Appeal of Algiers, following referral by the Supreme Court of July 27, 2023, has fully acquitted Saipem Contracting Algérie S. Aller au contenu principal Access to the intranet portal. The contract concerns the offshore facilities for natural gas production and transportation as well as the capture, utilization and storage of CO2 (CCUS). *** NEWCASTLE & HOUSTON & MILAN--(BUSINESS WIRE)--Oct. The value of the contract is Saipem and Subsea7 are filing relevant materials with the SEC, which, to the extent Saipem's shares will be required to be registered under the U. Board of Directors’ meeting – Saipem Group preliminary consolidated 2023 results. V, a company with its registered office at Strawinskylaan 1359, 1077 XX, Amsterdam, The Netherlands, registered with the Companies’ Register (Handelsregister) of The Netherlands under No. Saipem logged EUR 455 million ($496. February 28, 2024. (Boskalis) in consortium with Bouygues Travaux Publics (Bouygues) and Saipem has been awarded the design work, construction and installation scope for 71 concrete Saipem’s share is around $1 billion, the Italian offshore driller, which also provides engineering services to the oil, gas and offshore wind sectors, said in a press release. 596/2014, as subsequently amended (“MAR Regulation”) - concerning a maximum number of 18,620,000 shares to service the 2024 allocation of the Company’s 2023 The comparative periods have been restated in accordance with this accounting treatment in all parts of this release. *** This press release should be read in conjunction with the Interim Consolidated Financial Report as of June 30, 2024 and the Consolidated Financial Report as of December 31, 2023 of Saipem SpA, which are already available on the Company’s website (www. The proceeds from the disposal of the equity interest amount to approximately 89. saipem. Revenues at €1,942 million (€1,618 million in the first quarter of 2021), growing by 20%, driven by offshore E&C and the two drilling segments. MI Saipem strengthens its E&C fleet with bareboat charter of latest generation ship JSD6000 Fri, 31/05/2024 Saipem: Hydrone-R achieves important milestone of uninterrupted subsea operations This press release should be read in conjunction with the Interim Consolidated Financial Report as of June 30, 2024 and the Consolidated Financial Report as of December 31, 2023 of Saipem SpA, which are already available on the Company’s website (www. Discover the world of Saipem: news, press releases, photos and videos. Royal Boskalis Westminster N. Papendrecht, 2 June 2020. C. Saipem's Castorone Passes Bosphorus Strait on Way to Sakarya Phase 2 Job The vessel, owned by Saipem SpA, crossed the Bosphorus Strait in Turkey, the company said in a media release. Milan (Italy), December 15, 2022 – Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1. together with its subsidiary Saipem Finance International B. 7 billion USD. Thu, Feb 27, 2025, 2:04 AM Highlights on the results for the first quarter of 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 DAVIDSON, N. In its media release, Stockholm Exergi said the investment decision marks a major milestone in a SEK 13 billion ($1. 788744 SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. societaria@saipem. MILAN, Feb 23 (Reuters) - Italian oil services company Saipem SPMI. News, press releases, stories, events, publications and multimedia to tell our story and describe the changing world of energy. relations@saipem. 788744 Dublin, April 04, 2024 (GLOBE NEWSWIRE) -- The "Annual Global Oil & Gas Industry Contracts Review 2023 - Technip Energies and CCC JV, Tecnimont, Saipem, and NPCC Drive Contract Value Momentum A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa's harbour, Italy, November 19, 2015. · February 26, 2025. This landmark achievement underlines Saipem’s expertise in offshore wind and its role in supporting the path towards decarbonisation, providing cutting-edge solutions for the production of clean Saipem SpA (SAPMF) reports a significant increase in revenue and EBITDA, alongside strategic moves to enhance future profitability and reduce debt. Comprehensive Saipem news aggregated from over 14,000 sources from around the world. 5 miles (33 kilometers SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. (the “Company” or “Saipem”) has launched the buy-back programme (the “Programme”) for the Company’s ordinary shares - pursuant to art. · March 12, 2024 Board of Directors’ meeting – Saipem Group consolidated financial statements and Saipem S. Milan (Italy), November 26, 2024 – Saipem, together with its consortium partner PT Meindo Elang Indah, has been awarded an offshore EPCI contract by BP Berau Ltd. GuruFocus News . 788744 Notizie su Saipem: analisi, approfondimenti, dati di bilancio e ultime sul titolo di Borsa. Under the scope of Milan, March 11, 2025 - The Board of Directors of Saipem SpA, chaired by Elisabetta Serafin, has approved, during today's meeting, the Group's Consolidated Financial Statements as of 31 December 2024, including the 2024 Consolidated Sustainability Statement, which closed with a net profit of €306 million (€179 million in 2023) and the draft Statutory Financial Statements of Milan (Italy), May 21, 2024 – Saipem has been awarded three new contracts by TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, for the Kaminho project relating to the development of Cameia and Golfinho oil fields, located approximately 100 km off the coast of Angola. 2 billion USD. Saipem is “One Company” organized into business lines: Asset Based The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion2, Revenue of approx. "Our joint bid with Saipem will feature optimized execution strategies that result in increased certainty on schedule and cost as Get the latest Saipem news, all in one place. [3] The Consolidated Half-Year Financial Report is drawn up in accordance with the IAS 34 accounting standard “Interim Financial Statements” and subject to limited audit under Milan (Italy), January 16, 2025 - Saipem announces that it has sold its 10% interest in KCA Deutag (KCAD) to Helmerich & Payne (H&P) which today communicated to the market the closing of the acquisition of KCAD announced on July 25, 2024. Milan (Italy), January 15, 2024 – Today Saipem S. 8 million) in net cash flows for the first half of The contract value amounts to approximately $4 billion, Saipem said in a news release. 788744 Milan (Italy), August 5, 2024 – Today Saipem S. Milan, Luxembourg, 23 February 2025-Saipem and Subsea7 announce that today they have reached an agreement in principle on the key terms of a possible merger of the two companies 1 (the “Proposed Milan (Italy), July 15, 2024 – Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. *** Saipem S. specializes in engineering and construction services for the oil and gas industries. V. The first contract refers to the Saipem’s flagship vessel FDS2 will conduct the offshore operations while Saipem’s fabrication facility in Guyana will build the deepwater structural elements.