
Saipem Maintains Forecast Despite Profit Decline
Despite a significant drop in profits due to the conflict in the Middle East, Saipem has maintained its revenue forecast for 2026 and continues to secure new major contracts.
AILINCOM 
Despite a significant drop in profits due to the conflict in the Middle East, Saipem has maintained its revenue forecast for 2026 and continues to secure new major contracts.

The Italian company Saipem has signed two major contracts with Eni for the implementation of an underwater project off the coast of Côte d’Ivoire and the construction of a facility in Italy. These projects will significantly increase oil and gas production, as well as expand biofuel manufacturing.

The European Commission has launched an in-depth investigation into the planned merger between Saipem and Subsea7 due to concerns about reduced competition in the subsea infrastructure and engineering services market. A final decision is expected by November 26.

The European Commission has launched an in-depth investigation into the planned merger of Saipem and Subsea7 due to concerns about reduced competition in the offshore engineering services market. A final decision is expected by November 26.