Saipem Board Confirms Vergine as CEO
The Board of Directors of Saipem S.p.A. convened today and, in compliance with the resolutions taken by the Shareholders’ Meeting on May 6, 2014, confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code promoted by Borsa Italiana to ascertain that the Directors Francesco Carbonetti, Rosario Bifulco, Nella Ciuccarelli, Federico Ferro-Luzzi, Guido Guzzetti, Enrico Laghi and Nicla Picchi meet the independence requirements and Corporate Governance Code.
Saipem Wins $1B Offshore Deal
Saipem has been awarded new offshore contracts worth over 1 billion euro. The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present, in particular in the Caspian Sea, both in the Kazakh and Azeri sectors, Brazil, the Middle East, West Africa, the North Sea and Mexico. The operations will be performed by Saipem’s most powerful fleet vessels and include the laying of sealines, field development, as well as platform fabrication and installation.
Bayliss Joins IMCA as Technical Advisor
A new Technical Adviser, Paul Bayliss, has joined the expanding London secretariat of the International Marine Contractors Association (IMCA). He will help to manage the significant work programme of the Association supporting members towards safer and more efficient marine operations. These include offshore construction, dynamically positioned vessels, offshore diving, remotely systems and remotely operated vehicles (ROVs), and offshore positioning/surveying (hydrographic and condition survey).
Stefano Cao Tapped to be Saipem CEO
Former Eni manager Stefano Cao will be appointed chief executive of Italian oil service company Saipem to replace Umberto Vergine at a shareholder meeting in April, two sources close to the matter said. "There's a consensus in the company and government on this position," one of the sources said. Cao, who was executive chairman of Saipem until 2000, was a long-standing manager at state-controlled oil major Eni, which he left in 2008. Eni, which owns 43 percent of Saipem, declined to comment. The board of Saipem will be renewed at a shareholder meeting scheduled for April 30.
Moody's Reviews Saipem's Rating
San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.com] given below has communicated that it has placed under review the provisional issuer rating of "(P) Baa3 " attributed to Saipem, for a possible downgrade. Saipem was assigned its provisional rating, and which has caused Moody’s to downgrade its expectations for future oil prices. • On the potential impact of the weaker market context on Saipem’s future ability to generate cashflows in line with the strategic plan.
STX Finland Signs a Maintenance Contract for Saipem
On 20 April 2011, STX Finland Oy and Saipem S.p.A signed a contract on major overhaul and maintenance of the semisubmersible pipelay vessel Castoro Sei. The work on the ship, providing employment for as many as about 1,000 people, will be completed by STX's Turku shipyard. The Castoro Sei is a 152 metres long and 70.5 metres wide semisubmersible pipelay vessel, owned by Italian offshore company Saipem S.p.A. She is currently deployed in laying the pipeline for the Nord Stream project on the Baltic Sea.
Saipem: BOD Appoints Chairman, CEO, Deputy CEO
San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S.p.A. It also ascertained the independence requirements for Board Directors and Statutory Auditors and appointed the members of the internal Board Committees. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code to ascertain that the Directors Galateri di Genola…
IMCA to Hold Marine Seminar in the Netherlands
‘Practical Vessel Assurance for Safe & Efficient Operations’ is the theme of a two-day Marine Seminar to be held by the International Marine Contractors Association (IMCA) on Wednesday 14 and Thursday, June 15, at the Novotel Amsterdam Schiphol. The Seminar will bring together IMCA members and guests eager to listen to presentations on four key topics – ‘Reactivation of DP vessels after a period of layup’; ‘Investigation and analysis of DP station keeping events’; ‘The role maritime bodies play in vessel assurance’…
Saipem: Barbieri Resigns From the Board of Directors
Saipem announces that Fabrizio Barbieri has resigned from his position as a director of Saipem’s Board. Fabrizio Barbieri, a non-executive and non-independent Board member, was not part of any internal committee, and was drawn from the list of candidates presented by the Eni at the Shareholders’ Meeting on 6 May 2014. Saipem would like to thank Fabrizio Barbieri for the significant contribution he has made to the activities of both the Board and the Company.
Fairmount Glacier Positions FPSO Offshore Nigeria
Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted in the installation of the floating production storage and offloading unit (FPSO) Usan, offshore Nigeria. For this operation Fairmount was contracted by Saipem Energies, which needed a 200 ton bollard pull tug for this job. FPSO Usan is one of the largest of its kind: 320 metres long and 61 metres wide. The unit is build by Hyundai Heavy Industries in Korea. The Usan oilfield is discovered about ten years ago. The field is situated 100 kilometres south of Port Harcourt, with water depths up to 850 metres.
Saipem Buys into Brazil
Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário de Guarujá S.A.), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá, within the industrial hub of Santos, the largest port of South America, in the state of São Paulo. The area is strategically located, approximately 350 km from Santos Basin, the offshore Brazilian region where ultra-deep water pre salt fields are being discovered, and approximately 650 kilometres from Campos Basin, the other most important Brazilian offshore basin.
Saipem Wins $1.5B E&C Offshore Contracts
In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, fabrication and installation of a Central Metering and Manifold Platform (CMMP), to be installed in a water depth of 28 metres, along with associated facilities.
Saipem Bags $750m E&C Contracts in Gulf of Mexico
Saipem has been awarded new offshore Engineering & Construction contracts in the Gulf of Mexico, for a total amount of approximately $750 million. Pemex has awarded Saipem an EPCI contract for the development of the Lakach field, located 98 km southeast of Veracruz and 131 km northwest of Coatzacoalcos, at a water depth varying between 850 and 1,200 metres. The scope of work of the contract involves the engineering, procurement, construction and installation of the system connecting the offshore field with the onshore gas conditioning plant.
Saipem in Subsea Deal with Chiyoda, Xodus
Italian oil service group Saipem said on Thursday it had set up a venture with energy consultant Xodus Group and Japanese engineering company Chiyoda to develop business in the subsea sector. Saipem, 43 percent controlled by Italian oil major Eni , said the new company called Xodus Subsea would provide services focusing on the early phase of projects. "We believe that the subsea sector is continuing to grow and through this partnership Saipem will gain an early understanding on how future projects are being developed," Saipem CEO Umberto Vergine said in a statement.
Keppel Shipyard Wins FPSO Conversion Contract
Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won. Keppel Offshore & Marine Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about S$125 million. The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Limited, a joint venture between long-standing customer Bumi Armada Berhad (Bumi Armada) and Shapoorji Pallonji Group (Shapoorji Pallonji).
Kipevu Oil Terminal at Mombasa Port to Relocate
Kenya Ports Authority annoucend: Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion programme. New, upgraded modern oil terminal is expected to have a capacity to accommodate four vessels of up to 200 000 DWT. The project also involves building new cargo handling facilities with both, subsea and land based pipelines and four berths capable of loading/discharging crude oil, HFO, DPK-aviation, AGO-Diesel and PMS-Petrol.
Kipevu Oil Terminal to Be Relocated
The Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion program, the Kenya Ports Authority announced. The new oil terminal is expected to have a capacity to accommodate four vessels of up to 200,000 DWT. The project also involves building new cargo handling facilities with both subsea and land based pipelines and four berths capable of loading/discharging crude oil, HFO, DPK-aviation, AGO-Diesel and PMS-Petrol.
Barents Sea Drill Rig Stability Incident to be Investigated
The Petroleum Safety Authority Norway (PSA) will investigate the recent stability incident on the mobile rig 'Scarabeo 8'. Scarabeo 8 is a semi-submersible drilling facility owned by Saipem SpA Norwegian Branch (Saipem). The facility is currently engaged in exploration drilling for Eni Norge on well 7220/10 in the Barents Sea. Just after 15:00 hours on Tuesday, 4 September, the Scarabeo 8 developed a 5.7-degree list due to unintentional filling of a ballast tank. The incident triggered an alarm and mustering of personnel.
Kvaerner Bags Two Contracts for Disposal of Platforms
Kvaerner has entered into an agreement with Allseas for the recycling of the topside and bridge of the 36-year-old Valhall QP platform when Allseas removes this installation for operator Aker BP in 2019. The structures will be deconstructed during winter 2019 and spring 2020. Kvaerner has also signed a contract with Saipem Uk for disposal of the Varg A installation. Saipem will remove the installation from the field on behalf of Repsol. Varg A was originally delivered by Kvaerner’s yard in Verdal, Norway in 1997.
Saipem Statutory Auditor Resigns
Professor Anna Gervasoni has resigned from the position of Statutory Auditor of Saipem S.p.A. due to “new professional and academic commitments”, Saipem announced today. Gervasoni had been appointed from the list presented by Eni S.p.A. at the General Shareholders’ Meeting of May 6, 2014. In accordance with the law and the Company’s Articles of Association, the Alternate Auditor Giulia De Martino assumes the position of Statutory Auditor. De Martino had been elected Alternate Auditor at the General Shareholders’ Meeting on April 30, 2015 at Eni’s proposal.
Saipem Wins $1.1B E&C Offshore Contracts
Saipem has been awarded new E&C Offshore contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea. In Brazil, Saipem has signed an EPIC contract with Petrobras for the projects Sapinhoá Norte and Cernambi Sul, within the development of the Pre-Salt Risers in the Santos Basin, approximately 300 kilometres off the coasts of the Rio de Janeiro and São Paulo states, in water depths of 2,200 metres. Petrobras is operator of the BM-S-09 consortium with BG and Repsol and the BM-S-11 consortium with Galp and Repsol.
Keppel Clinches Petrobras & Saipem Contracts
Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel Verolme BV (Keppel Verolme), has secured two contracts worth a total of about $165m. The first project, secured by Keppel Shipyard from repeat customer Petrobras Netherlands B.V (PNBV), is for the pre-conversion of P-58, a Floating Production Storage and Offloading (FPSO) vessel for the Campos Basin. The second project involves the repair and modification of the semisubmersible pipelay vessel, Castoro Sei for Saipem S.p.A (Saipem) by Keppel Verolme.
Saipem to Standardize Intergraph Design Software
Intergraph announced that Saipem has chosen to standardize on Intergraph SmartPlant and SmartMarine Enterprise engineering solutions. The agreement includes Intergraph next-generation 3D design software Smart 3D. Smart 3D is used for both onshore plant design and offshore and ship design. Smart 3D is a design system offering numerous unique capabilities including automated, rule-based design. Users can reuse FEED or old designs with different catalogs and specifications by leveraging Smart 3D’s unique rule re-use, tag renaming and specification interchange.
Saipem America BP E&P Contracts
Saipem America has been awarded two contracts from BP Exploration & Production. Saipem America has been awarded a contract for the BP-operated Mad Dog drilling rig replacement project in the U.S. Gulf of Mexico. The scope of work includes the project management, engineering, transportation, removal of the existing drilling support module from the Mad Dog spar and installation of new drilling rig module onto the Mad Dog spar. Offshore operations are planned within the window end of 2011/early 2012.
Saipem: A Fleet Grows in Brazil
As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator Petrobras. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil brings us an in-depth look at Saipem’s vessels and projects in Brazil. Saipem’s pipelaying segment is part of a unified Business Unit Engineering & Construction…
IMCA Induct New President
Massimo Fontolan, of Saipem Ltd., takes on the role of President of the International Marine Contractors Association (IMCA). Mr. Fontolan is currently Vice President Commercial, North Atlantic and Arctic at Saipem Ltd. In addition to becoming President of IMCA, he also becomes Chairman of the association's Overall Management Committee (OMC), having served as Vice President of IMCA for the past two years. He is a Civil Engineer with a degree in hydromechanics and quick to point…