Offshore work drives recovery for Saipem after tumultuous 2022
- Date: 28-Feb-2023
- Source: Energy Voice
- Sector:Financial Services
- Country:Qatar
Offshore work drives recovery for Saipem after tumultuous 2022
Saipem reported diminishing losses in its full-year results, after a year marred by lossmaking wind contracts and the departure of its CEO.
The Italian engineering giant (MI:SPM) posted a pre-tax loss of €162m for full-year 2022, or €209m net – a far cry from the €2.4 billion lost in 2021.
Revenues grew by more than 50% on 2021 to €9.9bn, almost one-third of which was generated in Q4. This included major work won with Qatargas at North Field, ExxonMobil off Guyana and Petrobel at the Zohr field.
Select Sector 
Select Country 
