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Saipem +3,5% after new contracts

The share of the oil services company in the pink jersey of the Ftse Mib, after having obtained contracts for a total value of 430 million euros - The rise in oil prices also pushes Eni and, above all, Tenaris.

Saipem +3,5% after new contracts

A Business Square shines the star of Saipem. In fact, the oil service company recorded an increase of 3,75% in mid-morning, recording the best performance of the Ftse Mib, which in the same minutes was up 1,5%.

Two factors contribute to giving wings to the title of the company from San Donato Milanese. The first is the rise in the price of oil, which led to a positive trend in the major stocks of the sector during the day, including Eni, +1,28%, and Tenaris + 2,41 % 

The second factor is the orders obtained from Saipem, which communicated that it has been awarded new contracts and the extension of existing contracts in onshore drilling in the Middle East and South America for a total value of 430 million dollars.

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