Search results for: Stefano Cao

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  • 1 May 2015
    Business & Finance, Operations & Maintenance

    The Board of Directors of Italian contractor Saipem has appointed Stefano Cao as the company’s new Chief Executive Officer. Stefano Cao will replace Saipem’s previous CEO Umberto Vergine, who was appointed back in December 2012. The appointment comes expected, after Italy’s oil & gas major Eni, which owns 43% of Saipem, nominated Cao for this […]

  • 3 April 2015
    Business & Finance

    Eni has nominated Stefano Cao to head Saipem as its Chief Executive Officer.  Eni holds 189,423,307 ordinary shares of Saipem, representing 42.924 % of all ordinary shares. According to Eni, Stefano Cao is the candidate who possesses the specific professional skills for the appointment as CEO of the company. Following Saipem’s Ordinary Shareholders’ Meeting, which […]

  • 3 April 2015
    Business & Finance, Operations & Maintenance

    Eni has proposed Stefano Cao as the next chief executive officer of Italian oil service company Saipem, to replace Umberto Vergine at a shareholder meeting in April. Furthermore, Eni, which holds 43 percent stake in Saipem, approved the proposal of the following candidates for appointment to Saipem’s Board of Directors: Paolo Andrea Colombo, Maria Elena […]

  • 2 October 2018
    Business & Finance

    Italian oilfield services player Saipem has informed that, with effect from November 15, 2018, Stefano Cavacini will assume the role of chief financial officer of the company. According to Saipem, Cavacini will be responsibe for for the company’s administration, finance and control. Stefano Cavacini, 47, has experience in the role of CFO in multinational groups […]

  • 1 May 2015
    Business & Finance

    Italy’s Saipem has appointed Stefano Cao as its Chief Executive Officer. In April 2015, Eni nominated Cao to head Saipem as its CEO saying that Cao has “the specific professional skills for the appointment as CEO of the company”. Eni holds 189,423,307 ordinary shares of Saipem, representing 42.924 % of all ordinary shares. Saipem also […]

  • 19 January 2012

    Petrofac, the international oil & gas service provider, announced two new appointments to its Board of Directors with immediate effect. René Médori (54) joins the Board as a non-executive director. Médori is finance director of Anglo American PLC, a role he has held since September 2005 after joining the company in a senior executive role […]

  • 2 October 2018
    Business & Finance

    Italian oilfield services contractor Saipem has named a new chief financial officer.

  • 24 October 2017
    Business & Finance, Operations & Maintenance

    Italian oilfield services player Saipem has reported profit of €53 million, on revenues of €2.28 billion, versus loss of close to €2 billion in the third quarter of 2016 on major asset write-downs and revenues of €2.61 billion. For the first nine months ended September 30, 2017, Saipem booked loss of €57 against loss of €1.92 billion […]

  • 25 July 2019
    Business & Finance, Operations & Maintenance

    Italian oilfield services player Saipem has reported first-half 2019 profit of €14 million on revenues of €4.5 billion. This result compares to net loss of €323 million on revenues of €3.8 billion for prior-year comparable period. Adjusted result was net profit of €60 million, against €6 million in 1H 2018. Saipem reported first-half 2019 EBITDA […]

  • 22 March 2018
    Business & Finance, Operations & Maintenance

    Saipem said it has entered into an agreement to acquire the ultra deepwater rigid and flexible pipelay, 3000-ton heavy lift and construction vessel – Lewek Constellation. Completed in 2013, Constellation is readily available to be promoted for commercial opportunities. The Constellation will be marketed in all geographic areas including the Gulf of Mexico and the […]

  • 9 November 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Saipem has been awarded new contracts and change orders in the E&C offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering, procurement, installation, construction), under the long-term agreement in force and renewed in 2015 until […]

  • 10 June 2016
    Business & Finance, Equipment, Project & Tenders, Research & Development

    Saipem has signed an agreement to lead the industrialization and commercialization of SPRINGS, a subsea water treatment technology designed for deep water application, developed in collaboration with oil & gas company Total and water treatment specialist company Veolia. SPRINGS (Subsea PRocess and INjection Gear for Seawater) is a nanofiltration-based sulphate removal unit designed for subsea […]

  • 25 July 2017
    Business & Finance, Operations & Maintenance

    Italian oilfield services player has reported net loss of €110 million for the first six months ended June 30, 2017, against profit of €53 million in the first half of 2016. Adjusted net profit was €92 million, versus €140 million in 1H 2016. For the second quarter 2017 net loss was €157 million, compared to […]

  • 21 April 2017
    Business & Finance, Operations & Maintenance

    Italian oilfield services player has reported net profit of €47 million for the three months ended March 31, 2017, against €61 million in the same quarter last year. Adjusted net profit was €54 million, versus €61 million in Q1 2016. Revenues for the Q1 2017 were down, amounting to €2.26 billion, compared to €2.84 billion […]

  • 10 May 2017
    Business & Finance, Operations & Maintenance, Project & Tenders

    Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil. The Liza field, located approximately 120 miles offshore Guyana at a water depth of 1,800 metres, is a subsea development with a recoverable resource estimate of […]

  • 3 July 2017
    Operations & Maintenance, Project & Tenders

    Saipem has been awarded a new E&C offshore contract by Saudi Aramco for engineering, procurement, construction and installation (EPCI) activities and trunklines & installation ( T&I) works in Saudi Arabia, under the long-term agreement in force, renewed in 2015 until 2021. The scope of work includes the design, engineering, procurement, construction and installation of a […]

  • 10 May 2017
    Business & Finance

    Italian company Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil. Located approximately 120 miles offshore Guyana at a water depth of 1,800 meters, the Liza field is a subsea development with a recoverable resource […]

  • 22 March 2018
    Business & Finance

    Saipem has entered into an agreement to acquire the ultra-deepwater pipelay and construction vessel Lewek Constellation.

  • 9 November 2016
    Business & Finance

    Italian oilfield services provider Saipem has scooped new offshore contracts in Saudi Arabia worth around $1 billion in total. The offshore engineering and construction company has received a notification of award from Saudi Aramco for the two engineering, procurement, installation, and construction (EPIC) contracts for work offshore Saudi Arabia. According to Saipem, the two contracts, […]

  • 18 December 2015
    Business & Finance

    Aker Solutions, a Norwegian oil services company, and Saipem, an Italian oil and gas contractor, agreed to cooperate on targeted subsea oil and gas development projects worldwide. According to the Norwegian company, the two will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions’ capabilities in subsea […]

  • 18 December 2015
    Business & Finance, Operations & Maintenance

    Aker Solutions and Saipem have agreed to cooperate on targeted subsea oil and gas development projects worldwide. The companies will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions’ capabilities in subsea products and technologies with Saipem’s assets and expertise in engineering, procurement, construction and installation […]

  • 25 July 2018

    Italian oil and gas contractor, Saipem, reported a 323 million euro ($377.6 million) net loss for the first half of the year on the back of write-downs and reorganization expenses that hit 329 million euro.