Saipem receives Investment Bank Analyst Rating Update
MILAN (Reuters) - Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO...
MILAN (Reuters) - Saipem has agreed to restart a liquefied natural gas (LNG) project in Mozambique for TotalEnergies (LON:TTEF) in July, the chief executive of the Italian energy...
Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of offshore and onshore projects. In addition, the Company also offers technologies for the gas monetization and heavy oil exploitation. It is organized into five business units: Onshore Engineering & Construction, Offshore Engineering & Construction, Onshore Drilling, Offshore Drilling, and XSIGHT. The Engineering & Construction business unit operates both onshore and offshore. The offshore activities include platforms, marine terminals, pipelines and the development of deepwater fields. The onshore activities focus on the laying of pipelines and installation of plant, equipment and the floaters. The Drilling business unit carries out drilling programs in the onshore and offshore environments globally.
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