Saipem Taps Subsea Cable Assets for $20M Cable Campaign
Subsea Cable Assets (SCA) has secured its first contract, a roughly $20 million award from Saipem Contracting Netherlands for cable transportation and handling work supporting a major offshore energy project in the Caspian region.The scope covers engineering, equipment fabrication, installation and operation, demobilization and reinstatement, with SCA managing the campaign from equipment supply through to deployment.SCA will provide five cable transport carousels, each with a capacity of 1,100 tonnes, along with associated cable-handling equipment.The equipment will be mobilized on a cable transport
EU Set to Restart Scrutiny of Subsea 7-Saipem Combination
The European Commission will likely comment within the next 24 hours on a reopening of its antitrust probe of the merger between Norway's Subsea 7 and Italy's Saipem, Subsea 7 CEO Stuart Fitzgerald said on Wednesday.The probe had been halted by the EU while the parties provided additional information.The deal announced in February last year would create a leading global player in offshore energy services, from drilling and engineering to laying subsea infrastructure for offshore oil and gas projects. Both companies operate a fleet of vessels for these services."We've provided the data
Pipelay Vessel Ready for UK Carbon Storage Project
Saipem’s pipelay vessel Castorone has arrive in the Southern North Sea to start work for Northern Endurance Partnership (NEP).At 325 metres long, the vessel is one of the world’s largest pipelay vessels and will play a vital role in laying the 136km pipeline that will connect industry on Teesside and the Humber, to the Endurance storage site beneath the North Sea. Once complete, this infrastructure will safely transport captured CO₂ for permanent storage.During the offshore campaign, Castorone will use almost 3,000 tonnes of marine biofuel, helping to reduce emissions associated with
Surveys, Offshore Energy Inspections Leverage Autonomous Technology
operations at depths of up to 3,000 meters and offers an endurance of up to 30 days, while allowing rapid transition between deep-sea engineering, subsea surveying, and oceanographic research missions. Additionally, operators can control both the USV and the deployed ROV from an onshore control center.Saipem is hitting the 3,000-meter mark with its most advanced AUV, Flatfish, which has now undergone functional acceptance tests with Petrobras. FlatFish has been developed as part of Saipem’s underwater robotics program aimed at industrializing a family of underwater robots capable of performing
Saipem, Subsea7 Clear Key US Regulatory Merger Hurdle
Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met.The companies said all applicable waiting periods under the U.S. antitrust law have expired, while noting that the proposed merger remains subject to certain regulatory approvals outside the United States.The merger was agreed under a binding agreement signed in July 2025, following a memorandum of understanding announced
Saipem Taps Fugro for CCS Development off UK
Fugro has secured a contract from Saipem to provide integrated marine survey and inspection services for the Northern Endurance Partnership (NEP), the UK's first carbon capture transportation and storage infrastructure project.Saipem is leading the engineering, procurement, construction and installation of the project's offshore pipeline and associated infrastructure. NEP is an incorporated joint venture between bp, Equinor and TotalEnergies.The project has access to up to 1 billion tonnes of CO2 storage capacity beneath the North Sea and is aimed at decarbonising some of the UK's most
Giovanni Corbetta Appointed as New Chief Executive Officer at Unique Group
Managing Director of JFD. In these positions, he was responsible for offshore and subsea operations, production and manufacturing, engineering services, project delivery, and international business performance.Prior to this, Giovanni held senior leadership positions within DOF Subsea, Hallin Marine and Saipem where he gained experience managing complex global operations and delivering critical engineering projects in demanding marine environments.His technical and operational expertise spans subsea technologies, marine services, diving operations, offshore engineering, manufacturing, project execution
Pharos Offshore Group Successfully Completes Mediterranean Trenching Project
Pharos Offshore Group has completed a major trenching contract, awarded by Next Geosolutions for the Saipem Bouri Gas Utilisation Project (BGUP).Using its high-performance jet trencher, Q1000, Pharos has successfully completed the subsea postlay trenching of both the 14-inch Raw Gas Sealine and the 10-inch Export Gas Sealine. Each pipeline included an associated fiber optic cable (FOC), which was also trenched as part of the scope. Pharos worked in partnership and close collaboration with Next Geosolutions and Rana Subsea to deliver the project, with equipment mobilized onto the support vessel
NextGeo Completes Trenching Work for Libya's Bouri Gas Project
adds trenching to the range of services provided by the company and forms part of its strategy to broaden its offshore capabilities through organic growth and strategic partnerships.The trenching activities were carried out through NextGeo subsidiary Rana Subsea as part of installation operations led by Saipem. The work was supported by a partnership with Pharos Offshore Group, which supplied the specialist trenching technology used on the project.Saipem Completes Key Module Lift for Libya’s Offshore Gas ProjectNextGeo said the initiative reflects its approach of combining in-house expertise with
August 2026
