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.
MILAN (Reuters) - Italian oil services firm Saipem may lose 1.25 billion euros ($1.55 billion) in revenue in 2015 due to Russia's apparent cancellation of the South Stream gas pipeline project, CEO Umberto Vergine told daily Il Sole 24 Ore in an...
The article on this company has not been written yet. If you're the first person to write this article, it's a sure thing that you'll be credited as a Top Contributor. For tips on getting started, check out the sample article.
You may also be interested in articles related to Saipem S.p.A (SAPMF):