Saipem

Valmet and Saipem signed a Memorandum of Understanding to develop integrated solutions to support decarbonization of hard-to-abate industries

Retrieved on: 
Monday, December 18, 2023

ESPOO, Finland, Dec. 18, 2023 /PRNewswire/ -- Valmet and Saipem have signed a Memorandum of Understanding (MOU) to develop joint solutions to decarbonize the industrial sectors that face significant challenges in reducing their greenhouse gas emissions, also known as hard-to-abate industries.

Key Points: 
  • ESPOO, Finland, Dec. 18, 2023 /PRNewswire/ -- Valmet and Saipem have signed a Memorandum of Understanding (MOU) to develop joint solutions to decarbonize the industrial sectors that face significant challenges in reducing their greenhouse gas emissions, also known as hard-to-abate industries.
  • Both Saipem and Valmet are committed to supporting customers along their Net Zero journey and ensure effective end-to-end CO2 management for emission-intensive industries.
  • Saipem is "One Company" organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions.
  • Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.

AM Best Affirms Credit Ratings of Sigurd Rück AG

Retrieved on: 
Thursday, August 10, 2023

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Sigurd Rück AG (Sigurd) (Switzerland).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Sigurd Rück AG (Sigurd) (Switzerland).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Global Cement Industry Announces New Programme of Support for Sustainable Technologies – as ‘Open Challenge’ for Brightest Innovation Start-ups Unveils First Partnerships

Retrieved on: 
Tuesday, May 10, 2022

Carbon Upcycling Technologies and Fortera both use captured CO2 to produce low-carbon cement and cementitious materials.

Key Points: 
  • Carbon Upcycling Technologies and Fortera both use captured CO2 to produce low-carbon cement and cementitious materials.
  • Six newly established consortia will help to accelerate the development of technologies that reduce or eliminate carbon throughout the cement and concrete value chain.
  • Thomas Guillot, GCCA Chief Executive, said: Its a proud moment to see the industry coming together to support such innovative start-ups on their journey.
  • We are therefore thrilled to be participating in the Innovandi Open Challenge and playing our part in decarbonising the concrete value chain.

TechnipFMC and Saipem Announce SURF Commercial Agreement to Unlock New Opportunities

Retrieved on: 
Thursday, October 28, 2021

Jonathan Landes, President, Subsea, at TechnipFMC commented: We are very pleased to partner with Saipem for the creation of this alliance.

Key Points: 
  • Jonathan Landes, President, Subsea, at TechnipFMC commented: We are very pleased to partner with Saipem for the creation of this alliance.
  • Importantly, the strengthened offering will also expand the potential market for iEPCI opportunities when combined with TechnipFMCs innovative Subsea 2.0 production systems.
  • Stefano Porcari, Chief Operating Officer of the E&C Offshore Division, at Saipem commented: The SURF commercial agreement with TechnipFMC represents an important milestone to offer a more competitive and reliable value proposition to our clients.
  • We are very excited with this commercial agreement and with the opportunities that will be released to the benefit of our stakeholders.

Alfa Laval supplies marine pumping systems to large offshore wind farm

Retrieved on: 
Tuesday, March 2, 2021

LUND, Sweden, March 2, 2021 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - will supply Framo pumping systems for foundations of Scotland's largest offshore wind farm project.

Key Points: 
  • LUND, Sweden, March 2, 2021 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - will supply Framo pumping systems for foundations of Scotland's largest offshore wind farm project.
  • The order from Saipem, a global leader in engineering, drilling and construction in the energy and infrastructure sectors, comprises Alfa Laval Framo pumping systems.
  • They will be used in a so-called suction bucket technology in the installation of Seagreen, Scotland's largest offshore wind park.
  • Framo pumping systems' suction (vacuum) technology will secure and safely anchor the wind turbine platforms to the seabed.

Perma-Pipe International Holdings Announces Contract Award in Excess of $5.0 Million

Retrieved on: 
Wednesday, February 24, 2021

The project will begin execution in Perma-Pipes Fujairah facility in the United Arab Emirates in Q1 2021.

Key Points: 
  • The project will begin execution in Perma-Pipes Fujairah facility in the United Arab Emirates in Q1 2021.
  • The contract value is in excess of $5.0 million.
  • This new award demonstrates the trust Saipem places in Perma-Pipe and reinforces our working relationship.
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications.

Saipem and Farid Noureddine Bedjaoui’s Acquittal Upheld by Italy’s Highest Court

Retrieved on: 
Friday, December 18, 2020

MILAN, Italy, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The Supreme Court of Cassation has upheld the Milan Court of Appeals previous judgment acquitting Italian energy company Saipem and businessman Farid Noureddine Bedjaoui of corruption and bribery charges first issued in 2013.

Key Points: 
  • MILAN, Italy, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The Supreme Court of Cassation has upheld the Milan Court of Appeals previous judgment acquitting Italian energy company Saipem and businessman Farid Noureddine Bedjaoui of corruption and bribery charges first issued in 2013.
  • Italian prosecutors accused Saipem of orchestrating an alleged $197m bribe to former Algerian officials in order to secure seven contracts with Sonatrach, and businessman Farid Noureddine Bedjaoui of facilitating the bribe.
  • Bedjaouis legal counsels Marco Deluca and Guido Carlo Alleva have expressed their utmost satisfaction with the judgment, commenting that The acquittal is explicit and final.
  • Deluca and Alleva stated that During the course of a very long and complex battle Farid Bedjaoui was required to make many sacrifices, many of which can never be reclaimed or compensated.

Shawcor Ltd. Announces Contract Award for the Payara Development Project

Retrieved on: 
Thursday, October 1, 2020

TORONTO, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) today announced that its pipe coating division has been awarded a definitive contract with Saipem to provide thermal insulation and anticorrosion coating services for the Payara development project located in the Stabroek block offshore Guyana.

Key Points: 
  • TORONTO, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) today announced that its pipe coating division has been awarded a definitive contract with Saipem to provide thermal insulation and anticorrosion coating services for the Payara development project located in the Stabroek block offshore Guyana.
  • The value of the award is in the range of C$55-$65 million and is scheduled to commence in Q4 2020 from Shawcors Veracruz, Mexico and Channelview, Texas facilities.
  • Saipem previously awarded Shawcor coating contracts for the first two phases of the Liza development in Guyana in 2017 and 2018, respectively.
  • Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "predict", "estimate" or similar terminology are used to identify forward-looking information.

Morrison Successfully Completes Pipeline Installation in Gulf of Mexico Shelf, Achieving Milestone

Retrieved on: 
Thursday, September 10, 2020
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200910005769/en/
    Morrison's CM-15 pipeline lay barge performing pipeline installation operations.
  • The Byron pipeline installation presented a unique opportunity for the triple lay of a portion of the overall pipelay on the project.
  • To perform the pipelay installations and bury operations, Morrison utilized its pipeline lay barge, the CM-15.
  • We are extremely proud to reach the milestone of more than 5.5 million ft of pipe laid in the Gulf of Mexico in 2020, the year in which Morrison celebrates its 20th anniversary of working in the pipeline business, stated Morrison CEO Chet Morrison.

Analysis on Impact of COVID-19-Subsea Umbilicals, Risers, and Flow Lines Market 2020-2024 | Surge in Energy Demand to Boost Growth | Technavio

Retrieved on: 
Thursday, May 14, 2020

Our subsea umbilicals, risers, and flow lines market report covers the following areas:

Key Points: 
  • Our subsea umbilicals, risers, and flow lines market report covers the following areas:
    This study identifies the emergence of next-generation automated drilling rigs as one of the prime reasons driving the subsea umbilicals, risers, and flow lines market growth during the next few years.
  • Subsea Umbilicals, Risers, and Flow Lines Market 2020-2024: Vendor Analysis
    We provide a detailed analysis of vendors operating in the subsea umbilicals, risers, and flow lines market, including some of the vendors such as ABB Ltd., Aker Solutions ASA, Baker Hughes Co., Dril-Quip Inc., National Oilwell Varco Inc., Oceaneering International Inc., Prysmian Spa, Saipem Spa, Schlumberger Ltd., and TechnipFMC Plc.
  • Backed with competitive intelligence and benchmarking, our research reports on the subsea umbilicals, risers, and flow lines market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Subsea Umbilicals, Risers, and Flow Lines Market 2020-2024: Key Highlights
    Detailed information on factors that will assist subsea umbilicals, risers, and flow lines market growth during the next five years
    Estimation of the subsea umbilicals, risers, and flow lines market size and its contribution to the parent market
    The growth of the subsea umbilicals, risers, and flow lines market
    Comprehensive details of factors that will challenge the growth of subsea umbilicals, risers, and flow lines market vendors