The Federal Government of Nigeria has renewed its legal action against Saipem Contracting Nigeria Limited and two of its officials, Michele Poggi and Giani Di Petro, over an alleged $42,068,874.35 ...

The new project in Nigeria further strengthens our position in Sub-Saharan Africa. Moving to Page 9. We are currently managing the largest backlog ever at Saipem. More than 60% is in Offshore ...

Saipem struck an agreement in principle on the key terms of a potential acquisition of Subsea7, which would result in a combined company called Saipem7. Image by LeManna via iStock Saipem SpA has ...

In the fourth quarter Saipem won oil and gas contracts from BP PLC in Indonesia, Shell PLC in Nigeria and TotalEnergies SE in Suriname, as well as a carbon storage contract from the Northern ...

MILAN, Feb 23 (Reuters) - Italian oil services company Saipem SPMI.MI said on Sunday that it will merge with Norwegian rival Subsea 7 (SUBC.OL), opens new tab in a deal valued at about $4.63 billion.

Saipem and Subsea7 are highly complementary in terms of market offerings and geographies. The combination would enhance value for shareholders, and all stakeholders, both in the current market and ...