Search results for: saipem

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A list of search results

  • 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 […]

  • 4 November 2011
    Business & Finance

    Saipem announces that the merger agreement incorporating Saipem Energy Services into Saipem S.p.A. has been filed at the relevant business register. Saipem Energy Services offers engineering and project management services in addition to FPSO (Floating, Production Storage and Offloading) business management services.  The merger’s purpose is to rationalise the holding structure of Saipem’s Italian Group […]

  • 23 March 2017
    Business & Finance, Equipment, Operations & Maintenance

    Saipem and Siemens have signed a joint development agreement aimed at qualifying and promoting an open standard subsea control systems for Saipem’s Subsea Bus architecture based on Siemens Subsea DigiGrid. Siemens will through its Subsea entity support Saipem in realizing the Saipem Subsea Bus architecture, by adapting and further developing the Siemens Subsea DigiGrid digitalization, […]

  • 28 October 2015
    Business & Finance

    Italian oil company Eni will sell a stake in its compatriot oilfield services provider Saipem. According to a statement by Eni, Saipem’s largest shareholder, the company will divest a 12.5% plus one share to Fondo Strategico Italiano (FSI). Bloomberg has reported that the stake was worth 440.9 million euros ($486.5 million) at Tuesday’s closing price. […]

  • 27 April 2015
    Business & Finance, Equipment, Operations & Maintenance

    Italian contractor Saipem has seen profit rise despite tough market conditions. The company posted earnings for the first quarter of 2015 (ended March 31, 2015) of €77 million, versus €61 million in the first quarter of 2014. Revenues in the fourth quarter were up, amounting to €3 billion, an increase of 4.5% on the first […]

  • 6 August 2019
    Business & Finance, Equipment, Operations & Maintenance

    Saipem said it will establish a spool-base on Greenwood Island, Pascagoula, Mississippi. According to the company, the spool-base will be a highly specialized site designed to provide support for vessels performing pipelay activities for offshore oil and gas development projects. With a particular focus on the Gulf of Mexico, the new spool-base will support the […]

  • 6 March 2018
    Business & Finance

    Italian oilfield services contractor Saipem saw an increase in its quarterly loss despite higher revenues.

  • 23 March 2017
    Equipment

    Italian oil and gas contractor Saipem and Germany’s Siemens have signed a joint development agreement for qualifying and promoting subsea control systems for Saipem’s Subsea Bus architecture based on Siemens Subsea DigiGrid. Siemens will, through its subsea entity, support the company in realizing the Saipem Subsea Bus architecture, by adapting and further developing the Siemens […]

  • 31 October 2019
    Operations & Maintenance, Technology

    Saipem and Wello have undertaken to work together for the successful execution of their first joint project. This will be in the framework of the memorandum of understanding signed last September regarding the deployment of WEC Penguin technology for the production of energy from marine waves. The project involves the deployment of WEC Penguin technology […]