Saipem SpA


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As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay


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Next Event

Q3 2020 Saipem SpA Earnings Release

Latest Developments


Saipem saw worst impact from crisis in Q2, H2 to see some recovery - CEO

Saipem H1 Adj. EBITDA EUR 355 Mln

Saipem Wins Offshore Wind Contracts In England, Scotland And France


About Saipem SpA

Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of offshore and onshore projects. In addition, the Company also offers technologies for the gas monetization and heavy oil exploitation. It is organized into five business units: Onshore Engineering & Construction, Offshore Engineering & Construction, Onshore Drilling, Offshore Drilling, and XSIGHT. The Engineering & Construction business unit operates both onshore and offshore. The offshore activities include platforms, marine terminals, pipelines and the development of deepwater fields. The onshore activities focus on the laying of pipelines and installation of plant, equipment and the floaters. The Drilling business unit carries out drilling programs in the onshore and offshore environments globally.


Oil Well Services & Equipment

Contact Info

Via Martiri di Cefalonia, 67




Executive Leadership

Francesco Caio

Non-Executive Chairman of the Board

Stefano Cao

Chief Executive Officer, Executive Director

Stefano Cavacini

Chief Financial Officer

Mario Colombo

General Counsel, Company Affairs and Governance

Dario Gallinari

Director Human Resources, Organisation and Services.

Key Stats

2.43 mean rating - 21 analysts
Revenue (MM, EUR)
















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Latest News

Latest News

Saipem sees uncertain outlook after second quarter loss on writedowns

Italian energy services group Saipem <SPMI.MI> painted a gloomy outlook for the year after reporting a net loss of 616 million euros (557.9 million pounds) in the second quarter following writedowns.

UPDATE 1-Saipem paints uncertain outlook after Q2 loss on writedowns

Italian energy services group Saipem struck a sombre note for the year after missing forecasts in the second quarter as writedowns pushed it to a net loss of 616 million euros.

Italy's Saipem picked for work on urea plant in Australia

Italian energy services contractor Saipem said on Wednesday it had been picked by Perdaman Industries to help build a urea plant in Australia.

Poland agrees $306 mln Baltic Pipe deal with Italy's Saipem

Polish gas grid operator Gaz-System said on Monday it signed a 280 million euro ($306 million) contract with Italian oil services group Saipem to build a section of the Baltic Pipe between Denmark and Poland.

No guidance from Saipem due to coronavirus, oil price slump

The coronavirus pandemic and falling oil prices mean Saipem <SPMI.MI> is unable to give financial guidance for this year, the Italian oil services group said on Thursday as it swung to a first-quarter loss.

Saipem unable to give guidance after coronavirus, oil collapse

Italian oil services group Saipem said on Thursday it could not offer new guidance for the year because of the highly unstable environment created by the COVID-19 pandemic and falling oil prices.

Italy's Saipem pulls outlook on coronavirus uncertainty

Italian oil and gas contractor Saipem <SPMI.MI> said on Wednesday it had pulled its outlook for the year due to growing uncertainty created by the COVID-19 emergency.

Italy's Saipem inks deal with Equinor on floating solar farm technology

Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.

Norwegian wealth fund says Italy's Eni and Saipem have reduced corruption risk

Norwegian wealth fund Norges Bank Investment Management has removed Italian energy groups Eni and Saipem from observation after finding that both have made progress in tackling corruption risks.

UPDATE 1-Saipem reinstates dividend as forecasts higher sales

Italian oil services group Saipem said on Wednesday it expected higher sales this year after it beat its 2019 targets and announced a dividend for the first time in seven years.

Saipem raises outlook after beating targets, return to dividend

Italian oil services group Saipem said on Wednesday it expected higher sales this year after it beat its 2019 targets and introduced a dividend for the first time in seven years.

UPDATE 1-Italian appeals court acquits Saipem, Eni in Algerian graft case

An Italian appeals court has acquitted oil services group Saipem and oil major Eni of corruption and lifted an asset seizure order in a long-running trial over bribery allegations in Algeria.

UPDATE 1-Saipem wins $100 mln Equatorial Guinea pipeline contract

Italy's Saipem has been awarded a contract in Equatorial Guinea worth $90-$100 million to build a 70 km subsea pipeline linking the Alen platform with the Punta Europa petrochemical hub, the oil ministry said on Thursday.

Equatorial Guinea awards $100 mln pipeline contract to Saipem

Equatorial Guinea has awarded a $90-$100 million contract to build a 70 km subsea pipeline linking the Noble Energy operated Alen Unit to the country's Punta Europa petrochemical hub to Italian firm Saipem , the oil ministry said on Thursday.

Saipem chasing drilling partner to focus on offshore construction

Italian oil service group Saipem <SPMI.MI> is pressing ahead with plans to find a partner for its drilling unit to focus on its core business of building offshore installations and pipelines, the company's chief said on Thursday.

Saipem draws up short list of partners for drilling business

Italian oil services group Saipem <SPMI.MI> has drawn up a short list of potential partners for its drilling business as it casts around for joint venture deals to help revive growth.

Saipem CEO says Saudi contracts part of natural gas shift

Two contracts signed in Saudi Arabia for $3.5 billion (£2.8 billion) by Italy's oil contractor Saipem <SPMI.MI> are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.

Italy's Saipem steps up drilling partner search with manager change - source

Italian oil contractor Saipem is stepping up efforts to find a partner for its drilling business by moving a top manager to head the business, a source with knowledge of the matter said on Tuesday.

UPDATE 2-Italy's Saipem looking for partners in drilling business -CEO

Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's chief executive said on Thursday.

Saipem joint venture push with U.S. drillers draws a blank: sources

Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.