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Saipem awarded $1bn Aramco contracts

Saipem has been awarded new contracts and change orders in the E&C Offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (Engineering, Procurement, Installation, Construction), under the Long Term Agreement in force and renewed in 2015...

Saipem awarded €1.5bn worth offshore contracts

Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros. The most significant contract relates to the Field Development Project for the “supergiant” Zohr gas field, located off the Egyptian coast in the Mediterranean sea. Petrobel has awarded Saipem an Engineering, Procurement, Construction...

Saipem lands TAP gas pipeline contract

Saipem has been awarded a new contract regarding the offshore section of the Trans Adriatic Pipeline project. The contract has been awarded by Trans Adriatic Pipeline AG, a joint venture between BP, SOCAR, Snam S.p.A., Fluxys, Enagás and Axpo. The EPCI contract (Engineering, Procurement, Construction and Installation) involves the installation of a gas pipeline between...

Saipem bags Aramco & Eni contracts

Saipem has been awarded new contracts by Eni and Saudi Aramco, which together are valued at more than €600 million—approximately $681 million. Saipem was awarded the EPCI contract by Saudi Aramco. The contract involves the engineering, procurement, transportation and installation of offshore structures, including the observation platform, wellhead production deck module, auxiliary platforms, 20-in. internally...

Saipem consortium wins $1.57bn Kuwait contract

Italy’s Saipem and another firm have been awarded a new $1.57 billion contract for work on its planned Al-Zour oil refinery in Kuwait, the state the news agency Kuna reported today. The 45-month contract, valued at KD475.32 million ($1.57 billion), was the lowest offer submitted in the tender, Khalid Al-Asousi, spokesman of state-run Kuwait National...

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.