Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD. The contracts have been awarded by Woodside, for the Scarborough project, offshore Australia, and by ExxonMobil for the Yellowtail development project located in the Stabroek block offshore Guyana.
Drydocks World Dubai, part of DP World, has begun work converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO).