Saipem has been awarded the extension of two significant onshore drilling contracts in Saudi Arabia for a period of five and ten years, respectively, as well as a new four-year contract in Colombia, according to Saipem’s press release.

Eni’s Company CEO, Claudio Descalzi, has signed a Memorandum of Understanding (MoU) with Saipem’s Company CEO, Stefano Cao, to cooperate on the identification and engineering of decarbonization initiatives and projects in the sector of carbon capture, utilization and storage (CCUS)of carbon dioxide produced by the industrial districts in Italy.

Italian multinational oilfield services company Saipem will restart drilling activities in Norwegian waters following the postponement of activities due to the COVID-19 pandemic.

Engineering, drilling, and construction company, Saipem, has been awarded a $325 million contract by Brazil’s state-run oil company, Petrobras, for the installation of a rigid riser-based subsea system offshore Rio de Janeiro.

The Egyptian Ethylene and Derivatives Company (ETHYDCO) awarded a consortium of Saipem and Petrojet, a contract for the first polybutadiene plant in Egypt valued at $150 million.

Enppi and Saipem inked a cooperation agreement in the field of engineering.

Saudi Aramco and Italy’s oil contractor, Saipem, signed two contracts at $3.5 billion for natural gas, Reuters reported.

Saipem has been awarded two contracts worth $1.3 billion to develop Saudi Aramco’s offshore Berri and Marjan fields.

Egypt paid a total of $1 billion over three years for renting Saipem 10000 drilling rig, which is working in the Zohr natural gas field.

Saipem is in talks with Belayim Petroleum Company (Petrobel) over a $1.2 billion worth offshore contract addendum for an Engineering, Procurement, Construction and Installation (EPCI) project for Zohr field's ramp up to plateau phase.