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2014-04-16 18:03:00

SAIPEM WINS $ 750 M

SAIPEM WINS $ 750 M

Saipem has been awarded the contract to $ 750 million for the construction of the lining of two offshore platforms and other subsea structures in the Caspian Sea, confirming the rumors this morning.

Shah Deniz is thus assigned to the consortium composed of Bos Shelf LLC, Saipem Contracting Netherlands BV and Star Fzco Gulf, the contract in Azerbaijan, which is part of a framework agreement for the manufacture, transportation and installation of offshore installations coatings, pipelines and subsea structures within the project Shah Deniz Stage 2. thus continues the good momentum of orders for Saipem, in mid-March after the award of the contract by € 2 billion for the drafting of the first line of the South Stream and the rumors of the last few days of the possible award of the contract to Jizan, Saudi Arabia, from $ 3 billion and that of Lula in Brazil for $ 690 million.

Even the China National Offshore Oil Corporation (CNOOC) would be willing to offer to the market a the design for the potential construction of two platforms in the South China Sea and, increasingly secondole latest rumors, Saipem could be affected.

oilgasnews.it

Tags: SAIPEM, AZERBAIJAN

Chronicle:

SAIPEM WINS $ 750 M
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

SAIPEM WINS $ 750 M
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

SAIPEM WINS $ 750 M
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

SAIPEM WINS $ 750 M
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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