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Dec. 1 (offshoreWIND.biz) The joint venture (JV) between Nadara and BlueFloat Energy has confirmed to offshoreWIND.biz that Nadara will acquire BlueFloat’s stake in the JV’s floating offshore wind projects in the UK and Italy, and become their sole owner. “Nadara has reached an agreement with its joint venture partner BlueFloat Energy, to acquire its 50% stake... Continue Reading →
Oct. 22 (Reuters) Italy's Saipem said on Wednesday its third-quarter adjusted core profit rose 29% year-on-year as the energy contractor pocketed new orders in Turkey and Guyana. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 437 million euros ($510 million), marginally beating an analyst consensus of 433 million euros compiled by... Continue Reading →
Sept. 24 (offshoreWIND.biz) Ichnusa Wind Power, an Italian developer of floating offshore wind projects, has received the green light to explore a potential site off Sardinia’s coast. A decree issued by the Coast Guard permits Ichnusa Wind Power to undertake scientific and technical surveys off the coast of Portoscuso. The work, which is expected to... Continue Reading →
Sept 23 (Reuters) - Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show. In filings submitted on Thursday, the firms said the merger between Norway's Subsea7 and Italy's Saipem would bring a level of concentration... Continue Reading →
(Reuters) Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business. Adjusted net profit came in at 1.13 billion euros ($1.33 billion) between April and June, down from 1.52 billion euros in the same period of... Continue Reading →
(OE) Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion. The binding merger agreement follows the memorandum of understanding the companies signed in February 2025. Completion of the proposed merger... Continue Reading →
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history. Revenue stood at USD$8.47 billion (€7.2 billion), and EBITDA reached USD$898 million (€764 million), the latter growing... Continue Reading →
(Reuters) Italian energy group Eni has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp for about 2 billion euros ($2.3 billion), it said on Monday. The transaction is part of the Italian group's long-term strategy to find partners to jointly develop its businesses and... Continue Reading →
Full Project Data of Potential FER 2 Bidders Get ahead of the Curve:Have a full list of the potential bidders and their projects | See who the main players are | Learn the assumed technology preferences of the projects | Compare projects on an-apples-to-apples basis | See where their economics differ | Find the potential bid-winners Italy’s FER... Continue Reading →
(offshoreWIND.biz) Galileo Energy and Hope Group have received an Environmental Impact Assessment (EIA) permit from Italy’s Ministry of Environment and Energy Security for the 1.1 GW Barium Bay floating offshore wind project. The joint venture partners said that this is the largest offshore wind farm to have achieved this milestone in Italy and the Mediterranean... Continue Reading →
Brazil Energy Insight 