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Saipem Secured for Dogger Bank
WEDNESDAY 22 JULY 2020 SAIPEM SECURED FOR DOGGER BANK Saipem contracted to transport and install two offshore platforms for project’s first two phases Dogger Bank Wind Farm is pleased to welcome Saipem to the world’s largest offshore wind farm project. The project is located more than 130km off the North East coast of England and is made up of three phases: Dogger Bank A, Dogger Bank B and Dogger Bank C. In total, the project will be able to power over 4.5 million homes, contributing significantly towards the UK’s net zero ambition. Saipem will utilize its state-of-the-art heavy lift vessel Saipem 7000 to transport and install two offshore HVDC (High Voltage Direct Current) platforms for the first two phases of the offshore wind farm development: Dogger Bank A and Dogger Bank B. Both platforms will consist of a ca. 2,900- tonne jacket and a ca. 8,500-tonne topside. Dogger Bank is the first project to use HVDC technology in the UK’s offshore wind market. Offshore construction at the project will be undertaken in consecutive phases, with onshore construction already underway for Dogger Bank A and B. Steve Wilson, Dogger Bank’s Project Director, said: “We’re really pleased to welcome Saipem to the Dogger Bank Project and look forward to working with them. They have extensive experience in the installation of large offshore platforms which will be essential to ensure the safe and efficient installation of the offshore HVDC platforms for Dogger Bank A and B.” Guido D’Aloisio, Head of Saipem’s newly established Offshore Renewables Business Line commented: “The project with Dogger Bank is a significant endeavour for the UK’s offshore wind industry and we are very pleased to contribute to this strategic development. -
2017 Corporate Responsibility Report
2017 corporate responsibility report 2017 corporate responsibility report chevron in Nigeria human energy R chevron in Nigeria 1 2017 corporate responsibility report 2 chevron in Nigeria 2017 corporate responsibility report “We are the partner of choice not only for the goals we achieve but how we achieve them” At the heart of The Chevron Way is our vision … to be the global energy company most admired for its people, partnership and performance. We make this vision a reality by consistently putting our values into practice. The Chevron Way values distinguish us and guide our actions so that we get results the right way. Our values are diversity and inclusion, high performance, integrity and trust, partnership, protecting people and the environment. Cover photo credit: Marc Marriott Produced by: Policy, Government and Public Affairs (PGPA) Department, Chevron Nigeria Limited Design and Layout : Design and Reprographics Unit, Chevron Nigeria Limited chevron in Nigeria 3 2017 corporate responsibility report the chevron way explains who we are, what we do, what we believe and what we plan to accomplish 4 chevron in Nigeria 20172017 ccorporateorpporatee resresponsibilityponssibility reportreport table of contents message from the CMD 6 about chevron in nigeria 7 social investments 8 health 9 education 12 economic development 16 partnership initiatives in the niger delta 20 engaging stakeholders 26 our people 29 operating responsibly 35 nigerian content 41 awards 48 chevron in Nigeria 5 2017 corporate responsibility report of rapid change in the oil and gas industry, our focus remains on delivering that vision in an ethical and sustainable way. Our corporate responsibility focus areas are aligned with our business strategy of delivering industry-leading returns while developing high-value resource opportunities. -
Third Quarter 2015 Results and Strategy Presentation
THIRD QUARTER 2015 RESULTS AND STRATEGY PRESENTATION London, 28 October 2015 mercoledì 28 ottobre 2015 Saipem. Engineering Energy Saipem. Engineering Energy FORWARD-LOOKING STATEMENTS By their nature, forward-looking statements are subject to risk and uncertainty since they are dependent upon circumstances which should be or are considered likely to occur in the future and are outside of the Company’s control. These include, but are not limited to: forex and interest rate fluctuations, commodity price volatility, credit and liquidity risks, HSE risks, the levels of capital expenditure in the oil and gas industry and other sectors, political instability in areas where the Group operates, actions by competitors, success of commercial transactions, risks associated with the execution of projects (including ongoing investment projects), in addition to changes in stakeholders’ expectations and other changes affecting business conditions. Actual results could therefore differ materially from the forward-looking statements. The Financial Reports contain analyses of some of the aforementioned risks. Forward-looking statements are to be considered in the context of the date of their release. Saipem S.p.A. does not undertake to review, revise or correct forward-looking statements once they have been released, barring cases required by Law. Forward-looking statements neither represent nor can be considered as estimates for legal, accounting, fiscal or investment purposes. Forward-looking statements are not intended to provide assurances and/or solicit investment. 2 Saipem. Engineering Energy CHAIRMAN’S OPENING REMARKS A new chapter in Saipem’s History Saipem Board of Directors’ resolutions: . Approval of the new Strategic Plan . Recapitalisation and debt refinancing . -
Adams Natural Resources Fund
ADAMS NATURAL RESOURCES FUND FIRST QUARTER REPORT MARCH 31, 2021 GET THE LATEST NEWS AND INFORMATION adamsfunds.com/sign-up L ETTER TO S HAREHOLDERS Dear Fellow Shareholders, Every new year brings with it the opportunity for a fresh start, resolutions for change, and hope for the future. No year in recent history has held greater expectations than 2021. We all hope to put the pandemic behind us and get back to normal. The year began with a new President in the White House and multiple vaccines already starting to be distributed. As the quarter progressed, we made significant strides towards vaccinating the most vulnerable. While we are moving closer to a return to normalcy as the availability of vaccines continues to grow, new COVID-19 variants threaten to slow progress. The economy continued to show signs of recovering as employers added more jobs in the first quarter and the unemployment rate declined to 6.0%. In February, consumer sentiment rose to its highest level since March 2020, when the COVID-19 shutdowns were just beginning. Over the past year, household savings have grown significantly and should begin to flow through the Energy was the best economy as it reopens. performing sector in the S&P 500 as oil prices The passage of a $1.9 trillion stimulus package and a rebounded. commitment of continued support from the Federal Reserve helped drive the stock market higher in the first quarter. The S&P 500 ended the quarter up 6.2%. Improved growth prospects pushed yields on 10-year Treasury notes higher and raised some concerns that the size of the stimulus could lead to higher inflation. -
Federal Register/Vol. 64, No. 105/Wednesday, June 2
Federal Register / Vol. 64, No. 105 / Wednesday, June 2, 1999 / Notices 29669 2. Insurance Project in Brazil DEPARTMENT OF JUSTICE oilfield facilities associated with subsea 3. Insurance Project in Argentina wellbores. As used herein, ``subsea 4. Insurance Project in Argentina Antitrust Division wellbores'' means offshore wellbores 5. Insurance Project in Turkey having a subsea wellhead at or near the Notice Pursuant to the National sea bottom. However, the scope of 6. Insurance Project in Algeria Cooperative Research and Production 7. Pending Major Projects DeepVision's operations does not Act of 1993ÐDeepVision L.L.C. extend to services provided by 8. Report on Equity Fund Notice is hereby given that, on March Transocean Offshore Inc.'s (and its CONTACT PERSON FOR INFORMATION: 12, 1999, pursuant to Section 6(a) of the affiliates') existing fleet of conventional Information on the meeting may be National Cooperative Research and coiled tubing drillling vessels and obtained from Connie M. Downs at (202) Production Act of 1993, 15 U.S.C. 4301 systems for semi-submersibles and 336±8438. et seq. (``the Act''), Baker Hughes offshore platforms, nor to Baker Hughes Dated: May 28, 1999. DeepVision Holdings, Incorporated has Incorporated's (and its affiliates') coil Connie M. Downs, filed written notification tubing services of the type OPIC Corporate Secretary. simulataneously with the Attorney corresponding to their existing services [FR Doc. 99±14045 Filed 5±28±99; 2:53 pm] General and the Federal Trade that operate (a) Onshore, (b) through surface completions or (c) through BILLING CODE 3210±01±M Commission disclosing (1) the identities of the parties and (2) the nature and conventional subsea workover, drilling objectives of the venture. -
Extracting the Best in Upstream Analysis |
Extracting the best in upstream analysis | www.worldexpro.com Extracting the best in upstream analysis | www.worldexpro.com Extracting the best in upstream analysis | www.worldexpro.com Why is World Expro essential reading? As oil prices continue to remain volatile and consuming nations become increasingly determined to secure access to energy supplies, choosing the right investment and the right business partner has never been more essential. Investing in new technologies to further push the boundaries of oil and gas exploration and production is becoming more and more crucial to companies to boost reserves and output. World Expro is the premier information source for the world’s upstream oil executives who need reliable and accurate intelligence to help them make critical business decisions. Aimed at senior board members, operations, procurement and E&P heads within the upstream industry World Expro provides a clear overview of the latest industry thinking regarding the key stages of exploration and production. Bonus distribution at key industry events, Further distribution of WEX on display at WEX on display at ADIPEC Abu Dhabi OSEA, Singapore Extracting the best in upstream analysis | www.worldexpro.com Circulation and Readership The key to World Expro’s success is its carefully targeted ABC-audited circulation. World Expro reaches key decision makers within state-owned and independent oil and gas producing companies, the contractor community and financial and consulting organisations. World Expro is read by personnel ranging from presidents and CEOs to heads of E&P, project managers and geophysicists to engineers. World Expro is distributed in March and September internationally at corporate, divisional/ regional and project level and has an estimated readership of 56,000 (publisher’s statement). -
Enterprise Risk Management in the Oil and Gas Industry: an Analysis of Selected Fortune 500 Oil and Gas Companies’ Reaction in 2009 and 2010 Violet C
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Clute Institute: Journals American Journal of Business Education – First Quarter 2016 Volume 9, Number 1 Enterprise Risk Management In The Oil And Gas Industry: An Analysis Of Selected Fortune 500 Oil And Gas Companies’ Reaction In 2009 And 2010 Violet C. Rogers, Stephen F. Austin State University, USA Jack R. Ethridge, Stephen F. Austin State University, USA ABSTRACT1 In 2009, four of the top ten Fortune 500 companies were classified within the oil and gas industry. Organizations of this size typically have an advanced Enterprise Risk Management system in place to mitigate risk and to achieve their corporations’ objectives. The companies and the article utilize the Enterprise Risk Management Integrated Framework developed by the Committee of Sponsoring Organizations (COSO) as a guide to organize their risk management and reporting. The authors used the framework to analyze reporting years 2009 and 2010 for Fortune 500 oil and gas companies. After gathering and examining information from 2009 and 2010 annual reports, 10-K filings, and proxy statements, the article examines how the selected companies are implementing requirements identified in the previously mentioned publications. Each section examines the companies’ Enterprise Risk Management system, risk appetite, and any other notable information regarding risk management. One observation was the existence or non-existence of a Chief Risk Officer or other Senior Level Manager in charge of risk management. Other observations included identified risks, such as changes in economic, regulatory, and political environments in the different countries where the corporations do business. -
Offshore Technology Conference 2021
CONFERENCE PROGRAM Offshore Technology Conference 2021 16–19 AUGUST 2021 » NRG PARK » HOUSTON, TEXAS, USA » 2021.OTCNET.ORG DOWNLOAD THE OFFICIAL OTC MOBILE APP! Download the OTC mobile app to plan your route on the exhibit hall floor and to maximize your OTC experience. After the app is downloaded on your device, it does not require Wi-Fi or data connectivity for its key functions. TO DOWNLOAD • For Apple and Android devices: visit your App Store or Google Play on your device and search for “Offshore Technology Conference” • For All Other Device Types: While on your smartphone, point your camera to the QR code. • If OTC 2019 is previously downloaded on your device, simply update this application in your app store to access OTC 2021. TOGETHER, WE CAN TACKLE ANY CHALLENGE. LOWERING YOUR CARBON FOOTPRINT & COSTS THROUGH FUEL FLEXIBILITY POWERING ELECTRIFICATION WITH EFFICIENT, 100% GAS-FUELED MOBILE SOLUTIONS PROVIDING HYBRID FLEXIBILITY THAT INTEGRATES CONVENTIONAL & LOW-CARBON POWER © 2021 Caterpillar. All Rights Reserved. CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos, “Caterpillar Corporate Yellow”, the “Power Edge” and Cat “Modern Hex” trade dress as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission. OTC Digital Program Ad Rev1.indd 1 7/6/2021 8:18:14 AM GENERAL INFORMATION 2021.otcnet.org 1 OTC Organizations Table of Contents GENERAL INFORMATION Chairperson’s Welcome Letter............................... 2 Sponsoring Organizations Schedule of Events -
Saipem S.P.A. V. the People's Republic of Bangladesh (ICSID
CASES Saipem S.p.A. v. The People’s Republic of Bangladesh (ICSID Case No. ARB/05/7) Introductory Note The Decision on Jurisdiction and Recommendation on Provisional Measures in Saipem S.p.A. v. The People’s Republic of Bangladesh was issued in a case brought to ICSID by a company incorporated in Italy and submitted under the 1990 Agreement Between the Government of the Republic of Italy and the Government of the People’s Republic of Bangladesh on the Promotion and Protection of Investments, which entered into force in 1994 (the Treaty). The underlying dispute concerned a gas pipeline construction project in the North East of Bangladesh. In 1990, the Claimant and a Bangladeshi State entity, the Bangladesh Oil Gas and Mineral Corporation (Petrobangla), entered into a contract governed by the laws of Bangladesh which contained an ICC arbitration clause with Dhaka, Bangladesh, as the place of arbitration. After the project was completed, a contractual dispute eventually led to an ICC award rendered in 2003 in favor of the Claimant. The ICC Tribunal awarded compensation with interest and ordered Petrobangla to return a warranty bond to the Claimant. Further to Petrobangla’s application to set aside the ICC award, in April 2004, the High Court Division of the Supreme Court of Bangladesh held that the award could neither be set aside nor enforced. On October 5, 2004, the Claimant submitted a request for arbitration to ICSID, claiming that Petrobangla had colluded with the courts of Bangladesh to sabotage the ICC arbitration, and that its investment had, as a result, been expropriated without compensation under the Treaty. -
Saipembil15ing.Qxd 19-03-2016 18:33 Pagina I
001-068SaipemBil15Ing.qxd 19-03-2016 18:33 Pagina I Annual Report 2015 WorldReginfo - 1879636b-fada-4476-b9ba-236b14bdd041 Mission We approach each challenge with innovative, reliable and secure solutions to meet the needs of our clients. Through multicultural working groups we are able to provide sustainable development for our company and for the communities in which we operate. Values Innovation; health, safety and environment; multiculturalism; passion; integrity. Countries in which Saipem operates EUROPE Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, France, Grece, Italy, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Spain, Switzerland, Turkey, United Kingdom AMERICAS Bolivia, Brazil, Canada, Chile, Colombia, Dominican Republic, Ecuador, Mexico, Panama, Peru, Suriname, Trinidad and Tobago, United States, Venezuela CIS Azerbaijan, Georgia, Kazakhstan, Russia, Turkmenistan, Ukraine AFRICA Algeria, Angola, Congo, Egypt, Gabon, Libya, Mauritania, Morocco, Mozambique, Namibia, Nigeria, South Africa, Uganda MIDDLE EAST Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates FAR EAST AND OCEANIA Australia, China, India, Indonesia, Japan, Malaysia, Papua New Guinea, Singapore, South Korea, Thailand, Vietnam WorldReginfo - 1879636b-fada-4476-b9ba-236b14bdd041 Annual Report 2015 WorldReginfo - 1879636b-fada-4476-b9ba-236b14bdd041 Disclaimer The Annual Financial report contains forward-looking statements, in particular in the section ‘Outlook’. By their nature, forward-looking statements are subject to risk -
Saipem and Servicenow
Saipem and ServiceNow Saipem opts for ServiceNow as a strategic platform for global transformation Job to be done Solutions to do it What we did Enable digital transformation to - ServiceNow® IT Service Management Saipem has improved control increase efficiency throughout - ServiceNow® IT Business Management over IT assets and operations the business, eliminating silos, - ServiceNow® IT Operations with ServiceNow and reducing operating costs Management Where eagles dare We have developed a partner relationship with ServiceNow In the harshest deserts or the most inaccessible glaciers, Saipem uses its and have established the required expertise in engineering and construction to steer changes in the energy level of flexibility, two valuable and infrastructure sectors, using innovative solutions. Always ready to respond characteristics for a software vendor. to particularly challenging situations in difficult conditions, the multinational embarked on a process of change to improve the efficiency of processes linked Mario Attubato to IT asset management and beyond. The company identified ServiceNow as Corporate Head of a partner and the most suitable platform for the digital management of Digital Transformation Saipem internal processes. Around 36,000 specialists, supported by a network of suppliers and subcontractors comprising more than 20,000 people, and revenues of approximately 9 billion euros in 70 countries worldwide. These are the figures that define the global business operations of Saipem, an Italian leader in the engineering sector -
GE's $7.4 Billion Loss, Write-Off on Baker Hughes: Another Bad Bet On
Kathy Hipple, Financial Analyst 1 Tom Sanzillo, Director of Finance Tim Buckley, Director of Energy Finance Studies, Australasia October 2019 GE’s $7.4 Billion Loss, Write-off on Baker Hughes: Another Bad Bet on Fossil Fuels Q3 Loss, Write-Off Likely to Be $9+ Billion; More Red Ink to Flow, as O&G Has $25 Billion of Goodwill on Balance Sheet Executive Summary General Electric, once a blue-chip stalwart in global markets, now struggles with declining revenues and earnings. One important thread that runs through the tattered cloth of GE’s decline is its misreading of changing dynamics in the energy sector. Throughout the ongoing energy transition, as GE has continued to bet heavily on fossil fuels, many of those bets have turned sour for the company and its shareholders. GE’s Oil & Gas (O&G) division’s 2017 merger with oil services company Baker Hughes was a particularly costly bet, one that epitomizes how GE has been blind-sided by the rapidly evolving energy transition. Over the past year, GE has formally announced it has taken, or will take, losses or write-offs of approximately $9.6 billion (bn)1 in connection with two partial sales of its stake in one of the world’s largest oil services companies, Baker Hughes, a GE company (BHGE). These losses include the company’s $2.2 bn Q4 2018 pre-tax loss on the first sale of BHGE shares in November 2018, and an estimated pre-tax loss 1 All figures are US$ unless noted. GE’s $7.4 Billion Loss, Write-off on Baker Hughes: Another Bad Bet on Fossil Fuels 2 and write-off of an additional estimated