Wednesday, November 27, 2024
Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year- oil and gas 360

Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year

CNBC Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve. The wind turbine manufacturer on Thursday said it continued to be “challenged by market dynamics,” as supply chain disruptions weighed on results. Between October and December 2021, the company said revenue fell to 1.83 billion euros

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

From Reuters Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking sources said. With Aramco talking again to banks about an initial public offering (IPO), its board is meeting later this

Trade Shift: United States Exports More Energy Products to Mexico

In the past three years, the U.S. has exported more energy products to Mexico than it imports. That’s a reversal from just a few years ago. Historically, energy trading between Mexico and the U.S. was characterized by Mexican sales of crude oil to the U.S. and American sales of refined petroleum products to Mexico. Through 2014, the EIA said, Mexico’s