52 Week Range
As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay
3M AVG Volume
52 Week High
52 Week Low
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Saipem CEO expects 2021 capex above this year's target
Saipem CEO sees higher activity levels in Q4
Saipem Q3 Net Loss At EUR 131 Million
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
Via Martiri di Cefalonia, 67
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer
General Counsel, Company Affairs and Governance
Director Human Resources, Organisation and Services.
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Italian energy services group Saipem <SPMI.MI> said on Wednesday it had signed a framework agreement with Saudi Aramco covering onshore engineering and construction activities.
Italy's Saipem has signed an agreement to build a 450 megawatt (MW) offshore wind farm in the Adriatic Sea in northern Italy, the energy services group said on Tuesday.
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.
Italian energy services group Saipem painted a gloomy outlook for the year after reporting a net loss of 616 million euros ($723 million) in the second quarter following writedowns.
* AWARDED A CONTRACT FOR THE BÚZIOS PRE-SALT FIELD IN BRAZIL WORTH APPROXIMATELY 325 MILLION USD
Italian energy services contractor Saipem said on Wednesday it had been picked by Perdaman Industries to help build a urea plant in Australia.
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.
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.
Italy's Saipem Chief Executive Stefano Cao says:
Italy's Saipem Chief Executive Stefano Cao says:
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.
* Q1 FINANCIAL RESULTS WITH €2.2 BILLION REVENUES AND 11% ADJUSTED EBITDA MARGIN
Italian oil and gas contractor Saipem said on Wednesday it had pulled its outlook for the year due to growing uncertainty created by the COVID-19 emergency.
* BOARD OF DIRECTORS RESOLVED TO WITHDRAW 2020 GUIDANCE Source text for Eikon: Further company coverage:
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 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.
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.
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.
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.
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.
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