Edition:
United States

Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

3.98EUR
9:42am EDT
Change (% chg)

€0.06 (+1.56%)
Prev Close
€3.92
Open
€3.96
Day's High
€4.05
Day's Low
€3.94
Volume
16,282,488
Avg. Vol
11,624,476
52-wk High
€4.19
52-wk Low
€2.94

Latest Key Developments (Source: Significant Developments)

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

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

Photo

Factbox: Company deals at risk from U.S. sanctions on Iran

French gas and power group Engie , Polish gas firm PGNiG and German lender DZ Bank were the latest companies on Friday to say that their business dealings with Iran would be affected by the re-imposition of U.S. sanctions.