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Category: Italy

  • Eldorado outbids Saipem in drillship sale

    Eldorado outbids Saipem in drillship sale Norwegian rig owner Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300m, after a last-minute higher bid derailed a previously announced deal with Italy’s Saipem. The company had announced earlier this month that it planned to sell the 2014-built ultra-deepwater…

  • d’Amico doubles down on MR orders

    d’Amico doubles down on MR orders Italian product tanker owner d’Amico International Shipping has added two MR2 product tankers to its orderbook, pressing ahead with a fleet renewal drive built around fuel efficiency and future fuels. The Milan-listed owner said its operating arm, d’Amico Tankers, has signed a shipbuilding contract with China’s Jiangsu New Yangzi…

  • Nexans sets world record by installing power cable 2,150 meters under water

    Nexans sets world record by installing power cable 2,150 meters under water France-headquartered cable systems designer and manufacturer Nexans has set a new world record in […] The post Nexans sets world record by installing power cable 2,150 meters under water appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • d’Amico signs up MR1 newbuild deal in China

    d’Amico signs up MR1 newbuild deal in China Italian product tanker owner d’Amico International Shipping (DIS) has moved to renew its fleet with a fresh newbuilding deal in China, ordering two MR1 units at Guangzhou Shipyard International (GSI). The company said its operating arm, d’Amico Tankers has signed contracts for a pair of 40,000 dwt…

  • Saipem extends drillship charter and $300m purchase option deadline

    Saipem extends drillship charter and $300m purchase option deadline Norway-based Deep Value Driller has won an extension of the bareboat charter for a seventh-generation drillship of the same name from Italian offshore engineering and construction giant Saipem. Saipem has extended the charter of the 2014-built drillship Deep Value Driller, formerly known as Bolette Dolphin, for a firm…

  • Saipem scores another massive deal from QatarEnergy

    Saipem scores another massive deal from QatarEnergy Italian energy services contractor Saipem, in partnership with COOEC, has been awarded an offshore EPCI contract for worth on the North Field worth $4bn by Qatar’s state-owned company QatarEnergy. The contract is for the so-called COMP5 package of the North Field Production Sustainability Offshore Compression Complexes project. The…

  • Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter

    Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter Norway’s Knutsen Group has firmed up another LNG newbuild in South Korea, ordering a 174,000 cu m carrier at Hanwha Ocean on the back of a long-term charter deal with Italy’s Edison. The contract will see the vessel deliver and begin its charter…

  • d’Amico clinches high-rate charters for MR pair

    d’Amico clinches high-rate charters for MR pair Italian product tanker owner and operator d’Amico International Shipping has strengthened its forward cover with two fresh long-term charter deals for a pair of MR tankers, securing earnings visibility across the next two years. The Milan-and OTCQX-listed company said its operating arm, d’Amico Tankers in Ireland, has fixed…

  • d’Amico offloads oldest tanker in $19.5m deal

    d’Amico offloads oldest tanker in $19.5m deal Italian product tanker owner and operator d’Amico International Shipping has agreed to sell the oldest vessel in its fleet, marking another step in the company’s ongoing fleet-renewal drive. The 47,200 dwt MR tanker Glenda Meryl, built in 2011 at Hyundai Mipo in South Korea, will change hands for…

  • Adriatic oilfield back in production mode after months-long shutdown

    Adriatic oilfield back in production mode after months-long shutdown The Italian subsidiary of London-based oil and gas player Energean has restarted production at its field off the coast of Abruzzo, Italy. The post Adriatic oilfield back in production mode after months-long shutdown appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz

  • Italy’s biggest LNG terminal poised for capacity upgrade

    Italy’s biggest LNG terminal poised for capacity upgrade A liquefied natural gas (LNG) terminal in Italy’s northern Adriatic Sea will undergo work to expand its regasification capacity. The post Italy’s biggest LNG terminal poised for capacity upgrade appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz

  • Six new Bourbon vessels set to serve Eni’s FLNG projects in Congo

    Six new Bourbon vessels set to serve Eni’s FLNG projects in Congo French offshore vessel player Bourbon has inked a five-year contract with Eni for the renewal of its crewboat fleet with an order for six new vessels. The contract covers the charter of six new S200X-G2 units, scheduled to be commissioned progressively between June…

  • Next Geosolutions takes over subsea contractor Rana

    Next Geosolutions takes over subsea contractor Rana Italy’s Next Geosolutions (NextGeo) has acquired a controlling stake in fellow subsea contractor Rana Subsea, expanding its reach and capabilities in the offshore energy support segment. The Milan-listed company, part of Naples-based Marnavi Group, has agreed to buy 75.4% of Rana Subsea. The shares were acquired from Nettuno…

  • Limpet mine threat in the Mediterranean grows

    Limpet mine threat in the Mediterranean grows A series of suspected limpet mine attacks and unexplained blasts targeting commercial tankers in the Mediterranean has reignited concern over the evolving nature of maritime threats.  “These incidents – marked by stealth, ambiguity, and geopolitical undertones – signal a shift in the maritime risk landscape that demands a…

  • Fugro nets work on Eni’s deepwater gas project in the Mediterranean

    Fugro nets work on Eni’s deepwater gas project in the Mediterranean Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean. The project is operated by Italian major Eni and is located off the coast of Cyprus. Geo-data acquisition is scheduled…

  • RINA acquires naval architects Foreship

    RINA acquires naval architects Foreship Italian classification society RINA has acquired Finnish naval architecture and marine engineering consultancy Foreship. The transaction, with an undisclosed price tag, includes the entire share capital of Foreship, previously held by private equity firm Vaaka Partners and the company’s management. Helsinki-based Foreship, which employs more than 90 experts across eight…

  • Eni selling nearly half of its carbon capture business to BlackRock’s GIP

    Eni selling nearly half of its carbon capture business to BlackRock’s GIP Italian giant Eni has signed an agreement to enter into a period of exclusivity with BlackRock’s Global Infrastructure Partners (GIP) regarding the sale of a 49.99% stake in its carbon capture business. During the exclusivity period, GIP will progress the confirmatory due diligence…

  • Italy’s Edison welcomes inaugural LNG cargo from Louisiana plant

    Italy’s Edison welcomes inaugural LNG cargo from Louisiana plant Italian utility company Edison has welcomed its first liquefied natural gas (LNG) shipment hailing from the export facility in Cameron Parish, Louisiana, operated by U.S.-based LNG export project developer Venture Global. The post Italy’s Edison welcomes inaugural LNG cargo from Louisiana plant appeared first on Offshore…

  • Prysmian puts first subsea cable in place for eastern piece of Italy’s electricity interconnection

    Prysmian puts first subsea cable in place for eastern piece of Italy’s electricity interconnection Prysmian Group has confirmed the wrap-up of the installation works related to the first submarine cable of the eastern branch of an electricity interconnection between Campania, Sicily, and Sardinia. The post Prysmian puts first subsea cable in place for eastern piece…

  • Premuda seals management buyout

    Premuda seals management buyout Italian tanker and bulker owner and operator Premuda has concluded a management buyout led by its top executives. The deal spearheaded by chief executive Marco Fiori and chief of finance Enrico Barbieri has seen the acquisition of 100% of the share capital in the Genoa-based company for an undisclosed sum. The…

  • d’Amico scores long-term tanker fixtures

    d’Amico scores long-term tanker fixtures Italian product tanker owner and operator d’Amico International Shipping (DIS) has revealed new long-term employment at “very profitable” rates for multiple vessels. The Milan-listed company’s Irish-based d’Amico Tankers has fixed two MR2 tankers and one LR1 for one year each through new deals “with reputable counterparties”. Additionally, one MR2 has…

  • Saipem wins $590m deal for work on Eni’s UK CCS project

    Saipem wins $590m deal for work on Eni’s UK CCS project Italian offshore engineering and construction giant Saipem has won a contract from Eni for work on the Liverpool Bay CCS project in the UK. The value of the contract is estimated approximately €520m ($592m) over the three years required to complete the project. The…

  • Nexans to deliver second Malta-Italy interconnector, ten years after the first one

    Nexans to deliver second Malta-Italy interconnector, ten years after the first one Nexans has secured a contract with government-owned Interconnect Malta (ICM) to deliver the second […] The post Nexans to deliver second Malta-Italy interconnector, ten years after the first one appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Saipem and Lamprell extend offshore cooperation with Saudi Aramco

    Saipem and Lamprell extend offshore cooperation with Saudi Aramco The Saudi giant has renewed long-term agreements with the Italian offshore engineering and construction giant Saipem and UAE-based fabricator Lamprell. Saipem’s agreement with the Saudi firm is now set to run until the end of 2027. With this renewal, the company is confirmed in the exclusive…

  • May 2025 auction date set for Italian FSRU’s regasification slots

    May 2025 auction date set for Italian FSRU’s regasification slots Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, will hold auctions for regasification capacity at its floating storage and regasification unit (FSRU). The post May 2025 auction date set for Italian FSRU’s regasification slots appeared first on…

  • Nova Marine Carriers forms shipping venture with steelmaker Marcegaglia

    Nova Marine Carriers forms shipping venture with steelmaker Marcegaglia Italian-Swiss dry bulk group Nova Marine Carriers has established a joint venture with Marcegaglia for shipments of raw materials to the manufacturing sites of the Italian steelmaker. The jv called NovaMar Logistic will take over the management of the 2012-built open hatch 26,300 dwt handy bulker…

  • Saipem rakes in $720m for work in Middle East and Guyana

    Saipem rakes in $720m for work in Middle East and Guyana Italian offshore engineering and construction giant Saipem has won two brand new contracts worth approximately $720m. The first contract encompasses the engineering, procurement, construction, and installation activities for the repair of damaged subsea pipelines for an unnamed major client in the Middle East. The…

  • Fugro survey vessel arrives safely to port following grounding

    Fugro survey vessel arrives safely to port following grounding Fugro’s survey vessel, Fugro Mercator, has been towed to a shipyard for inspection following a grounding incident on March 22. After the incident occurred, the 11-strong crew were evacuated and taken ashore. Fugro said at the time that a salvage operation was being prepared together with…

  • Ingka, Oxan, and Avapa to develop two floating wind farms off Italy

    Ingka, Oxan, and Avapa to develop two floating wind farms off Italy IKEA owner Ingka Investments and French offshore wind developer Oxan Energy have partnered with Avapa Energy on two floating offshore wind development projects in Italy. The projects have the potential to reach a total installed capacity of 2.45GW. The two offshore wind projects…

  • Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project

    Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project Singapore-based Nortrans Offshore has been awarded a contract with Italian giant Saipem for work on the Jansz-Io compression project offshore Western Australia. As part of this project, the company took the 200-person flotel Belait CSS 1 on a long-term bareboat charter. This is…

  • Snam closing in on LNG terminal’s startup as FSRU is moored in Ravenna

    Snam closing in on LNG terminal’s startup as FSRU is moored in Ravenna Italian energy player Snam has completed the mooring of a floating storage regasification unit (FSRU) at its liquefied natural gas (LNG) terminal off the coast of Northern Italy. The post Snam closing in on LNG terminal’s startup as FSRU is moored in…

  • d’Amico fixes five tankers

    d’Amico fixes five tankers Italian product tanker owner and operator d’Amico International Shipping (DIS) secured employment for five of its vessels. The Milan-listed company’s Irish-based d’Amico Tankers has fixed four handysize vessels through new deals and extended the charter of one of its MRs. The charterers and financial terms were not disclosed, but DIS said…

  • d’Amico boosts owned fleet with LR1 purchase option

    d’Amico boosts owned fleet with LR1 purchase option Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has snapped up another leased vessel. The Carlos di Mottola-led company has declared a purchase option on the 2019-built LR1 Cielo di Houston costing about $26.5m. The Hyundai Mipo Vietnam-built 74,999 dwt unit has been on bareboat…

  • Next Geosolutions secures more work for TenneT

    Next Geosolutions secures more work for TenneT Offshore energy services contractor Next Geosolutions has been selected by Dutch-German transmission system operator TenneT for site surveys at two wind farm zones off the Netherlands. The contract worth €27m ($27.7m) will see the company, part of Naples-based shipping group Marnavi, carry out marine UXO surveys in the…

  • Nortrans Offshore wins flotel work on Romanian gas project

    Nortrans Offshore wins flotel work on Romanian gas project Singapore-based Nortrans Offshore has landed a charter deal with Italian offshore engineering and construction giant Saipem for one of its maintenance and support vessels. The 2015-built flotel Temis will work on the Neptun Deep gas development project in the Romanian part of the Black Sea. The…

  • Saipem back in business in Brazil

    Saipem back in business in Brazil A Brazilian court has informed Italian offshore engineering and construction giant Saipem that it can resume normal operations in Brazil. Saipem was suspended from signing new contracts with the Brazilian public administration for two years following a probe into alleged irregularities surrounding a deal signed with Petrobras in 2011.…

  • Next Geosolutions expands fleet with MPSV acquisition

    Next Geosolutions expands fleet with MPSV acquisition Marine geoscience and offshore construction support player Next Geosolutions (NextGeo) is expanding its fleet with the acquisition of a multipurpose survey vessel (MPSV) from Norway’s Beitveit Holding. The Milan-listed company, part of Naples-based shipping group Marnavi, is paying €6.75m ($7.1m) for the 2010-built Sea Admiral, which will be…

  • TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field

    TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field French energy major TotalEnergies has awarded TechnipFMC and Saipem billions in contracts for its GranMorgu project in Block 58 offshore Suriname. TechnipFMC’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The company will also supply umbilicals,…

  • TechnipFMC and Prysmian link up on floating offshore wind

    New York-listed subsea player TechnipFMC and Italian cabling giant Prysmian have joined forces to work together on global floating offshore wind projects. A collaboration agreement will see the two companies aim to pioneer a subsea water column solution “from seabed to ocean surface”, joining TechnipFMC’s design and integration capacities with Prysmian’s submarine power cable systems.…