Saipem counting the cost of going solo

February 22, 2016

A plunge in oil prices and little sign of recovery anytime soon have left Italian oil contractor Saipem ill-prepared to cope with life independent from former parent Eni even after a 3.5 billion euro ... View more

Eni shake-up threatens Saipem

August 7, 2014

Eni laid out plans to sell assets including a multi-billion dollar stake in oil service firm Saipem and downsize its ailing refinery business to help fund its transformation into a leaner oil and gas ... View more

Saipem sees no more nasty surprises

February 17, 2013

Italian oil service group Saipem does not expect any more nasty surprises to undermine its profitability as it seeks to draw a line under a shock profit warning that wiped billions off its value and l... View more

Iraq awards $472m contract to Saipem

August 21, 2011

Iraq has awarded a 471.7 million contract for an oil export facility expansion and sub-sea pipeline to Italian group Saipem Iraqi oil sources told Reuters. Saipem will build a single point mooring buo... View more

Saipem profit up as orders surge

March 4, 2007

Italian oilfield services group Saipem posted a 40.5 per cent rise in fourth-quarter net profit as orders hit a record in 2006 and forecast 20 per cent growth this year in net profit. Saipem Europe s ... View more

Saipem wins drilling contracts

April 10, 2005

Italy s oilfield equipment maker Saipem controlled by energy group Eni said it had won two offshore drilling contracts worth total some 190 million in Angola and Egypt. A contract in Angola has been a... View more

Saipem to install $350m Dolphin export pipeline

April 4, 2004

Dolphin Energy Limited announced that Milan-based Saipem SPA will install its natural gas export pipeline between Qatar and the UAE at a value in excess of 350 million. Saipem is the successful bidder... View more