Milan - Delayed Quote • EUR Saipem SpA (SPM.MI) Follow Compare 2.3480 -0.0110 (-0.47%) At close: January 30 at 5:35:38 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Eni and Egypt to Restart Drilling at Zohr Gas Field to Boost Output E is set to resume drilling at Egypt's Zohr gas field, aiming to increase production amid declining domestic output and revive Egypt's energy export potential. January 2025's Noteworthy Stocks Estimated To Be Below Fair Value As global markets navigate a period of mixed economic signals, including declining U.S. consumer confidence and fluctuating stock indices, investors are increasingly focused on identifying opportunities that may be undervalued amidst this volatility. In such an environment, stocks estimated to be below their fair value can present compelling opportunities for those looking to capitalize on potential market inefficiencies. Saipem secures contracts for CO₂ transportation and storage projects in UK The projects are key to the East Coast Cluster, aimed at creating the UK's first zero-emission industrial hub in north-east England. Saipem And 2 Other Stocks That Might Be Trading At A Discount As global markets continue to rally, with major indices like the Dow Jones Industrial Average and S&P 500 reaching record highs despite geopolitical uncertainties, investors are increasingly on the lookout for opportunities that may be undervalued amidst this optimism. In such an environment, identifying stocks trading at a discount can provide potential value, especially when considering companies like Saipem and others that might offer attractive entry points relative to their intrinsic worth. Saipem secures EPCI contract for Indonesia’s Tangguh UCC project The contract, worth around $1.2bn (£951.44bn), allocates approximately $1bn to Saipem's share. TechnipFMC to Develop First Major Subsea Project Offshore Suriname FTI and Saipem partner for the subsea development of TotalEnergies' GranMorgu field on Block 58, offshore Suriname. Technip, SBM and Saipem win major contracts for GranMorgu project offshore Suriname SBM Offshore and Technip Energies will build and install a floating production storage and offloading (FPSO) vessel in Suriname. Oil and gas contract value decrease in Q3 2024 Overall contract volume remained relatively stable, with 1,519 contracts in the quarter. Discover 3 Stocks That May Be Trading Below Estimated Fair Value In the midst of a busy week marked by mixed earnings reports and economic data, global markets have seen major indices such as the Nasdaq Composite and S&P MidCap 400 reach record highs before retreating, highlighting ongoing volatility. As investors navigate this complex landscape, identifying stocks that may be trading below their estimated fair value can offer potential opportunities for those looking to capitalize on market inefficiencies. Galp Energia Initiates Second Drilling Campaign in Orange Basin GLPEY's second exploration campaign in the Orange Basin, offshore Namibia, follows the successful discovery of light oil in high-quality reservoir sands during the first campaign. EU Innovation Fund grants $25.8m to Hera and Saipem’s CO₂ capture project in Italy The project marks Italy's first industrial-scale carbon capture and storage (CCS) application at a waste-to-energy plant. Stocks to watch: Tesla, Lloyds, L'Oréal, Coca-Cola and Unilever Earnings preview of key companies reporting next week and what to look out for. SAPMF Partners With Two Companies for Advanced Geothermal Energy Saipem, Geolog and Ignis H2 Energy join forces to develop geothermal energy solutions, paving the way for net-zero emissions in Italy and globally. Saipem partners with Geolog and Ignis to develop new geothermal energy solutions The partnership seeks to unlock the potential of geothermal resources by developing methodologies. McDermott secures EPCI contract from QatarEnergy LNG The contract is for the North Field South (NFS) offshore pipelines and cables project. McDermott, Saipem and CPECC awarded FEED contract for Rovuma LNG project Rovuma LNG is targeting international markets and supplying liquid petroleum gas (LPG) for domestic use in Mozambique. Saipem Secures Key Role in Libyan Offshore Gas Project Worth $8B SAPMF states that it has pre-qualified for EPCC work for Production Platform E, allowing the company to construct one of the largest production platforms in the Mediterranean region. Saipem Wins Major Offshore Contract for Marjan Field in Saudi Arabia SAPMF's latest offshore contract falls under its existing Long-Term Agreement with Saudi Aramco. The contract is valued at approximately $2 billion. Saipem secures $2bn field development contract from Saudi Aramco This contract, part of the long-term agreement with Saudi Aramco, is for the development of the Marjan field. Saipem Secures Major Offshore Contract Worth $4B From QatarEnergy SAPMF's latest contract win is part of the North Field production sustainability offshore compression complexes program. Performance Overview Trailing total returns as of 1/30/2025, which may include dividends or other distributions. Benchmark is FTSE MIB Index Return SPM.MI FTSE MIB Index YTD -6.42% +6.56% 1-Year +54.73% +20.49% 3-Year -51.66% +37.13%