Saipem is facing hurdles to finalise an offshore wind project at Courseulles-sur-Mer in France and a contract awarded by Thai Oil (TOP.BK), opens new tab for the expansion of a refinery in Thailand.

Saipem struck an agreement in principle on the key terms of a potential acquisition of Subsea7, which would result in a combined company called Saipem7. Image by LeManna via iStock Saipem SpA has ...

The Saipem 7000 is already successful in the installation ... This result was achieved despite additional provisions taken on Thai Oil both in Q2 and in Q4 2024. As we have already emphasized ...

Saipem SpA (SAPMF) achieved its highest quarterly ... Additional provisions were required for the Courseulles and Thai Oil projects, impacting financial results. The onshore E&C segment faced ...

Saipem reported $321.08 million in net profit for 2024, up 70.9 percent from 2023 helped by higher volumes and the deployment of new rigs. Saipem SpA on Tuesday reported EUR 306 million ($321.08 ...

Italy’s Saipem and Norway’s Subsea7 have reached an agreement to merge the two companies, to create an industry leader in global energy services. The two contracting giants have reached an agreement ...

The rationale for a merger between Italy's Saipem and Norway's Subsea 7 is to combine the fleets of the two energy services companies to service customers quicker and cut costs, the CEO of the Italian ...

Saipem SpA (SAPMF) reports a significant increase in revenue and EBITDA, alongside strategic moves to enhance future profitability and reduce debt.