Saipem Joins JV for Arctic LNG2 Project
Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in the west of Siberia.The subsidiary of…
Saipem Push with US Drillers Draws a Blank
Italian oil services company Saipem is trying to lure big U.S.
Italy's Saipem Strikes Deal with Turkish Renaissance for Arctic LNG-2
Italian oil and gas industry contractor Saipem and Turkey's Ronesans signed a joint venture (JV) agreement for infrastructure construction for Russian Federation's Arctic LNG-2 project.Saipem said the…
Saipem Wins $700 Mln Worth of Offshore Contracts
Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil…
Saipem, Subsea 7 Discussed Tie Up a Few Years Ago
Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday."Some 3-4 years ago, before I became CEO there were contacts and talks that
Saipem CEO Could Be Reappointed in May
The main shareholders of Italy's Saipem indicated on Thursday they would support the reappointment of Stefano Cao as chief executive of the oil service company. State lender Cassa Depositi e Prestiti (CDP) and oil major Eni…
Saipem Sees Tough Year Ahead
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. Saipem, controlled by oil major Eni and state lender CDP…
Sonatrach, Saipem to End Dispute
Algeria's state energy firm Sonatrach and Italian oil firm Saipem signed an agreement on Wednesday to end their legal disputes, company executives said. "It's a big day for Saipem and for me," Saipem's CEO Stefano Cao told reporters.
Saipem Confirms Profit Guidance
Italian oil services group Saipem swung back to profit in the third quarter despite an industry slowdown, flagging more orders on the way and confirming profit guidance. Its shares were up almost 10 percent…
Saipem Teams Up with Italy Railways in Russia Project Bid
Saipem has teamed up with Italy's state railways to bid for work on a Russian high-speed train project as the Italian oil engineering and contracting firm seeks new business to offset an ongoing slump in the energy industry.
Oil Industry Suppliers See Light at the End of the Tunnel
European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two years, have produced stronger than expected second-quarter earnings and are cautiously pointing to signs of recovery in demand.
Saipem Sticks to Guidance as Q1 Beats Forecasts
Italian oil services group Saipem stuck to its guidance for the year on Wednesday as first-quarter operating profits beat forecasts thanks to growth in its construction business. Saipem, controlled by oil major Eni and state lender fund FSI…
Saipem CEO Sees No Volkswagen Risk over Fleet Standards
The fleet Italian oil contractor Saipem uses to carry out its offshore construction and drilling business has been properly certified and there is no risk of any Volkswagen-like scandal, the CEO said on Tuesday.
Saipem Plans 3.5 bln Euro Rights Issue
Saipem rights issue to be completed in first quarter of 2016. Italian oil contractor Saipem is asking investors to pump in fresh capital equivalent to its current market value to help it to weather the…
Saipem Wins 2 Contracts for Al-Zour Refinery Project
Saipem has received award notification by the Kuwait National Petroleum Corporation (KNPC) for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP), located 90 km south of Kuwait City, for a total amount of approximately $1.3 billion…
Saipem Looks to Bain for Restructuring Plan
Italian oil contractor Saipem is working with Bain & Company to draw up a restructuring plan to help it cut costs and counter falling oil prices that have sapped its order book and stretched its balance sheet, three sources said.
Saipem Appoints Stefano Cao as New CEO
Veteran oilman Stefano Cao has been appointed as new CEO of Italian oil contractor Saipem , the company said on Thursday. Saipem is 43 percent owned by oil major Eni. The appointment, widely expected,…
Saipem Profit Tops Forecasts as Contract Margins Pick Up
Italian oil services group Saipem on Monday reported stronger than expected first-quarter operating profit thanks to healthier profit margins from new orders. Saipem, 43 percent owned by oil major Eni…
Stefano Cao Tapped to be Saipem CEO
Former Eni manager Stefano Cao will be appointed chief executive of Italian oil service company Saipem to replace Umberto Vergine at a shareholder meeting in April, two sources close to the matter said.
