Saipem SpA (SPMI.MI)
23 May 2018
Tue, Apr 24 2018
MILAN Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector.
MILAN, April 24 Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector.
MILAN Italian oil services company Saipem said on Monday it had republished its 2015 and 2016 results to comply with a ruling by market regulator Consob, but it added that it would appeal the decision.
MILAN The main investors in Italy's Saipem said on Thursday they would ask shareholders to reappoint Stefano Cao as chief executive of the oil service company. CDP Equity, owned by state lender Cassa Depositi e Prestiti (CDP), and oil major Eni included Cao's name in a slate of directors they will propose at a Saipem shareholder meeting in May.
MILAN Italian oil services company Saipem expects its revenues to fall this year as energy majors keep a tight grip on purse strings and pressure oil contractors' order books.
* Expects sales of 8 bln euros this year vs 7 bln in 2017 (Recasts lead, adds CEO comments, analyst, shares)