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About 802 results for "saipem"

Petroleo Brasileiro Petrobras SA (ADR) - What's Latest?

Brazilian prosecutors implicated an Italian oil service provider, Saipem SpA (ADR) ( OTCMKTS:SAPMY ) for corruption scheme with Brazilian state oil company, Petroleo Brasileiro Petrobras SA (ADR) ( NYSE:PBR ). The authorities believe that the ... Bidness Etc, 1 day ago

Eni production growth takes sting out of Saipem writedown

Oil and gas production is targeted to rise more than 7 percent this year, up from a previous 5 percent target, helped by output in Venezuela, Norway, the United States, Angola and Republic of Congo, and expectations of higher volumes in Libya. ...
 Yahoo! UK and Ireland2 days ago BRIEF-Eni working on plans to deconsolidate Saipem debt  Reuters Africa2 days ago UPDATE 1-Eni raises output target as Q2 profits slump on Saipem  Reuters Africa2 days ago Eni Q2 net profit falls 84 pct on Saipem hit  Reuters Africa2 days ago
Business Recorder

Italy's Saipem tumbles on job cuts

Shares in Saipem were down more than 9 percent in early trading after the oil contractor slashed its guidance for the year late on Tuesday and axed 8,800 jobs as part of a restructuring plan. Some brokers expressed concern about the need for a ...
 Austin American Statesman3 days ago Oil contractor Saipem slashes guidance and jobs in turnaround effort  Business Recorder4 days ago Saipem slashes 2015 guidance, announces job cuts  Reuters Africa4 days ago UPDATE 2-Oil contractor Saipem slashes guidance and jobs in turnaround plan  Reuters Africa4 days ago
SweetCrude Reports

Saipem Shares Drop After Unexpected Loss, Profit Target Cut

Saipem SpA, Italy's biggest oil and gas contractor, plunged in Milan trading after saying it will cut jobs and exit businesses as writedowns led to an unexpected loss and an earnings-target reduction. The company, controlled by Italian oil ...
 Bloomberg3 days ago Italy's Saipem Plans 8,800 Job Cuts After Profit Goals Cut  Bloomberg4 days ago Saipem, Koreans in $1.5bn Kuwait deal  SweetCrude Reports3 days ago 14:30Saipem to lay 9,000 workers off due to South Stream termination  UNIAN3 days ago
Subsea World News

Italy's Eni sees refining, chemical margins expand

By MIKAEL HOLTER Bloomberg Eni SpA said second-quarter profit dropped 84% as its oil-and-gas contractor unit Saipem booked $1 billion in writedowns earlier this week after a plunge in crude prices. Adjusted net income declined to 139 million euros ...
 Hydrocarbon Processing2 days ago Eni Second-Quarter Profit Drops 84% as Saipem Reports Loss  La Repubblica2 days ago Eni Second-Quarter Profit Misses Estimates on Lower Crude Prices  Bloomberg2 days ago Eni CEO Descalzi comments on 'excellent' results  AGI.it2 days ago

Reuters: Saipem hires Bain to draw up restructuring plan

Editor Italian oil contractor Saipem (OTCPK:SAPMY) is working with Bain & Co. to devise a restructuring plan to help it cut costs and counter falling oil prices that have sapped its order book and stretched its balance sheet, Reuters reports. ...
 Seeking Alpha1 week ago REUTERS - UPDATE 1-Saipem hires Bain to get in shape for cheaper oil  Namibia Press Agency1 week ago Saipem working with Bain on 'fit to 60' restructuring plan-sources  Reuters Africa1 week ago Saipem eyes restructure plan  SweetCrude Reports1 week ago
Splash 247

Saipem Cuts 8,800 Jobs Amid Pricing Trouble

The downturn in global oil prices continued to weigh on already stressed Italian energy firm Saipem, which announced that they will likely cut its workforce by about 8,800 over the next two years. The announcement comes after the Italian company, ...
 Forbes.com3 days ago Saipem to cut 8,800 jobs  Splash 2473 days ago SAIPEM : ++ Italian oil firm Saipem to cut 8,800 jobs by 2017 ++  4 Traders4 days ago Saipem to cut 8,800 jobs after write-down  Interfax Energy1 day ago

Italia's Saipem does not earn €1.232 bln due to South Stream project cancellation

MOSCOW, July 29. /TASS/. Italia's Saipem, the contractor in the South Stream pipeline construction project, did not earn €1.232 bln due to cancellation of the project by Gazprom, the company said on Wednesday in its financial report. Saipem ...
 Itar Tass3 days ago SAIPEM : Italian Saipem does not earn 1.232 bln due to South Stream project cancellation  4 Traders2 days ago Italian Saipem does not earn €1.232 bln due to South Stream project cancellation  News.Az3 days ago

Brazil prosecutors accuse former Petrobras exec of favoring Saipem

SAO PAULO, July 29 (Reuters) - Prosecutors in Brazil said on Wednesday former Petrobras executive Renato Duque had unfairly favored Italy's Saipem SpA on a contract for an undersea gas pipeline for the Lula and Cernambi offshore subsalt fields. ...
 Reuters Africa3 days ago UPDATE 3-Brazil accuses former Petrobras executive of favoring Italy's Saipem  Reuters2 days ago REUTERS - UPDATE 3-Brazil accuses former Petrobras executive of favoring Italy's Saipem  Namibia Press Agency2 days ago Brazil accuses former Petrobras exec of favoring Italy's Saipem  Reuters3 days ago

BUZZ-Eni Q2 to feel Saipem cold wind

** Eni's Q2 results on Thursday will be impacted by heavy operating and net losses posted at its troubled oil contractor subsidiary Saipem, analysts said ** On Tuesday Saipem, 43 percent Eni-owned,
 Yahoo! UK and Ireland3 days ago
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