Saipem completes Saudi shallow-water drilling business sale to ADES
Saudi Arabian Saipem Limited shares transferred following regulatory approvals.
Follow global economy, business, finance, energy, climate and public affairs through original sources, sourced data and context. (Page 423 of 425)
Saudi Arabian Saipem Limited shares transferred following regulatory approvals.
The design combines Honeywell and Siemens Energy technologies for LNG project delivery.
The study assessed 24 separate approaches to reducing capital costs.
The Antwerp project involves plant design, safety and cost studies.
Work advances Olympic Dam and Carrapateena expansions subject to investment decisions.
The August 30 statement covers output and employment in the producing region.
Shareholding ends while rights to repayment of shareholder loans are retained.
The limited notice to proceed covers engineering, procurement and permitting preparation.
The UAE offshore engineering award falls within the company’s €50–250 million contract classification.
The BCEI awards cover design and procurement support.
The agreements and memorandum carry potential combined value above $3.7 billion.
The August 24 announcement provides an application guide and frequently asked questions.