Saipem News

Image: DNV GL

Offshore Pipeline Market to Grow 6.5%

years.Moreover, the region has offshore pipeline addition for around 12,500km during the forecast period.Countries such as Russia, Georgia, and Ukarine are likely to drive the growth of the offshore pipeline market during the forecast period.The major players in the global offshore pipeline market, are Saipem (Italy), Subsea 7 (UK), McDermott (US), Sapura (Malaysia), Wood Group (UK), Technip (UK), Fugro (Netherlands), Atteris (Australia), Penspen (UK), Petrofac (UK), and Senaat (UAE)

(Photo: Vryhof)

Vryhof Reports New Contracts

for Vryhof Anchors for the WindFloat Atlantic wind farm, offshore Portugal, the world’s first commercial floating wind farm, and the Havfarm 1 offshore fish farm project in Norway, one of the world’s largest floating structures. In addition, Deep Sea Mooring (DSM) has secured contracts with Saipem Indonesia, Odfjell Drilling and Noble Drilling for the supply of mooring related services during 2019 in offshore Indonesia, the North Sea, and Myanmar respectively, as well as a large-scale contract offshore Australia. Vryhof Anchors has been awarded an oil and gas contract in Malaysia with SOFEC

(Photo: Saipem)

Saipem to Advance Shell's FlatFish Technology

Italian oil and gas contractor Saipem said it will work with Shell to further enhance key features of the oil major’s proprietary subsea autonomous vehicle, FlatFish.Since March 2018, Saipem has been the sole developer of FlatFish technology for Shell. FlatFish is a resident subsea autonomous vehicle able to perform complex inspection tasks, particularly suited to Brazil’s pre-salt offshore fields. It was previously developed by Brazilian research institution SENAI CIMATEC in partnership with DFKI over a four-year project funded by the Brazilian oil and gas regulator ANP's research and

Saipem Castorone at the Johan Sverdrup field in the North Sea. (Photo: Bo B. Randulff / Roar Lindefjeld / Equinor ASA)

Norway’s Largest Oil Pipeline Now in Place

Late last week, Norway’s largest and longest pipeline reached the Johan Sverdrup field in the North Sea.The last pipe of what is now Norway’s longest and largest oil pipeline was installed by the vessel Saipem Castorone, right next to the riser platform at the Johan Sverdrup field. The 36-inch pipeline extends 283 km from the Mongstad oil terminal outside Bergen to the giant field in the North Sea.“We have together with our supplier Saipem succeeded in laying the oil pipeline to Johan Sverdrup without any serious incidents. It has been a significant operation, involving more than 600

Photo: Saipem S.p.A.

Saipem Wins $700 Mln Worth of Offshore Contracts

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will then perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated

(Photo: Subsea 7)

Saipem, Subsea 7 Discussed Tie Up a Few Years Ago

Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday."Some 3-4 years ago, before I became CEO there were contacts and talks that did not work out," Stefano Cao said on a call on second quarter results.Cao said there was nothing in this direction today.(Reporting by Stephen Jewkes, editing by Giulia Segreti)

Saab Seaeye’s Sabertooth hybrid ROV/AUV (Photo: Saab)

Unmanned Vehicles May Soon Take Up Residency Subsea

, developed the FlatFish AUV, with the help of German research institute DFKI and Brazilian research organisations. It is an inspection and survey vehicle which was aimed at being able to be launched from a floating production platform or docked subsea. (read more in November/December 2016 MTR). In March, Saipem and Shell agreed to work together to commercialise the FlatFish.There is now increasing interest from other operatots. Since 2016, Norwegian oil and gas operator Statoil has been investing in programs to trial subsea resident vehicles, initially using existing electric ROVs. The operator is taking

File Image: A Subsea 7 offshore support vessel. CREDIT: Subsea 7

Subsea 7: Offer Could Change if McDermott Cooperates

synergies, Subsea could increase its offer to a least $10 a share, but it can't do that without more information from McDermott. Subsea repeated on Wednesday its proposal was subject to the termination of McDermott's planned transaction with CB&I. Italian oil services group Saipem, which competes with Subsea in providing undersea solutions for oil and gas firms, has said the bid for McDermott is a sign of industry consolidation that has to be monitored closely. The move comes after Schlumberger and Subsea started talks earlier this year to form a joint venture to deliver

File Image: A Subsea 7 offshore support vessel. CREDIT: Subsea 7

Subsea 7 Makes Hostile Bid for McDermott

company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I).The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing subsea equipment for oil and gas firms with a combined market share of 24 percent, followed by TechnipFMC with 20 percent and Saipem with 15 percent, an Oslo-based consultancy, Rystad Energy, said.The flurry of M&A activity comes as oil prices have risen to more than $70 a barrel, lifting the need for offshore services and the appetite for offshore investments.It follows a tough period when the oil services industry was hit

Saipem CEO Could Be Reappointed in May

The main shareholders of Italy's Saipem indicated on Thursday they would support the reappointment of Stefano Cao as chief executive of the oil service company.   State lender Cassa Depositi e Prestiti (CDP) and oil major Eni, who jointly control Saipem, included Cao's name in the slate of directors they will propose at a shareholder meeting in May.   Cao's name was second in the list, a position which traditionally indicates the name of the potential CEO.   Saipem shares have fallen more than 80 percent in the last three years as the sector continues to suffer from lower spending

Lewek Constellation sets pipelay record-in-GoM Photo courtesy of  Saipem

Saipem Buys Lewek Constellation Vessel

Italian oil and gas contractor Saipem said it has reached a deal to purchase the pipelay, heavy lift and construction vessel Lewek Constellation for $275 million. The 2013-built DP3 rigid and flexible pipeline construction vessel had been previously owned by bankrupt EMAS Chiyoda Subsea.   Saipem said the vessel will be available for hire immediately and will be marketed globally, particularly in the Gulf of Mexico, North Sea and Norwegian Sea where the its characteristics are particularly suitable for submarine tie-backs.   Saipem CEO, Stefano Cao, said, “In the current economic

MV Kobi Ruegg (Photo: Fugro)

MV Kobi Ruegg Joins Fugro Survey Fleet

A 58-meter, multi-role survey vessel MV Kobi Ruegg has joined Fugro’s fleet and is set to begin her first project in the Egyptian sector of the Mediterranean Sea.   Working on behalf of Saipem, Fugro will deploy its large diameter piston core system to collect soil samples in the Zohr gas field; geophysical surveys for Pico and Shell will follow.   Having previously operated in the Gulf of Mexico for Fugro, the three-year-old vessel has recently been renamed in honor of a former member of Fugro’s management board who passed away in March 2017. Köbi (Jakob) Rüegg

Saipem's new Innovator 2.0 ROV (Photo: Saipem)

Work Class ROVs

, with 50% more payload, three times the tooling power and double the depth rating of its predecessor the Panther XT-Plus, while maintaining the same deck footprint. The Leopard is suited to work tasks including drill support, pipeline survey, exploration, salvage, cleaning and deep water IRM.   Saipem Saipem’s new Innovator 2.0 ROV is a heavy work class vehicle used for oil field maintenance and construction, including in ultradeep waters, and for monitoring the seabed and gathering data to design of oil fields or subsea pipelines. Its electrical motor can provide 210Hp which, ensuring

Richard Benzie (Photo: IMCA)

IMCA Publishes Guideance on Cable-laid Sling, Grommets

slings are adequate for the lift and the procedure for the lift is well documented.   “Our working group for the review and updating of this guidance document comprised the IMCA Lifting & Rigging Management Committee (LRMC); Heerema Marine Contractors; Hendrik Veder Group; KTL Offshore; Saipem; Seaway Heavy Lifting; Technip; United Offshore Services; Gebr. Henschel; Subsea 7; Usha Martin; Bridon; Wire Rope Consultancy; Franklin Offshore; and Millfield Group. We would like to thank them for their invaluable work on this important document. We look forward to feedback from users.”  

Kipevu Oil Terminal at Mombasa Port to Relocate

are China Gezhouuba Group, Sinopec International Petroleum Service Corporation, Boskalis Dredging & Marine Experts, CPECC & Power China JV, China CAMC Engineering and Besix, CMR & Van Oord. Others are China Railway Construction Corporation, China State Construction Engineering Corporation, SAIPEM AFCONS Infrastructures, Jan De Nul, China Communications Construction Company and Dredging International.   Danish engineering firm Niras was in 2014 tasked with designing the new facility at a cost of $1.7 million.   The jetty is expected to increase efficiency in delivery of imported

Oil Industry Suppliers See Light at the End of the Tunnel

Brooks said.   "What will definitely not recover anytime soon is pure-play asset companies, those where margins are more or less directly linked to asset rates, or those where capacity is incredibly difficult to actually take out - like Seadrill, Transocean, Vallourec, Fugro, Subsea 7, or Saipem," Brooks said.   Saipem, one of Europe's biggest oil contractors, beat expectations with its second-quarter results on the back of an improving order backlog but still had to cut guidance for the year, citing delays in the awarding of contracts due to low oil prices.   "The

Photo: Sonardyne

Saipem Upgrades to Autonomous Monitoring Transponders

International oil and gas turnkey contractor Saipem has extended the capability of its Sonardyne sixth generation (6G) acoustic positioning transponders, adding functionality that makes the equipment now suitable for a wide range of subsea autonomous monitoring tasks.   The work to convert the Compatt 6 instruments into Autonomous Monitoring Transponders (AMTs) was undertaken by engineers based at Sonardyne’s Brazilian headquarters in Rio das Ostras as part of a wider scope of work to inspect, service and re-calibrate Saipem’s inventory of Long BaseLine (LBL) acoustic technology

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