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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

3.28EUR
11:35am EDT
Change (% chg)

€0.03 (+0.92%)
Prev Close
€3.25
Open
€3.25
Day's High
€3.28
Day's Low
€3.23
Volume
4,759,706
Avg. Vol
7,766,565
52-wk High
€5.80
52-wk Low
€3.15

Latest Key Developments (Source: Significant Developments)

Saipem awarded offshore contract changes worth $900 million
Thursday, 27 Jul 2017 12:11pm EDT 

July 27 (Reuters) - Saipem says::was awarded offshore contract changes worth $900 million.the contract variations relate to the 'optimised ramp-up' phase of the Zohr field offshore Egypt.  Full Article

Saipem CEO expects role in Novatek LNG facility in Arctic
Tuesday, 25 Jul 2017 04:15am EDT 

July 25 (Reuters) - Saipem CEO Stefano Cao says::Believes will have involvement in assembly of platforms at Novatek's LNG facility in the Arctic.  Full Article

Saipem CEO says expects to win orders of around $4 bln in near future
Tuesday, 25 Jul 2017 02:52am EDT 

July 25 (Reuters) - Saipem CEO Stefano Cao says::expects to win orders of around $4 billion in near future.company has raised job cuts concentrated in Italy and France from 800 to 1,150.  Full Article

Saipem wins new contracts, adds orders for total value of $500 mln
Monday, 3 Jul 2017 02:57am EDT 

July 3 (Reuters) - Saipem says::has been awarded a new E&C Offshore contract by Saudi Aramco for EPCI (Engineering, Procurement, Construction, Installation) and other work in Saudi Arabia under a long-term agreement.also negotiated the extension in Angola of the deployment of vessel FPSO Gimboa, including management, maintenance and other services, for 3 years plus one optional year.has changed orders for projects in West Africa and the Caspian Sea .new acquisitions relevant to the second quarter amount to a total of $500 million .  Full Article

Saipem signs with Eni off-shore drilling contracts worth $230 million
Thursday, 1 Jun 2017 12:15pm EDT 

June 1 (Reuters) - Italian oil contractor Saipem says::has signed with Eni contracts for off-shore drilling in Mozambique, Mediterranean Sea and Black Sea for total value of $230 million.Mozambique project will start mid-2019 and will last 15 months.off-shore in Mediterranean Sea will include activities in Portugal, postpones from last year, and in Cyprus, starting in the fourth quarter of this year .  Full Article

Saipem could consider "portfolio action" for onshore drilling unit - CEO
Friday, 21 Apr 2017 04:32am EDT 

April 21 (Reuters) - Saipem CEO Stefano Cao says::could consider some portfolio action in onshore drilling business such as joining forces with others.  Full Article

Shares in Saipem volatile after results
Friday, 21 Apr 2017 02:51am EDT 

April 21 (Reuters) - Saipem::Shares in the Italian oil services group fall more than 1.5 percent after results but then pare the losses.Stock is up 0.2 percent by 0705 GMT.the group confirmed its guidance for the year on Friday after its operating profits in the first quarter fell 21 percent.nI6N1H802D.  Full Article

Italy state lender CDP's stake in Saipem is not for sale
Friday, 31 Mar 2017 09:59am EDT 

State lender Cassa Depositi e Prestiti Chairman Claudio Costamagna says: To book impairment on stake in oil service group Saipem . Impact will be offset by revaluation of other holdings . Stake is not for sale Further company coverage: [SPMI.MI] (Reporting by Milan newsroom).  Full Article

Eni CEO says will likely exit from Saipem, now not the right moment
Wednesday, 15 Mar 2017 07:33am EDT 

Eni Chief Executive Claudio Descalzi tells investors' presentation in Milan: The group will likely exit from oil contractor Saipem but now is not the moment . At the moment there is absolutely no idea of selling chemical unit Versalis Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Saipem CFO says no asset sales being studied
Thursday, 23 Feb 2017 01:18pm EST 

Saipem CFO Giulio Bozzini says: no asset sales being studied at moment . sees no recovery yet in oil companies' investments . asking for 600-700 million euros in compensation in arbitration with Gazprom over South Stream project cancellation Further company coverage: [SPMI.MI] (Reporting by Milan newsroom).  Full Article

Italy - Factors to watch on Aug. 7

The following factors could affect Italian markets on Monday.