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Saipem, McDermott and Chiyoda JV secures EPC contract

A joint venture of Saipem, McDermott International and Chiyoda has secured an EPC contract from Anadarko Petroleum for Mozambique LNG Project. ....

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Saipem Joins JV for Arctic LNG2 Project

Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for… ....

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Russia's Avoidable Economic Decline | The Heritage Foundation

Putin’s consistent policy of increasing state economic control may well be leading Russia on the path to stagnation and economic decline. ....

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Italian Judge Clears Saipem, Two Former Managers

An Italian judge has cleared energy services group Saipem and two former managers from charges of misleading investors in… ....

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Italy's Saipem warns on outlook after Mozambique uncertainty

AfricaItaly s Saipem warns on outlook after Mozambique uncertainty
ReutersStephen Jewkes
3 minutes read
A staff member is seen on the Saipem 10000 deepwater drillship in Genoa s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo/File Photo
Italian energy service group Saipem (SPMI.MI) said it was unable to update its outlook for the year due to uncertainty over a project in Mozambique as it missed first-quarter expectations.
Earlier this week French energy group Total (TOTF.PA) declared force majeure on its $20 billion liquefied natural gas (LNG) project in Mozambique following insurgent attacks. read more
Evaluations in close cooperation with the client are underway to preserve the value of the project, Saipem Chief Executive Stefano Cao said on Wednesday, during a conference call on results. ....

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