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Italy's Saipem improved its guidance for the full year after third-quarter adjusted core earnings and revenue beat analysts' expectations. The energy contractor reported on Thursday an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 215 million euros ($216.74 million) compared with an analysts' consensus of 136 million euros. EBITDA was negative for 25... Continue Reading →
(Reuters) TotalEnergies posted a sharp jump in its third-quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment. TotalEnergies' third-quarter adjusted net income stood at $9.86 billion. That compared with $4.77... Continue Reading →
(Reuters) Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs. Shell also extended its share repurchasing program, announcing plans to buy $4 billion of stock... Continue Reading →
Dutch offshore contractor and shipowner Boskalis will be delisted in Amsterdam next month following a takeover deal. The group’s biggest shareholder, Monaco investment fund HAL Holding, has sealed a $2.3bn purchase, reaching 98.3% ownership. The last day of trading on Euronext Amsterdam will be 8 November, bringing an end to a public listing of more... Continue Reading →
(Reuters) - Spanish utility Iberdrola (IBE.MC) posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall in Spain that the company's chairman partly blamed on government overregulation. Energy prices in Europe have soared since Russia invaded Ukraine in February, which has hit markets that were... Continue Reading →
(Reuters) - U.S. oil and gas producer Hess Corp (HES.N) reported a quarterly profit which topped Wall Street's estimates on Wednesday, on the back of higher crude prices amid tighter energy supplies following Russia's invasion of Ukraine. Oil prices have pulled back but were still trading at eight-year highs amid Western sanctions against major exporter Russia and... Continue Reading →
(Reuters) Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia. Wintershall Dea was looking into whether the international business it is pursuing could be legally separated... Continue Reading →
(Reuters) - General Electric Co (GE.N) on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, however, reported much higher-than-expected free cash flow. Its quarterly revenue also topped Wall Street's estimates. GE's shares were down about 1.8% at... Continue Reading →
(Reuters) - Halliburton Co (HAL.N) posted a rise in profit for the third quarter on Tuesday that beat analysts' forecasts, the latest oilfield services firm to report better-than-expected results amid a surge in drilling activity around the globe. Brent crude averaged $98.96 a barrel during the quarter, up about 33% from a year earlier as sanctions on... Continue Reading →
With the addition of 115 new global offshore wind projects during 3Q, Quest Floating Wind Energy (Q FWE) are actively tracking 696 projects (with statuses Possible, Planned, Pre-development and Under development) representing $1.75 trillion in CapEx, a one-half billion quarter over quarter gain. The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable... Continue Reading →
