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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Saipem confirms 2017 guidance after 26 mln euro Q4 net profit
Thursday, 23 Feb 2017 11:47am EST 

Italian oil services group Saipem says: Adjusted Q4 net profit 26 million euros . Confirms 2017 adjusted EBITDA guidance of about 1 billion euros . Confirms 2017 net profit of more than 200 million euros .Sees net debt at around 1.4 billion euros end-2017.  Full Article

Saipem shares fall 5 pct after guidance cut
Thursday, 28 Jul 2016 02:00am EDT 

Saipem: Shares in the Italian oil contractor fall more than 5 percent after it lowered its guidance . Saipem cut its guidance for the year on Wednesday, saying clients hit by low oil prices were delaying the awarding of contracts.[nL8N1AD7MU] Further company coverage: [SPMI.MI] (Reporting by Milan newsroom).  Full Article

HISTEEL signs 14.07 bln won contract with SAIPEM
Monday, 27 Jun 2016 09:30pm EDT 

HISTEEL CO., LTD <071090.KS>: Says it signs AL ZOUR NEW REFINERY PROJECT PACKAGE 4 contract with SAIPEM .Says contract price of 14.07 billion won.  Full Article

S&P's cuts Saipem long-term rating to junk
Friday, 6 May 2016 02:08pm EDT 

Italy's Saipem says: Credit rating agency Standard & Poor's cut the oil service company's long-term rating to 'BB+' from 'BBB-' . Outlook on the new rating is negative . S&P's had said in February it was considering cutting Saipem's rating after parent company Eni sold part of its 43 percent stake to get 6.7 billion euros of Saipem's gross debt off its own balance sheet and sever its ties. Further company coverage: [SPMI.MI] (Reporting by Milan Newsroom).  Full Article

Saipem SpA awarded E&C contracts worth a total of about 430 million euros
Tuesday, 19 Apr 2016 03:01am EDT 

Saipem SpA:Is awarded E&C contracts worth a total of about 430 million euros.E&C contracts relate to: a contract with Statoil for the Hywind Scotland project; works related to the installation of multi-phase pipelines in the Caspian Sea; and the contract for the offshore section of the Trans Adriatic Pipeline project.  Full Article

Saipem SpA gets contract for the offshore section of the Trans Adriatic Pipeline project
Thursday, 14 Apr 2016 06:42am EDT 

Saipem SpA:Has been awarded a contract related to the offshore section of the Trans Adriatic Pipeline project (TAP).The EPCI contract (Engineering, Procurement, Construction and Installation) involves the installation of a gas pipeline between the coastlines of Albania and Italy, across the Adriatic Sea.Works will commence in 2016.  Full Article

Saipem SpA signs MoU for Toos Gas Field project in Iran
Tuesday, 12 Apr 2016 11:41am EDT 

Saipem SpA:Enters into a Memorandum of Understanding (MoU) with Razavi Oil & Gas Development Company concerning potential cooperation on a project in the Iran.The MoU envisages discussions aimed at a potential cooperation on the Toos Gas Field Development Project, located 100 km northeast of Mashhad.  Full Article

Saipem SpA: ending of the offer to the market of the unexercised rights
Tuesday, 16 Feb 2016 07:09am EST 

Saipem SpA:53,599,174 rights not exercised during offering period for the subscription of 1,179,181,828 newly issued Saipem ordinary shares have been sold for a total amount of 9,276 euros.  Full Article

More From Around the Web

BRIEF-Italy's Saipem signs cooperation agreement with NTT Data

* Signs cooperation agreement with NTT Data to prototype and implement new solutions in Saipen yards and on Saipem vessels Further company coverage: (Reporting by Milan newsroom)