Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

19 Mar 2018
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Tue, Mar 6 2018

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)

CORRECTED-UPDATE 1-Aramco expects to boost capital spending above $100 bln

DAMMAM, Saudi Arabia, Nov 9 Oil giant Saudi Aramco expects to increase its capital spending budget by almost 10 percent in its next financial year, a top official at the state-owned company said.

UPDATE 2-Saipem counting on more contracts after confirming profit guidance

* Shares up 10 percent (Recasts lead, adds CEO comments, Gazprom arbitrage, shares)

Saipem confirms guidance after swinging to Q3 profit

MILAN, Oct 24 Italian oil services group Saipem confirmed its profit guidance for the year on Tuesday thanks to a good order intake in the third quarter and strong offshore business.

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