Saipem has been awarded new contracts totaling $930 million from Eni for the Baleine Phase 3 project and the Venice Biorefinery, expanding its project portfolio.

Italian energy contractor Saipem has been awarded contracts totaling $913 million (€800 million) for projects in Ivory Coast and Italy. These contracts include drilling operations for the Baleine Phase 3 development and work on the Enilive Venice Biorefinery.

The proposed merger between Saipem and Subsea 7 is reportedly facing an antitrust investigation by the European Union.

Italian energy contractor Saipem has been awarded a significant $1 billion contract to develop the Uthmaniyah gas plant in Saudi Arabia, bolstering its presence in the Middle East.

Subsea7 announced that CEO John Evans will retire and be succeeded by Stuart Fitzgerald. This leadership change comes as the company prepares for a merger with Saipem.

Saipem is set to acquire a drill-ship from Deep Value Driller for a sum of $272.5 million.

Several companies, including Franklin Electric, CTS Corporation, and Oshkosh, have reported better-than-expected earnings and revenue, leading many to raise or reaffirm their financial outlooks for fiscal year 2026.

The European Commission has initiated a detailed investigation into the proposed merger between Saipem and Subsea 7.

The Australian Competition and Consumer Commission (ACCC) has ordered a phase two review of the proposed merger between Saipem and Subsea7, indicating further scrutiny of the deal.

Saipem has commenced offshore operations for the GranMorgu project located in Suriname, marking a significant step in the energy development initiative.

Philip Morris International's strategy to transition towards smoke-free products is gaining momentum, contributing to an increase in the company's profits.

Saipem has terminated its deal with Deep Value Driller following the sale of Deep Value Driller to a third party.

Saipem has been awarded new contracts by Eni for projects in Ivory Coast and Italy, totaling approximately $911 million (€800 million), marking significant developments in the energy sector for both regions.

Italian energy company Eni has booked a Saipem drillship for an upcoming campaign in Ivory Coast.

ADES is set to acquire Saipem's rig-owning unit in Saudi Arabia for $285 million, marking a significant transaction in the oil and gas services sector.

Saipem has completed the sale of its jack-up drilling business in Saudi Arabia to ADES for a reported sum of $285 million, marking a significant transaction in the energy sector.

(ANSA) - ROME, MAR 9 - After a sharp decline in the early part of the session on Iran war fears and oil price hikes, the Milan Stock Exchange recovered in line with other European stock markets and the FTSE MIB index closed just 0.29% down at 44,024 points. On the main board, Cucinelli (-3.8%) and Stellantis (-3%) fell. Among banks, Mediobanca (-3.1%) and MPS (-1.6%) suffered sales ahead of the board meetings for the share swap. Leonardo (+6.6%) and Saipem (+4.8%) rose. Nexi (+3%), Eni (+2.3%...