Saipem | Egypt Oil & Gas - Part 2

Saipem’s Revenues Up 1.6% during Q3, 8.4% in First Nine Months of 2025

The financial results of Saipem, the global leader engineering and construction company, showed an increase in revenues by 1.6% in Q3 2025, reaching €3.8 billion compared to €3.71 billion in Q3 2024. Furthermore, reve...

Saipem, Partners Secure $700 Mn Contract for bp’s Shah Deniz Project in Azerbaijan

Saipem, in a consortium with two companies affiliated with the State Oil Company of the Azerbaijan Republic (SOCAR), has been awarded three offshore contracts worth a total of approximately $700 million (Mn) for bp’s ...

Saipem, Subsea 7 Sign Merger Agreement

Saipem, an Italian multinational oilfield services company, along with with Subsea 7, a Luxembourgish subsea engineering and construction company, signed a binding merger agreement based on the terms and conditions th...

Saipem Wins Contract by Eni for CCS Project in UK worth EUR 520M

Saipem stated that it has been awarded a contract by Eni for the Liverpool Bay Carbon Capture and Storage (CCS) project in the UK. The value of the contract is estimated at approximately Є520 million and will be execu...

Saipem Secures Major Offshore Services Contract in Indonesia

Saipem has secured an offshore EPCI contract along with its consortium partner PT Meindo Elang Indah, for BP’s Tangguh UCC Project located in Papua Barat Province, Indonesia. The project comprises Ubadari field develo...

Saipem Secures $1.9B Engineering Contract for GranMorgu Subsea Development Project in Suriname

 Saipem has been awarded an Engineering, Procurement, Construction, and Installation (EPCI) contract by TotalEnergies’ Subsidiary in Suriname for subsea development of the GranMorgu project, located in Block 58 oil an...

Saipem Signs MoU with Geolog, Ignis H2 Energy for Developing Geothermal Projects

Saipem has signed a Memorandum of Understanding (MoU) with companies specialized into the geothermal sector, Geolog and Ignis H2 Energy to explore innovative solutions for the development of geothermal projects in Ita...

Saipem Unveils 100 MW Green Hydrogen Solution, Utilizing Nel’s Technology

Saipem has announced in cooperation with Nel ASA a scalable and modular 100 MW green hydrogen solution aimed to advance decarbonization of hard-to-abate industries and renewable hydrogen production. The renewable hydr...

Saipem Secures Two Offshore Contracts Costs $1B in Saudi Arabia

Saipem has announced that it has been awarded two offshore contracts including Saudi Arabia under its existing long-term agreement with Saudi Aramco with investments estimated approximately at $1 billion. According to...

Eni Sells 10% of Saipem at 1.970 Euros Per Share

Italian energy company Eni has completed the sale of 10% of the share capital of oilfield group Saipem at 1.970 euros per share for a total value of 393 million euros ($421.96 million). The sale was launched late on T...

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