Last €12.33 EUR
Change Today -0.409 / -3.21%
Volume 772.0
SPE On Other Exchanges
As of 11:25 AM 11/27/14 All times are local (Market data is delayed by at least 15 minutes).

saipem spa (SPE) Snapshot

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06/20/14 - €21.00
52 Week Low
11/5/14 - €11.66
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saipem spa (SPE) Details

Saipem S.p.A. operates as a turnkey contractor in the oil and gas industry worldwide. It offers engineering, procurement, project management, and construction services for offshore and onshore projects. The company is engaged in the construction of trunk lines, export pipelines, and infield flow lines, as well as pipe-in-pipe, bundles, tie-in, and riser systems for the transportation of oil, gas, and multi-phase products. It also develops subsea deepwater fields; provides subsea construction services, such as subsea field development, and remotely operated vehicles and remote intervention systems operations, as well as subsea inspection, maintenance, and repair; and installs offshore structures, including modular deck drilling and production platforms, well-head, and accommodation platforms. In addition, the company is involved in constructing marine terminals, conventional buoy moorings, jetties, and piers. Further, it provides integrated solutions for large upstream facilities, including oil and gas production, treatment and processing plants, pipeline systems, pumping and compressor stations, and marine terminals; and designs and constructs natural gas liquefaction and regasification facilities, onshore transportation systems, oil refineries, petrochemicals and gas monetization plants, power plants, harbors, and jetties, as well as offers integrated environmental and remediation technologies and services. Additionally, the company operates as a drilling contractor; and owns and operates a fleet of vessels, including construction, drilling, and floating production storage and offloading vessels, as well as yards. The company is headquartered in Milan, Italy.

52,157 Employees
Last Reported Date: 04/15/14

saipem spa (SPE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: €683.0K
Compensation as of Fiscal Year 2013.

saipem spa (SPE) Key Developments

Samsung May Seek Saipem Acquisition

Samsung C&T Corporation (KOSE:A000830) may be interested Saipem (BIT:SPM) after its controlling group Eni SpA (BIT:ENI) no longer considers it strategic, Italian business daily MF-Milano Finanza reported, quoting market talk. Fondo Strategico Italiano S.p.A. as well as Gulf sovereign wealth funds, are said to also be interested in Saipem.

Saipem SpA Presents at UBS European Conference 2014, Nov-11-2014

Saipem SpA Presents at UBS European Conference 2014, Nov-11-2014 . Venue: London, United Kingdom. Speakers: Alberto Maria Chiarini, Chief Financial Officer and Compliance Officer.

Eni Starts With Sale Process Of Saipem

Eni SpA (BIT:ENI) is working with bankers of Credit Suisse Group AG (SWX:CSGN) to explore options for the sale of its stake in Saipem SpA (BIT:SPM), reported Reuters citing sources close to the matter. Claudio Descalzi, Chief Executive Officer of Eni, told a parliamentary hearing the sale process had started and an advisor had been appointed without naming the advisor. One of the sources said, "It’s true, the bank is working on Saipem though it does not have a clear firm mandate yet." A second source close to the matter said, "There have been manifestations of interest but there’s nothing concrete. Credit Suisse is still sounding out the market and studying the structure of the deal." The second source added that the operation was for 2015. Descalzi said that the group was not currently talking to anyone about the sale of its stake. A third source close to the matter said a Chinese oil company had in the past made overtures to buy the whole of Saipem but had been rebuffed. The source said, "There was a letter sent to Eni but I don't think it got very far." Credit Suisse and Eni declined to comment to Reuters.


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