Revenue and order intake reached record levels in H1 2026, with robust cash flow and strong project execution despite €70 million in extra costs from Middle East conflict. EBITDA guidance was revised down to €1.75 billion, but revenue and cash flow guidance remain unchanged, and the company is on t…
Saipem S.p.A. (MIL:SPM) won a $260M drillship contract from Eni to start long‑term offshore Côte d’Ivoire work in early 2027 even as the EU opened an in‑depth probe into its proposed $4.86B merger with Subsea7 over subsea competition, decision due Nov. 26.Previous Week Recap This is an…
Saipem S.p.A. SAPMF, a leading engineering and construction services firm for the energy sector, recently announced the award of a new Engineering, Procurement, Construction and Installation (“EPCI”) contract in the Kutei Basin, East Kalimantan, Indonesia. The contract was secured by SAPMF’s Indone…
Italian energy contractor Saipem MIL:SPM said on Tuesday it had been awarded a contract worth around $2 billion for a Floating Production, Storage and Offloading unit for an offshore gas field in Indonesia's Kutei Basin.Here are some details:
