Saipem closed the 2024 financial year with revenues up 23% to 14.55 billion euros, the engineering giant said Tuesday. Gross ...

Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics ...

A merger between Italian eng'neering giant Saipem and Norwegian undersea engineering multinational Subsea 7 shows the ...

Oil futures declined Tuesday, with U.S. benchmark prices falling under $70 a barrel to touch their lowest levels of the year, with the economy and energy demand expected to take a hit from proposed ...

In recent years, Petrobras has been resorting to awarding engineering, procurement, construction and installation (EPCI) ...

The Minister of Petroleum and Mineral Resources, Engineer Karim Badawy, announced the resumption of development work at the ...

Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange ...

Saipem and Subsea7 have reached an agreement in principle on the key terms of a potential merger. The merged company will have a global workforce of over 45,000 people, including more than 9,000 ...

Egypt's petroleum minister Karim Badawi said on Tuesday that drilling work for the development of the Zohr gas field resumed ...

DOF Group ASA (FRA:UV3) reports a 24% revenue increase and outlines strategic plans for fleet optimization and future growth.

The merger will be structured as a merger of equals with a fixed 50-50 exchange ratio. Saipem will be the surviving entity, ...

One of Aker BP's largest oil exploration prospects this year has been drilled in the Norwegian Sea with a disappointing ...