Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.
Marine technology company Sonardyne has announced that the next phase of the On Demand OBN (OD OBN) project is under way in Brazil.
Italian oil and gas company Eni has divested a 10% interest in oilfield services provider Saipem in a deal valued at €393 million (US$422.48 million).
Italian major offloads a third of its shares in Italian contractor current, but still controls one fifth of company
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., a subsidiary of Azule Energy Holdings Limited, for the development of the Ndungu field. The offshore field is part of Agogo Integrated West Hub Project, approximately 180 km off the coast of Angola. The value of the contract is around $850 million.