Eni assesses Saipem stake
Published by Joseph Green,
Editor
World Pipelines,
Last July Eni introduced a new organisational structure with even greater focus on the oil and gas business. In this context, the shareholding in Saipem has been identified as no longer in line with the strategic objectives of the group.
Following this decision, Eni had started an assessment of a range of options for its stake in Saipem with the support of a financial advisor. Recently, market conditions have become increasingly volatile. This has led Eni to put on hold this assessment whilst still confirming the above strategy.
Adapted from press release by Joe Green
Read the article online at: https://www.worldpipelines.com/business-news/12122014/assessment-eni-options-company-stake-saipem-1998/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Oil and gas companies add renewable fuels to low-carbon portfolio, says GlobalData
Share of fossil fuels in the world’s energy mix declined from 82% in 2022 to 81.5% in 2023.
