Saipem Supplies Hydrone-W ROV for ISPRA's Arcadia Vessel
Saipem has been awarded a contract with the T. Mariotti shipyard in Genoa to supply the Hydrone-W remotely operated underwater vehicle (ROV), which will be deployed on ISPRA's (Higher Institute for Environmental Protection and Research) new oceanographic vessel, Arcadia.Hydrone-W will support ISPRA in advanced oceanographic activities, contributing to the observation, monitoring and study of ecosystems, geomorphology, and strategic infrastructures located in deep-sea and offshore environments.Hydrone-W, a full-electric Work Class ROV, was developed as part of Saipem's “Hydrone”
Saipem’s Underwater Drone Carries Out Autonomous Survey at Njord Field
Saipem’s first resident underwater drone Hydrone-R has completed an autonomous survey mission over the Arctic coral area of the Njord field offshore Norway, operating without cables or surface vessel support.Hydrone-R Underwater Intervention Drone carried out the mission independently, contributing to seabed monitoring and the protection of marine ecosystems through the use of underwater robotics.The activity forms part of a 10-year contract signed in 2019 with Equinor, described as the first global service agreement for underwater drones in the offshore energy sector.Under the contract, the
Subsea Vessel Market Outlook 'Robust' for 2026
and still growing EPC orderbook volumes we firmly believe that the market will revert to more long-term fixtures in 2026.© Fearnley Offshore SupplyShort-Term Softening Amid Dayrate Volatility and Supply GrowthAnother significant development in the industry is the proposed merger between Subsea 7 and Saipem to form Saipem7, a move designed to achieve substantial cost synergies to the tune of $350 million per year, and increase market dominance, though it will also present integration challenges. Expected to be finalized in the second half of 2026, the combined company will see its combined revenue,
Saipem Gets DNV Certification for Offshore Asset Lifecycle Management
Saipem has obtained ISO 55001:2024 certification, the international standard for asset lifecycle management, marking a significant milestone in its journey towards operational excellence and offshore sustainability.The certification, issued by DNV, confirms Saipem’s Asset Management system compliance with the most advanced requirements, covering all operational phases - design, procurement, installation, commissioning, maintenance and decommissioning, ensuring a robust and effective “Asset Integrity” framework.The certification applies to Saipem’s entire offshore asset portfolio
Fincantieri Launches Underwater Drone
the boundaries of innovation ever deeper," Folgiero said.In the subsea sector, Fincantieri has been working with several Italian companies, including state-controlled aerospace and defence group Leonardo LDOF.MI.Last year the shipbuilder signed a commercial deal with energy contractor Saipem SPMI.MI - which develops specific technologies for subsea drones.Earlier on Thursday, Saipem's CEO said that the group would continue developing its technology and would continue pursuing commercial opportunities with Fincantieri, dispelling media reports that it was considering
Guyana’s First: Saipem Builds Complex Subsea Structure for ExxonMobil’s Uaru Field
Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the country's industrial capabilities in the subsea sector.This is the Pipeline End Termination (PLET), a terminal structure installed at the end of a subsea pipeline to connect other subsea equipment or facilities.The PLET will be part of the subsea system that will transport gas from the FPSO vessel deployed at the Uaru field to be re-injected into the reservoir, at approximately 2,000 meters of water depth, thus avoiding
Saipem to Merge with Subsea7
Shareholders in Italy's Saipem approved on Thursday a planned merger with Norwegian rival Subsea7, paving the way to the creation of a leading global player in offshore energy services.All the investors attending the meeting, who accounted for 62.15% of the share capital with voting rights, backed the tie-up that was announced earlier this year.The combined group, to be renamed Saipem7, will have an order backlog of 43 billion euros, revenue of about 21 billion euros, and core earnings of more than 2 billion euros ($2.4 billion), the two companies said earlier this year.($1 = 0.
Oil Firms Urge Brazil to Review Subsea7 - Saipem Merger
Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show.In filings submitted on Thursday, the firms said the merger between Norway's Subsea7 and Italy's Saipem would bring a level of concentration in the subsea oil and gas services market that could drive up costs and curb competition.The firms want Cade to block the merger or impose remedies to preserve competition in Brazil, such as asset sales, a source
Saipem, Subsea7 Sign Merger Agreement to Form Energy Services Giant
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion.The binding merger agreement follows the memorandum of understanding the companies signed in February 2025.Completion of the proposed merger is anticipated to take place in the second half of 2026.Aside from the backlog in excess of $50 million, the new company, to be named Saipem7, will have revenue of approximately $24.6 billion, EBITDA of over $2.3 billion, and will generate more than $930
December 2025
