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Volume 290.0
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saipem spa (SPE) Snapshot

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52 Week High
06/20/14 - €21.00
52 Week Low
01/21/15 - €7.14
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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

BioNitrogen Holdings Corp. Signs Agreement with Saipem for Epc Services

BioNitrogen Holdings Corp. announced that it has signed an agreement with Saipem to provide BioNitrogen with EPC services for its urea manufacturing facilities. Under the terms of the agreement, Saipem will carry out the engineering design of BioNitrogen's plants, procure all the equipment and materials necessary, and construct BioNitrogen's facilities.

Eni Delays Saipem Divestment

Eni SpA (BIT:ENI) put plans to divest its 42.9% stake in Saipem SpA (BIT:SPM) on hold as a result of volatile market conditions

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.


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