Saipem and South Stream Transport reach agreement
Published by Lydia Woellwarth,
Editor
World Pipelines,
South Stream Transport B.V and SAIPEM S.p.A. have positively ended their negotiations, signing an agreement to amicably settle the arbitration concerning the South Stream Offshore Pipeline Installation contract entered into on 14 March 2014.
Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is ‘One-Company’ organised in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSight, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 60 countries worldwide and has 32 000 employees of 120 different nationalities.
Read the article online at: https://www.worldpipelines.com/business-news/19042019/saipem-and-south-stream-transport-reach-agreement/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Construction begins on Greensand’s carbon dioxide transit terminal at Port Esbjerg
When the tanks are full, the liquefied carbon dioxide will be loaded onto a dedicated carrier from Royal Wagenborg and shipped to the INEOS Nini platform in the Danish North Sea. From there, it will be safely injected via pipeline into subsurface reservoirs approximately 1800 m beneath the seabed for permanent storage.
