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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

4.56EUR
16 Aug 2018
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Wed, Jul 25 2018

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Saipem eyeing engineering acquisitions in shift away from drilling

MILAN Italian oil services company Saipem said it is considering acquisitions in engineering and construction as it shifts its business away from drilling activity, which has dragged on earnings.

UPDATE 1-Saipem eyeing engineering acquisitions in shift away from drilling

MILAN, July 25 Italian oil services company Saipem said it is considering acquisitions in engineering and construction as it shifts its business away from drilling activity, which has dragged on earnings.

Saipem-led JV wins contract for LNG project in Nigeria

MILAN, July 13 A joint venture including Italian oil services group Saipem, Japan's Chiyoda Corp and Korea's Daewoo E&C has been awarded a new contract related to an LNG project in Nigeria, Chiyoda said in a statement on Friday.

Saipem scouting around as Subsea 7 bid makes waves

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.

UPDATE 1-Saipem scouting around as Subsea 7 bid makes waves

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.

Saipem republishes accounts to meet watchdog ruling but says will appeal

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.

Saipem main investors to ask shareholders to reappoint Stefano Cao CEO

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.

Saipem sees tough year ahead as oil majors keep purse strings tight

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.

UPDATE 2-Saipem sees tough year ahead as oil majors keep purse strings tight

* Expects sales of 8 bln euros this year vs 7 bln in 2017 (Recasts lead, adds CEO comments, analyst, shares)

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