The Italian oil and gas company Saipem announced on Tuesday that it will reduce its workforce in Europe over the next four years as part of its new strategic plan for 2017-2020.
After several years of delays, the first oil batch has finally been shipped from the Kashagan offshore field, located in the Caspian Sea.
Saipem has been awarded two new engineering and construction (E&C) contracts for onshore and offshore work in the Indonesian Tangguh (LNG) expansion project
The det Norske Ivar Aasen topside is now in place with approximately 15,000 tonnes lifted onto the jacked and first oil expected in December 2016
Drilling services provider Saipem has been awarded more than 1.5 billion euros (£1.2 billion) worth of new contracts and variation orders in E&C offshore.
Italian oil and gas contractor Saipem has been awarded new drilling contracts and extensions to existing contracts worth $170 million