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Australia Approves Restart of Saipem Pipelaying Vessel Operations

By Pierre Bertrand Saipem said that Australia's offshore petroleum regulator has approved the restart of operations by the Castorone pipelaying vessel. The. ....

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Saipem Says Software Issue a Possible Cause of Incident at Pipelaying Vessel

By Pierre Bertrand Saipem said an incident while its Castorone vessel was laying a pipeline off the coast of Western Australia on Tuesday could have been. ....

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SLB, Other Big Oil Stocks Extend Losses After Saudi Arabia Cuts Production Goal

SLB, Baker Hughes, and other big oil stocks fell again as markets digested news that Saudi Arabia’s Aramco would pull back on plans to expand capacity. ....

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Oil Services Stocks Sink After Saudi Aramco Lowers Production Goal

The state-owned company pulled back on its capacity target at the direction of the Saudi Arabian government. ....

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Saipem Shareholders Back Capital Raise of Up to EUR500 Million

By Mauro Orru Saipem shareholders approved a capital increase of up to 500 million euros ($539.7 million) at the company's extraordinary shareholders'. ....

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