Saipem provisionally cleared for initial Hammerhead project subsea engineering

April 2, 2025
Saipem has been awarded subsea EPCI contracts offshore the Middle East and Guyana for a total amount of about $720 million.

Execution of construction and installation activities is also subject to project sanction by ExxonMobil Guyana and its co-ventures.

Saipem plans to deploy various offshore construction and support vessels, including the Saipem FDS 2, with all logistics managed in Guyana through the Vreed-en-Hoop Shorebase (VEHSI) yard.

In the Middle East, the company has secured another EPCI contract that involves repairs to damaged subsea pipelines, and it is to be conducted over a three-year period.

Combined value of the two contracts is close to $720 million.

Saipem's Q1 2025 news highlights:

ID 136194309 © Jacek Placek | Dreamstime.com
offshore wind
Renewable Energy

Offshore wind roundup: MoUs inked to create stronger synergies and new project contracts awarded

March 13, 2025
This compilation of the latest offshore wind news highlights updates from Ocean Installer, Ørsted, ORE Catapult, SeAH Wind, Saipem and more.
Courtesy Saipem
Saipem, Divento sign collaboration agreement for floating wind offshore Italy
Renewable Energy

Saipem, Divento sign collaboration agreement for floating wind offshore Italy

March 5, 2025
The collaboration will work toward making the STAR 1 floating wind system ready for projects offshore Sicily and Sardinia.
Courtesy Saipem
Saipem, Subsea7 set to merge, forming subsea construction powerhouse
Company News

Saipem, Subsea7 set to merge, forming subsea construction powerhouse

Feb. 24, 2025
Company officials say the combined entity of Saipem and Subsea7 would have a broader ability to optimize clients’ project schedules.
ID 138141288 © Butenkow | Dreamstime.com
offshore Libya
Equipment Engineering

ABL overseeing Bouri gas project installations offshore Libya

Feb. 5, 2025
Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey services to Saipem, to support the marine transportation and installation operations...
Courtesy Saipem/Equinor
Hydrone-R underwater intervention drone
North Sea & Europe

Saipem and Equinor complete record-breaking autonomous mission

Jan. 28, 2025
Saipem’s underwater intervention drone at the Equinor-operated offshore Njord field broke its own world record for longest subsea residency by almost 80 days.
Courtesy Saipem
Saipem’s pipelay vessel Castorone
Vessels

Castorone sails to Black Sea Sakarya Phase 2 pipeline location

Jan. 2, 2025
Saipem’s pipelay vessel Castorone should by now have reached the deepwater Sakarya gas field on the Turkish sector of the Black Sea.

Courtesy Karoon Energy's 2024 Full Year Financial Report and Investor Presentation
Baúna Project FPSO
ID 353288431 © ScorpionProduction | Dreamstime.com
Prysmian, N-Sea join efforts to improve submarine cable safety
Courtesy China Ship Scientific Research Center/State Key Laboratory of Deep-Sea Manned Vehicles
China unveils ‘powerful’ deep-sea cable cutter