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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Saipem Gets Two New Contracts In Saudi Arabia Worth Over USD 3.5 Bln
Tuesday, 9 Jul 2019 10:29am EDT 

July 9 (Reuters) - SAIPEM SPA ::AWARDED TWO NEW CONTRACTS IN SAUDI ARABIA, WORTH OVER USD 3.5 BILLION.TWO PROJECTS AWARDED BY SAUDI ARABIAN OIL COMPANY INVOLVE DEVELOPMENT OF LAND FACILITIES OF BERRI AND MARJAN GAS FIELDS IN ARABIAN GULF.  Full Article

Saipem: Wins $6 bln EPC Contract For Anadarko Mozambique LNG Project
Wednesday, 5 Jun 2019 05:23am EDT 

June 5 (Reuters) - Saipem SpA ::NEW EPC CONTRACT FOR ANADARKO MOZAMBIQUE LNG PROJECT.NEW EPC CONTRACT FOR ANADARKO MOZAMBIQUE LNG PROJECT WITH SAIPEM SHARE OF ABOUT 6 BILLION USD.SAIPEM WILL OPERATE AS LEADER OF CCS JV.  Full Article

Saipem: Proceedings In Brazil For Alleged Irregularities In 2011 Order By Petrobras
Thursday, 30 May 2019 12:15pm EDT 

May 30 (Reuters) - Saipem SpA ::NOTIFICATION OF ADMINISTRATIVE PROCEEDINGS IN BRAZIL.HAS BEEN NOTIFIED ABOUT START OF PROCEEDINGS FOR ALLEGED IRREGULARITIES IN AWARD BY PETROBRAS.AWARD WAS IN DEC 2011 FOR INSTALLATION OF GAS PIPELINE BETWEEN LULA AND CERNAMBI FIELDS IN SANTOS BASIN.SAYS UNITS IN PROCEEDINGS WILL COOPERATE BY PROVIDING ALL CLARIFICATIONS REQUESTED.SAYS UNITS HAVE CONFIDENCE IN CORRECTNESS OF AWARD OF CONTRACT.  Full Article

Saipem SpA Says Stefano Cavacini Appointed Manager Responsible For Financial Reporting
Thursday, 16 May 2019 11:42am EDT 

May 16 (Reuters) - Saipem SpA ::SAYS STEFANO CAVACINI APPOINTED MANAGER RESPONSIBLE FOR PREPARING COMPANY'S FINANCIAL REPORTING.  Full Article

Saipem focusing on tie-ups with other players for drilling business
Thursday, 18 Apr 2019 04:12am EDT 

April 18 (Reuters) - Saipem CEO Stefano Cao tells analysts at first quarter results conference call::NOT CONSIDERING ANY TRADE SALE FOR DRILLING BUSINESSES.FOCUSING ON OTHER OPTIONS FOR DRILLING SUCH AS COMBINATIONS, ADDING SHAREHOLDERS.IPO OF DRILLING BUSINESS UNLIKELY NOW, BUT COULD BE CONSIDERED AFTER COMBINATION WITH OTHER OPERATORS.  Full Article

Saipem SpA Q1 Adjusted EBITDA EUR 274 Million
Thursday, 18 Apr 2019 01:00am EDT 

April 18 (Reuters) - Saipem SpA ::Q1 ADJUSTED EBITDA EUR 274 MILLION.Q1 NET PROFIT EUR 21 MILLION.Q1 REVENUES EUR 2.16 BILLION.FORECAST REVENUES FOR 2019 OF AROUND EUR 9 BILLION, WITH ADJUSTED EBITDA MARGIN IN EXCESS OF 10%.SEES 2019 CAPITAL EXPENDITURE AT C. EUR 500 MILLION , WHILE NET DEBT PRE-IFRS 16 IS EXPECTED TO BE AROUND EUR 1 BILLION AT END OF 2019.SAYS GUIDANCE 2019 IS CONFIRMED.SOUTH STREAM SETTLEMENT - EXPECTS TO COMPLETE NEGOTIATIONS FOR AMICABLE SETTLEMENT OF ARBITRATION IN VERY SHORT TIME.SOUTH STREAM SETTLEMENT - RESULTS AT DEC. 31, 2018 TOOK INTO ACCOUNT EFFECTS OF ENVISAGED AMICABLE SETTLEMENT AS CURRENTLY UNDER DISCUSSION BETWEEN PARTIES.  Full Article

Saipem Wins Contracts In Norway And Middle East For Total Of USD 200 Mln
Friday, 5 Apr 2019 01:59am EDT 

April 5 (Reuters) - Saipem SpA ::AWARDED NEW OFFSHORE DRILLING CONTRACTS.CONTRACTS IN OFFSHORE DRILLING IN NORWAY AND MIDDLE EAST TOTALLING OVER 200 MILLION USD.RIG IN NORWAY IS EXPECTED TO BE UNDER OPERATION UNTIL APPROXIMATELY Q2 OF 2020.WORK IN MIDDLE EAST COMMENCED AT END OF Q1 OF 2019.‍CONTRACT IN MIDDLE EAST INVOLVES A FOUR-YEAR EXTENSION OF USE OF HIGH SPECS JACK UP PERRO NEGRO 7​.  Full Article

Saipem Wins Onshore Drilling Contracts And Extensions For About USD 220 Mln
Wednesday, 13 Mar 2019 12:40pm EDT 

March 13 (Reuters) - Saipem SpA ::NEW AWARDS OF ONSHORE DRILLING CONTRACTS.HAS BEEN AWARDED CONTRACTS AND EXTENSIONS IN ONSHORE DRILLING WORTH ABOUT 220 MILLION USD IN TOTAL.NEW CONTRACTS INVOLVE PROJECTS TO BE CARRIED OUT IN BOLIVIA AND SAUDI ARABIA.EXTENSIONS OF CONTRACTS ALREADY UNDERWAY CONCERN SAUDI ARABIA, PERU, MOROCCO AND ROMANIA.  Full Article

Saipem "Confident" Correctness Of Its Activities Will Be Confirmed In Profit Warning Case
Friday, 1 Mar 2019 05:42am EST 

March 1 (Reuters) - Saipem SpA ::JUDGE FOR PRELIM HEARING ORDERS COMMITTAL FOR TRIAL ON CHARGE OF ADMINISTRATIVE OFFENCE.ALL INDIVIDUALS IN TRIAL IN PRELIMINARY HEARING HAVE LONG AGO LEFT THE COMPANY.IS CONFIDENT THAT CORRECTNESS OF ITS ACTIVITIES WILL BE CONFIRMED.  Full Article

Saipem won order in Q1 from BP at its Tortue field - CEO
Thursday, 28 Feb 2019 03:54am EST 

Feb 28 (Reuters) - Saipem SpA ::CEO SAYS WON ORDER FROM BP IN Q1 AT BP'S TORTUE FIELD IN MAURITANIA AND SENEGAL.  Full Article

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Saipem draws up short list of partners for drilling business

MILAN Italian oil services group Saipem has drawn up a short list of potential partners for its drilling business as it casts around for joint venture deals to help revive growth.