Category: Italy

Gazelle Wind Power And Tugdock Work Together to Reduce Cost of Floating Offshore Wind Platform  

Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform, and Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform, have signed a Memorandum of Understanding to co-develop a modular offshore wind assembly system, that is expected to dramatically drive down costs and increase production... Continue Reading →

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Saipem scores $1.9 billion contract wins offshore Guyana and Brazil

(OET) Italy’s engineering, drilling, and construction services provider Saipem has tucked under its belt two new offshore contracts worth approximately $1.9 billion for work with ExxonMobil’s subsidiary ExxonMobil Guyana Limited and Equinor. As a result, the Italian player will carry out operations for the U.S. oil major in Guyana while the assignment with the Norwegian state-owned... Continue Reading →

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With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers

(OET) Italy-headquartered cabling giant Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion, including projects for which the Italian player has been selected as the preferred bidder. This was driven by energy transition and electrification, which are expected to remain long-term growth... Continue Reading →

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Saipem says recovery on track after positive Q3

 (Reuters) - Italian energy services group Saipem (SPMI.MI) has made significant progress in its turnaround and is close to completing the problematic projects that forced it to raise capital last year, its CEO said on Thursday. Commenting on third quarter results, Alessandro Puliti said the group was back on a growth path thanks to record orders and... Continue Reading →

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Rosetti Marino to Build Green Hydrogen Platform for Dutch Offshore Wind Farm

(OE) Dutch offshore wind farm developer CrossWind has awarded Italy-based Rosetti Marino a new engineering, procurement, construction, installation and commissioning (EPCIC) contract for an offshore green hydrogen production and storage pilot plant - called the 'Baseload Power Hub.' The Baseload Power Hub will be located within CrossWind’s Hollandse Kust Noord offshore wind farm, 18.5 kilometers off... Continue Reading →

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Prysmian’s renewed credit facility includes environmental and social KPIs

Italian cabling giant Prysmian has renewed its €1,000 million long-term revolving credit facility, including environmental and social KPIs among the parameters that determine the financing conditions. Prysmian reported on 13 July that it had signed the renewal of the €1,000 million long-term revolving credit facility sustainability-linked with a pool of Italian and international banks. This five-year... Continue Reading →

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