Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

21 Mar 2018
Change (% chg)

€0.04 (+1.33%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Saipem not considering any breakup - CEO
Tuesday, 24 Oct 2017 

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

Saipem shares fall 5 pct after guidance cut
Thursday, 28 Jul 2016 

Saipem: Shares in the Italian oil contractor fall more than 5 percent after it lowered its guidance . Saipem cut its guidance for the year on Wednesday, saying clients hit by low oil prices were delaying the awarding of contracts.[nL8N1AD7MU] Further company coverage: [SPMI.MI] (Reporting by Milan newsroom).  Full Article

HISTEEL signs 14.07 bln won contract with SAIPEM
Tuesday, 28 Jun 2016 

HISTEEL CO., LTD <071090.KS>: Says it signs AL ZOUR NEW REFINERY PROJECT PACKAGE 4 contract with SAIPEM .Says contract price of 14.07 billion won.  Full Article

S&P's cuts Saipem long-term rating to junk
Friday, 6 May 2016 

Italy's Saipem says: Credit rating agency Standard & Poor's cut the oil service company's long-term rating to 'BB+' from 'BBB-' . Outlook on the new rating is negative . S&P's had said in February it was considering cutting Saipem's rating after parent company Eni sold part of its 43 percent stake to get 6.7 billion euros of Saipem's gross debt off its own balance sheet and sever its ties. Further company coverage: [SPMI.MI] (Reporting by Milan Newsroom).  Full Article

Saipem SpA awarded E&C contracts worth a total of about 430 million euros
Tuesday, 19 Apr 2016 

Saipem SpA:Is awarded E&C contracts worth a total of about 430 million euros.E&C contracts relate to: a contract with Statoil for the Hywind Scotland project; works related to the installation of multi-phase pipelines in the Caspian Sea; and the contract for the offshore section of the Trans Adriatic Pipeline project.  Full Article

Saipem SpA gets contract for the offshore section of the Trans Adriatic Pipeline project
Thursday, 14 Apr 2016 

Saipem SpA:Has been awarded a contract related to the offshore section of the Trans Adriatic Pipeline project (TAP).The EPCI contract (Engineering, Procurement, Construction and Installation) involves the installation of a gas pipeline between the coastlines of Albania and Italy, across the Adriatic Sea.Works will commence in 2016.  Full Article

Saipem SpA signs MoU for Toos Gas Field project in Iran
Tuesday, 12 Apr 2016 

Saipem SpA:Enters into a Memorandum of Understanding (MoU) with Razavi Oil & Gas Development Company concerning potential cooperation on a project in the Iran.The MoU envisages discussions aimed at a potential cooperation on the Toos Gas Field Development Project, located 100 km northeast of Mashhad.  Full Article

MIDEAST - Factors to watch - March 7

DUBAI, March 7 Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.