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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

3.52EUR
23 Feb 2018
Change (% chg)

€0.09 (+2.53%)
Prev Close
€3.43
Open
€3.46
Day's High
€3.57
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€3.45
Volume
14,128,096
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11,676,625
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€4.66
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€2.94

Latest Key Developments (Source: Significant Developments)

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

Kvaerner wins two contracts for disposal of platforms
Monday, 5 Feb 2018 06:33am EST 

Feb 5 (Reuters) - Kvaerner Asa ::KVAERNER AWARDED TWO CONTRACTS FOR DISPOSAL OF PLATFORMS.KVAERNER HAS ENTERED INTO AN AGREEMENT WITH ALLSEAS FOR THE RECYCLING OF THE TOPSIDE AND BRIDGE OF THE 36-YEAR-OLD VALHALL QP PLATFORM WHEN ALLSEAS REMOVES THIS INSTALLATION FOR OPERATOR AKER BP IN 2019.KVAERNER HAS ALSO SIGNED A CONTRACT WITH SAIPEM UK FOR DISPOSAL OF THE VARG A INSTALLATION.THE STRUCTURES WILL BE DECONSTRUCTED DURING WINTER 2019 AND SPRING 2020.  Full Article

Saipem not considering any breakup - CEO
Tuesday, 24 Oct 2017 02:47am EDT 

Oct 24 (Reuters) - Saipem CEO Stefano Cao says in a conference call::not considering any breakup of group.at moment "not discussing issue of dividend".expects decision on arbitration with Gazprom over the South Stream project by end 2018, but is open to compromise in the meantime.  Full Article

Eiffage in talks over buying Saipem's maritime works business
Wednesday, 30 Aug 2017 11:03am EDT 

Aug 30 (Reuters) - Eiffage :Says in talks over buying maritime works business off Saipem.Says Saipem's maritimes works business had 2016 sales of around 100 million euros.  Full Article

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

Cyprus says to pursue gas exploration amid standoff with Turkey

ATHENS, Feb 21 Cyprus said on Wednesday it would press ahead with oil and gas exploration, signalling resolve in a standoff with Turkey over access to potential energy riches after Ankara extended military exercises in the eastern Mediterranean to early March.