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May 23 (Reuters) Copenhagen Infrastructure Partners, a Danish firm eager to invest in Italian offshore wind farms, is getting impatient. Two years after the country's 2024 law offered incentives to would-be developers to provide offshore wind capacity, the government has yet to announce a calendar for auctions it said it would hold by 2028. The inertia reflects a reluctance... Continue Reading →
May 22 (offshoreWIND.biz;) The consortium comprising Oxan Energy, Ingka Investments, and Avapa Energy has submitted an Environmental Impact Assessment (EIA) for the 1.14 GW Sicily South floating wind project to Italy’s Ministry of Environment and Energy Security. The filing of the EIA officially launches the public consultation phase. Now renamed Dentice, the floating wind farm... Continue Reading →
Feb 26 (Reuters) - Italian energy group Eni beat forecasts on Thursday with a 35% year-on-year jump in fourth-quarter adjusted earnings, driven by a strong performance in its exploration and production division and improved refining results. Adjusted net profit came in at 1.2 billion euros ($1.4 billion) between October and December, beating an analysts' consensus forecast... Continue Reading →
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 →
Brazil Energy Insight 