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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

4.41EUR
17 Aug 2018
Change (% chg)

€-0.15 (-3.33%)
Prev Close
€4.56
Open
€4.54
Day's High
€4.57
Day's Low
€4.39
Volume
6,759,894
Avg. Vol
11,723,014
52-wk High
€4.68
52-wk Low
€2.94

Latest Key Developments (Source: Significant Developments)

Saipem Awarded New Contract In JV On Onshore E&C Sector In Thailand
Thursday, 7 Jun 2018 11:45am EDT 

June 7 (Reuters) - Saipem SpA ::AWARDED NEW CONTRACT IN JV ON ONSHORE E&C SECTOR IN THAILAND FOR AN OVERALL VALUE OF APPROXIMATELY 925 MILLION USD.SAIPEM SAYS ITS SHARE IS AROUND 500 MILLION USD.  Full Article

Saipem wins contract in the Middle East worth around $1.3 bln
Monday, 4 Jun 2018 02:30am EDT 

June 4 (Reuters) - Saipem SpA ::WINS CONTRACT IN THE MIDDLE EAST WORTH AROUND $1.3 BILLION.  Full Article

Bernstein upgrades Italy's Saipem, target price 6.6 euros
Tuesday, 15 May 2018 01:31pm EDT 

May 16 (Reuters) - Saipem::BERNSTEIN UPGRADES SAIPEM TO "OUTPERFORM" WITH "CONVICTION BUY".TARGET PRICE 6.6 EUROS.  Full Article

Saipem buys vessel for $275 mln, 2018 guidance unaffected
Thursday, 22 Mar 2018 03:00am EDT 

March 22 (Reuters) - Saipem Spa ::SAIPEM BUYS CONSTRUCTION VESSEL LEWEK CONSTELLATION FOR $275 MILLION ​.SAIPEM SAYS ‍VESSEL WILL BE ACQUIRED VIA USE OF AVAILABLE LIQUIDITY.SAIPEM SAYS 2018 GUIDANCE FOR REVENUES AND EBITDA ADJUSTED WILL REMAIN UNCHANGED​.  Full Article

Saipem CEO says enthusiasm over Iran investments has cooled
Tuesday, 6 Mar 2018 06:45am EST 

March 6 (Reuters) - Saipem CEO Stefano Cao says::ENTHUSIASM OVER IRAN INVESTMENTS HAS COOLED DOWN.BIDDING FOR WORK WITH TOTAL IN SOUTH PARS FIELD.  Full Article

Saipem does not expect resolution of South Stream arbitration before 2020
Tuesday, 6 Mar 2018 05:38am EST 

March 6 (Reuters) - Saipem CEO Stefano Cao says::DOES NOT EXPECT RESOLUTION OF SOUTH STREAM ARBITRATION (WITH GAZPROM) BEFORE 2020.  Full Article

Saipem mulling something "more structural" for Aker alliance
Tuesday, 6 Mar 2018 03:32am EST 

March 6 (Reuters) - Saipem CEO Stefano Cao says::NEED TO DECIDE WHETHER TO DO SOMETHING "MORE STRUCTURAL" REGARDING ALLIANCE WITH AKER SOLUTIONS, COULD BE JOINT VENTURE.IF M&A OPPORTUNITIES ARISE "WE WILL ASSESS THEM".TAP GAS PIPELINE WORK IS PROCEEDING "WITH GREAT DIFFICULTY".  Full Article

Saipem to re-publish 2016 P&L, balance sheet taking into account regulator's remarks
Monday, 5 Mar 2018 02:06am EST 

March 5 (Reuters) - Saipem says::WILL PUBLISH WITHIN THREE WEEKS PRO-FORMA 2016 P&L AND BALANCE SHEET TO TAKE INTO ACCOUNT COMMENTS BY MARKET REGULATOR CONSOB.  Full Article

Eni denies any wrongdoing in Algeria corruption case - spokesman
Monday, 26 Feb 2018 11:55am EST 

Feb 26 (Reuters) - Eni spokesman in comments to Reuters::REITERATES DENIAL OF ANY WRONGDOING IN ALGERIA CORRUPTION CASE.  Full Article

Saipem And Sonatrach Reach Settlement Agreement
Wednesday, 14 Feb 2018 06:53am EST 

Feb 14 (Reuters) - SAIPEM SPA ::SONATRACH AND SAIPEM ANNOUNCE THE AMICABLE SETTLEMENT OF MUTUAL DIFFERENCES.SETTLEMENT CONCERNS CONTRACTS IN ARZEW, HASSI MESSAOUD, HASSI R’MEL, AND MENZEL LEDJMET FIELD.  Full Article

UPDATE 1-Saipem eyeing engineering acquisitions in shift away from drilling

MILAN, July 25 Italian oil services company Saipem said it is considering acquisitions in engineering and construction as it shifts its business away from drilling activity, which has dragged on earnings.