Saipem S.p.A (SAPMF)

QUOTE AND NEWS
Reuters  Jul 30  Comment 
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.
Financial Times  Jul 29  Comment 
Bribes of art and cash allegedly paid on behalf of company to secure contracts
Forbes  Jul 29  Comment 
The downturn in global oil prices continued to weigh on already stressed Italian energy firm Saipem, which announced that it will likely cut its workforce by about 8,800 over the next two years.
Financial Times  Jul 29  Comment 
Italian oil service group wants to win its battles with its clients without fighting
OilVoice  Jul 29  Comment 
The Board of Directors of Saipem S.p.A. today approved Saipems consolidated SixMonth Report at June 30 20151 and endorsed an incisive turnaround and cost cutting programme that will enable the C
Reuters  Jul 24  Comment 
Italian oil contractor Saipem is working with Bain & Company to draw up a restructuring plan to help it cut costs and counter falling oil prices that have sapped its order book and stretched its balance sheet, three sources said.
Wall Street Journal  Jul 9  Comment 
The cancellation of a pipeline contract by Gazprom merely adds to long list of potential concerns for the Italian oil-field services company.
Reuters  Jul 9  Comment 
Russia's plans to drop Ukraine eventually as a route for piping its natural gas to Europe have hit a snag after Russian gas exporter Gazprom called off a deal with Italy's Saipem to build a subsea link to Turkey.





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