Oil & Gas News

Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of approximately 1,3 billion USD as part of the Long Term Agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021.

On 23 January 2019, the United States recognized Juan Guaido as the new interim President of Venezuela. This aligned with statements from the U.S. Secretary of State Mike Pompeo that Nicolas Maduro is no longer the legitimate President of Venezuela. Two days later, the Trump Administration announced sanctions against that nation’s state-owned oil and natural gas company (PdVSA).

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