Offshore Technology Conference 2021
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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. -
Franklin Templeton Investment Funds Franklin Natural Resources Fund a This Fund Is Managed by Franklin Templeton International Services S.À R.L
04 February, 2019 Franklin Templeton Investment Funds Franklin Natural Resources Fund A This fund is managed by Franklin Templeton International Services S.à r.l. EFC Classification Equity Global Materials Price +/- Date 52wk range 6.17 EUR 0.05 01/02/2019 5.11 7.90 Issuer Profile Administrator Franklin Templeton International Services S.à r.l. The Fund invests primarily in equity securities as well as depositary receipts of companies Address 8A, rue Albert Borschette 1246 which perform a substantial part of their business in the natural resources sector, and (ii) companies which hold a substantial part of their participations in companies referred to in City Luxembourg including small and mid-sized companies. For the Fund’s investment purpose, the natural Tel/Fax +352 46 66 67 212 resources sector includes companies that own, produce, refine, process, transport and Website www.franklintempleton.lu market natural resources and companies that provide related services. This sector may include, for example, the following industries: integrated oil, oil and gas exploration and production, energy services and technology, alternative energy sources and General Information environmental services, forest products, farming products, paper products and chemicals. ISIN LU0300736062 On an ancillary basis, the Fund may also invest in equity or debt securities of any type of Fund Type Capitalization US or non-US issuer. The Fund expects to invest its net assets more in US securities than Quote Frequency daily in securities of any... Quote Currency -
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 . -
Teacher of the Year Foundation's Educational Outreach Mrs
SUMMER 2017 INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA PETROLEUM EQUIPMENT & SERVICES ASSOCIATION he 2016-2017 school year closed with many activities having been provided for the students in the five IPAA/PESA Petroleum Academies. These would not have been possible without the tremendous support Tof the many companies, organizations and individuals who have helped sustain the work of the IPAA/PESA Energy Education Center. This year marked an outstanding year of academic success for the students in the petroleum academies, with there being three valedictorians, two salutatorians and numerous top 10 students in the 2017 graduating class. Congratulations to all students, parents and campus personnel. We are very thankful for the involvement of the following organizations that provide industry field trips, camps and support for our students, many on multiple occasions: Bureau of Economic Geology, Comanche Peak Nuclear Power Plant, Consumer Energy Alliance’s Houston Energy Day, Dallas Perot Museum, Fort Worth Museum of Science and History, Gearhart Industries, Gulf Publishing’s Women’s Global Leadership Conference, High Island Barry Russell beach trenching, Houston Geological Society, Houston Museum of Natural Science, the Offshore Energy Center, President & CEO, IPAA Perot Museum, Dallas, Physics Day at Six Flags, Schlumberger Surfside Beach Cleanup, Texas A&M University, Texas Christian University Energy Institute and Fossil Dig, Weir Oil & Gas, and the University of Texas at Arlington. This year we continued our major competitions: the Shell STEM Showdown at the University of Houston with involvement by Rice University, University of Houston, University of St. Thomas, and University of Texas, Austin, with 840 students participating by this September. -
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). -
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 -
Research & Development
RESEARCH & DEVELOPMENT, AN INTERNATIONAL NETWORK TOTAL RESEARCH CENTRE – STAVANGER R&D IN FIGURES HOUSTON RIO DE JANEIRO CSTJF PERL ABERDEEN STAVANGER DOHA R&D, (United States) (Brazil) (France) (France) (United Kingdom) (Norway) (Qatar) THE WORLD IS OUR LABORATORY Our research organization spans the globe. Basing our specialized Research Centres and teams strategically near the regional hubs of the oil & gas industry gives us access to these regions and projects our image of R&D excellence around the world. In full synergy with the nerve centre of Total E&P’s R&D at the Centre Scientifique et Technique Jean-Féger (CSTJF) in southwest France, these researchers are part of a multi-disciplinary network of teams working on strategic R&D programs and themes, crucial for Total’s competitiveness. Our international network and the close ties we have forged with leading-edge public and private research bodies enable us to tap into the academic and industrial expertise available 300 25 in each region. This open innovation strategy helps us RESEARCHERS NATIONALITIES access the most promising scientific and technological NEARLY 340 PATENT FAMILIES advances that we can leverage to deliver tomorrow’s REPRESENTING SOME breakthrough technologies a step ahead of our peers. 1,700 Our Research Centre in Stavanger, Norway, has enjoyed rapid PATENTS FILED growth, fostering highly efficient partnerships with industrial ALL AROUND 10 THE WORLD DISRUPTIVE consortiums and universities in some of the world’s most 2 9,000 m TECHNOLOGIES crucial R&D programs, that will keep Total ahead in our OF LABORATORY FIELD-TESTED EACH YEAR commitment to produce better energy. -
Maintenance Modification and Operations
MAINTENANCE MODIFICATIONS AND OPERATIONS INDEX SAIPEM TODAY 04 SAIPEM ENGINEERING & CONSTRUCTION 06 MAINTENANCE, MODIFICATIONS AND OPERATIONS 08 DECENTRALIZED SERVICES AND GLOBAL PRESENCE 10 A CONTINUOUS COMMITMENT TO LOCAL CONTENT 14 SERVICE FOCUS: MAINTENANCE AND INSPECTION ENGINEERING 16 PROJECT REFERENCES 20 SERVICE FOCUS: OPERATIONS AND MAINTENANCE CONTRACTS 26 PROJECT REFERENCES 28 SERVICE FOCUS: MODIFICATIONS AND TURNAROUNDS 34 PROJECT REFERENCES 36 3 SAIPEM TODAY SAIPEM TODAY IS A WORLD LEADER IN THE GLOBAL SUPPLY OF ENGINEERING, PROCUREMENT, PROJECT MANAGEMENT, CONSTRUCTION AND DRILLING SERVICES WITH DISTINCTIVE CAPABILITIES IN THE DESIGN AND EXECUTION OF LARGE-SCALE OFFSHORE AND ONSHORE PROJECTS. Saipem has a strong bias towards oil and gas frontiers, namely activities in harsh and remote areas, in deep waters as well as in extremely cold and hot environments, applying significant technological competences in many diverse fields such as gas monetization and heavy oil exploitation. Saipem is organized in two Business Units:Engineering & Construction and Drilling. 4 5 SAIPEM ENGINEERING & CONSTRUCTION FOLLOWING AN AGGRESSIVE GROWTH STRATEGY, WHICH INCLUDED IN THE LAST DECADE THE ACQUISITION OF MANY CONSTRUCTION, TECHNOLOGY AND ENGINEERING COMPANIES, MOST PROMINENTLY OF SNAMPROGETTI, BOUYGUES OFFSHORE, SOFRESID AND MOSS MARITIME, SAIPEM HAS BECOME ONE OF THE WORLD LARGEST AND MOST COMPLETE ENGINEERING AND CONSTRUCTION COMPANIES IN THE GLOBAL OIL AND GAS MARKETS, ONSHORE AND OFFSHORE. 6 Ever since its initial steps in the fifties and numerous project execution installation; also revamps, upgradings, as the construction division of Snam, centres around the globe, and with maintenance, decommissionings, the pipeline company of the Eni Group yearly revenues exceeding 10 billion €/y; reclamations and decontaminations. in Italy, Saipem has pursued all held together by outstanding project a systematic growth strategy, based management skills. -
Q1 2021 Earnings Call Presentation
Q1 2021 Earnings Call Presentation April 28, 2021 Disclaimer Forward-looking statements This communication contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Words such as “guidance,” “confident,” “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “will,” “likely,” “predicated,” “estimate,” “outlook” and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections, including the following known material factors: demand for our products and services, which depends on oil and gas industry activity and expenditure levels that are directly affected by trends in demand for and price of crude oil and natural gas; unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation; our ability to develop, implement, and protect new technologies and services, as we ll as our ability to protect and maintain critical intellectual property assets; the cumulative loss of major contracts, customers, or alliances; risks associated with the COVID-19 pandemic, the United Kingdom’s withdrawal from the European Union, disruptions in the political, -
Baker Hughes, a GE Company
Bancalari Ottavio +39 392 1816630 [email protected] MINERVA Loiacono Stefano Investment Management +39 331 5854464 [email protected] Society Ricciardi Giacomo +39 327 9751195 [email protected] Segreto Luigi Gianluca +39 342 8003015 [email protected] Zingrone Matteo +39 329 5675554 [email protected] Milan, 1st December 2018 Baker Hughes, a GE company Equity Research Baker Hughes, a GE company (BHGE) NYSE – Currency in USD Key Points: Price Target: $ 29.47 - $32.20 Business. The Oil and Gas industry has always been extremely volatile especially in the last few weeks. When valuating cash flows related to these companies, it must be considered that revenues and main financial items are Key Statistics: influenced by these fluctuations. As a consequence, we also Service and oil decided to include in the Investment Risk section some of the Sector company most relevant risks that could be faced when investing in Industry Oil and Gas companies in this sector in general. Full Time Employees 64.000 Valuation. Our analysis is mainly concentrated on the FCFO Revenue 17,259 Bn valuation model. We decided to implement a two-stage model Market Cap 23,62 Bn as the company is a mature one. Firstly, we computed the Shares out. 1,129 Bn fundamental components of the cost of equity (including specific country risk premium), the cost of debt and found the D/E ratio for Baker Hughes. As no preferred stocks are issued, we computed the WACC that we used to discount both FCFO and Terminal Value. Assumptions about the revenues were related to the barrel price and some of the most important ratios were kept constant in order not to overestimate the cash flows.