energy
Siemens Energy appears to be back on track after pushing through a restructuring of its troubled wind power subsidiary, Gamesa. The German energy technology company reported positive quarterly earnings on Wednesday, and dramatically raised its profit forecast for the remainder of the current year. The company, which split off from German engineering giant Siemens in 2020, has struggled with losses in the wind power subsidiary and has been forced to issue numerous profit warnings in its relatively short history. But Wednesday's report indicated that Siemens Energy made a bottom-line profit of €...
DPA International
Siemens Energy appears to be back on track after pushing through a restructuring of its troubled wind power subsidiary, Gamesa. The German energy technology company reported positive quarterly earnings on Wednesday, and dramatically raised its profit forecast for the remainder of the current year. The company, which split off from German engineering giant Siemens in 2020, has struggled with losses in the wind power subsidiary and has been forced to issue numerous profit warnings in its relatively short history. But Wednesday's report indicated that Siemens Energy made a bottom-line profit of €...
DPA International
Siemens Energy appears to be back on track after pushing through a restructuring of its troubled wind power subsidiary, Gamesa. The German energy technology company reported positive quarterly earnings on Wednesday, and dramatically raised its profit forecast for the remainder of the current year. The company, which split off from German engineering giant Siemens in 2020, has struggled with losses in the wind power subsidiary and has been forced to issue numerous profit warnings in its relatively short history. But Wednesday's report indicated that Siemens Energy made a bottom-line profit of €...
DPA
Siemens Energy appears to be back on track after pushing through a restructuring of its troubled wind power subsidiary, Gamesa. The German energy technology company reported positive quarterly earnings on Wednesday, and dramatically raised its profit forecast for the remainder of the current year. The company, which split off from German engineering giant Siemens in 2020, has struggled with losses in the wind power subsidiary and has been forced to issue numerous profit warnings in its relatively short history. But Wednesday's report indicated that Siemens Energy made a bottom-line profit of €...
DPA Breaking News
Siemens Energy appears to be back on track after pushing through a restructuring of its troubled wind power subsidiary, Gamesa. The German energy technology company reported positive quarterly earnings on Wednesday, and dramatically raised its profit forecast for the remainder of the current year. The company, which split off from German engineering giant Siemens in 2020, has struggled with losses in the wind power subsidiary and has been forced to issue numerous profit warnings in its relatively short history. But Wednesday's report indicated that Siemens Energy made a bottom-line profit of €...
DPA
Siemens Energy appears to be back on track after pushing through a restructuring of its troubled wind power subsidiary, Gamesa. The German energy technology company reported positive quarterly earnings on Wednesday, and dramatically raised its profit forecast for the remainder of the current year. The company, which split off from German engineering giant Siemens in 2020, has struggled with losses in the wind power subsidiary and has been forced to issue numerous profit warnings in its relatively short history. But Wednesday's report indicated that Siemens Energy made a bottom-line profit of €...
DPA Breaking News
BP reported first-quarter earnings that fell short of market expectations, primarily due to weakened oil and gas prices impacting its profit margin. The British energy giant maintained the share buyback plan of $3.5 billion in the first half of the year, with $1.75 billion completed in May of 2024. Furthermore, it announced a dividend payout of 7.27 cents per share. Following the report, BP's share price declined by more than 1.3% on the London Stock Exchange. Profit declines, cash flow shrinks, debt risesIn contrast to rival Shell's robust results, BP's earnings fell short of market expectati...
Euronews (English)
Iran and Pakistan are looking at ways to complete a long-delayed gas pipeline project between the two countries, Iran's Consul General to Pakistan, Hassan Nourian, said on Monday. "We see political determination from Pakistan to complete the project," he told reporters in the southern city of Karachi. The countries signed an agreement to construct the pipeline from Iran's South Fars gas field to Pakistan's Balochistan and Sindh provinces in 2010, but work on Pakistan's portion has been held up due to fears of U.S. sanctions. The 1,900 kilometre (1,180 mile) pipeline was meant to supply 750 mil...
The New Arab
Sustainable energy company EOG Resources has reported its Q1 2024 quarterly earnings, with better-than-expected results all round. One chief reason for this, according to the company, was that EOG experiences “volumes and total per-unit cash operating costs better than guidance midpoints.” It also reflected the continued bullishness of investors and market sentiment at large for more sustainable energy solutions. EOG, with its natural gas, hydrocarbon and crude oil streams, seems to be benefitting from the zeitgeist nicely. Net income and free cash flow riseThe company reported an adjusted net...
Invezz
With EU leaders sharpening their focus on global competition after a five-year political cycle marked by the European Green Deal, clean tech companies are warning the EU must do something to match the multi-billion-dollar support US competitors enjoy under the Biden administration’s Inflation Reduction Act – not to mention state-supported mass production in low-wage China. Following the momentum of the Antwerp Declaration, where industry leaders enjoyed the support of EU Council presidency holder Belgium in a call for less regulation and a renewed focus on industrial competitiveness, Bill Gate...
Euronews (English)
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