Italian oil and gas group Eni on Thursday confirmed a previous target for an average annual growth rate of 3 percent in oil and gas production in the period 2014-2017. In a statement Eni said its 43 percent stake in oil services group Saipem was non-core…
Bribery and corruption is a growing concern for businesses in all sectors and jurisdictions. Corruption is a problem not only from an ethical and competition-distorting perspective, but also because of the substantial risk it creates to the…
Saipem announces that Fabrizio Barbieri has resigned from his position as a director of Saipem’s Board. Fabrizio Barbieri, a non-executive and non-independent Board member, was not part of any internal committee, and was drawn from the list…
The consortium building Poland's first liquefied natural gas (LNG) terminal is in talks to increase the amount it is being paid, but there is no risk to the completion of the project, one of the contractors told Reuters on Friday. The import terminal is being built on Poland's Baltic coast…
Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara Bakau B.V.