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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

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Wed, Jul 25 2018

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.

UPDATE 1-Saipem scouting around as Subsea 7 bid makes waves

MILAN, April 24 Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector.

Saipem main investors to ask shareholders to reappoint Stefano Cao CEO

MILAN The main investors in Italy's Saipem said on Thursday they would ask shareholders to reappoint Stefano Cao as chief executive of the oil service company.

UPDATE 2-Saipem sees tough year ahead as oil majors keep purse strings tight

* Expects sales of 8 bln euros this year vs 7 bln in 2017 (Recasts lead, adds CEO comments, analyst, shares)

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