The company has acquired new premium offshore jack-up rigs to meet ADNOC’s plan to raise and sustain production capacity
oil and gas news
Exclusive: Saipem to continue bidding for engineering and construction projects, CEO says
Despite increasing EPC activity, addressing climate issues remains a key concern, Saipem’s CEO Alessandro Puliti said.
Eni, Sonatrach inaugurate PV plant in Algeria
These initiatives are in line with Eni’s wider decarbonisation plan
Investigation finds explosive traces at mysterious Nord Stream blast sites
The blasts in September that caused massive leaks from the natural gas pipelines from Russia to Europe were caused by “gross sabotage,” Swedish authorities confirmed Friday, noting that traces of explosives have been found as part of the ongoing investigation. Swedish authorities said that their examination of the Nord Stream 1 and 2 pipelines in […]
ADNOC’s Hail and Ghasha megaproject: 5 facts you need to know
Here are 5 facts you need to know about the project
Supreme Court rejects Saipem’s appeal in corruption case
The appeal is related to alleged corruption for an LNG project in Algeria
Indian EPC giant L&T reports 57 contracts in 2022
Larsen & Toubro (L&T) has won over 57 contracts so far in 2022 as it continues to strengthen its presence in the oil and gas EPC sector, Construction Week reported. Last month, the company reported “better-than-expected” second-quarter profit, on the back of a surge in order inflows. The company’s profit grew by 22.5% to $269.35 […]
Saipem secures CIMC rig for Middle East project
Ocean Challenger, the asset management company of Chinese yard CIMC, has secured a new charter deal from Italian EPC contractor Saipem for the 2019-built jackup rig Gulf Driller IV. The rig will be deployed in the Middle East, where Saipem recently won new offshore drilling contracts for two units commencing between the third and fourth quarters of 2023. […]
IMI Saudi opens new manufacturing facility in Dammam
IMI Saudi Industry, a subsidiary of IMI Critical Engineering, has unveiled a new 5,000m2 facility in Dammam to supply valve solutions and bolster national manufacturing capabilities in line with Saudi government localisation plans for key products. The factory will provide accessibility to valve and actuating systems in line with the Saudi Vision 2030 strategic framework […]
UAE slaps $30,000 fine for companies faking Emiratisation
UAE companies faking data to meet Emiratisation targets will face hefty fines