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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

3.88EUR
23 May 2018
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Tue, Apr 24 2018

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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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