Embattled Italian oil services group Saipem is in pole position to win a contract worth up to $2 billion to replace pipes at the Kashagan oilfield in Kazakhstan, two sources with knowledge of the matter said on Tuesday.
The Financial Conduct Authority (“FCA”) notifies that it temporarily prohibits short selling in the following instrument under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March...
BioNitrogen Holdings Corp. recently announced that it has signed an engineering, procurement, project management and construction services agreement with Italy-based Saipem for its biomass-to-urea manufacturing facilities.
BioNitrogen Holdings Corp. recently announced that it has signed an agreement with Italy-based Saipem to provide BioNitrogen with engineering, procurement, project management and construction services for its urea manufacturing facilities.
Italian market regulator Consob fined Saipem 80,000 euros ($100,000) for delaying a profit warning in January last year, the latest setback for the oil services firms whose shares fell to a 10-year low on Friday.
Italian oil major Eni has put the sale of its stake in Saipem on hold after the cancellation of the lucrative South Stream gas pipeline project and plunging oil prices shaved off almost half the oil contractor's market value in two months.
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