Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, HP and PDS.
Italian energy contractor Saipem said on Monday its first-quarter adjusted core earnings rose 40% on the same period of last year, driven by growth at its offshore engineering and construction business. Adjusted core earnings increased to 268 million euros ($285 million) from 191 million euros in the same period of last year.
Saipem (SAPMF) receives the authorization to advance with the development of Whiptail, after receiving final approval from the clients and all necessary regulatory clearances.