Oil & Gas

Court ruling stings Saipem for $135m


Italian oil service company Saipem said today that it had been ordered to pay Algerian firm Sonatrach $135million in compensation in connection with a construction project.


Eni cleared to sell Saipem stake


Italy’s Eni has confirmed the European Commission has cleared its plans to sell a 12.5% stake in fellow Italian firm Saipem. The Commission has published its authorisation for the transaction following the positive outcome of the anti-trust procedure.

Oil & Gas

Aker Solutions teams up with Saipem for joint subsea work


Aker Solutions has teamed up with Saipem to cooperate on targeted susbea oil and gas development projects worldwide. The company will make the move through a joint work group which will identify opportunities where they can create value for customers by combining Aker's capabilities in subsea products and technologies with Saipem's assets and expertise in engineering, procurement and construction.