Revenue CAGR ~60 percent 2017-2021 Targeted revenue growth of 40‒45 percent in FY2022 Funding for M&A, organic growth Targeted mid-term operational EBITDA margin 15-20 percent Michael Halbherr appointed Chairman ZURICH--(BUSINESS WIRE)--...
Net income for the quarter was $5.8bn.TotalEnergies reported net income of $16 billion. compared to$7bn in losses in 2020. The company reported cash flows of $30.7 billion for 2021 and adjusted EBITDA of $42.3bn. Chairman Patrick Pouyanne noted: “In the fourth quarter, oil prices continued to rise,...
TotalEnergies (NYSE:TTE) today announced it has signed a definitive agreement with SunPower Corp.’s (NASDAQ:SPWR) to purchase its Commercial & Industrial Solutions (CIS) business for $250 million, including $60 million of earn-out subject to regulatory evolution. TotalEnergies is the majority shareholder of SunPower, a leading solar...
TotalEnergies, through its affiliate TotalEnergies E&P USA, Inc., announces its decision not to sanction and so to withdraw from the North Platte deepwater project in the US Gulf of Mexico. The decision not to continue with the project was taken as the Company has better...
Leading drive and motor manufacturer, WEG has been awarded the prestigious contract to deliver a combined solution to a major hub for crude-oil storage in the Middle East. The Ras Markaz Crude Oil Park project in Oman will be served by flameproof tube-cooled motors and...
WEG is the new official supplier of charging stations for DS Automobiles's electric vehicles in Argentina, which is one of the Stellantis Group brands. In addition to providing the WEMOB Parking design station in all DS exclusive dealerships in the country, the agreement will also...
WEG announced the construction of a new electric motor factory in Santo Tirso, Portugal. The company intends to invest 23.5 million euros to build 22,600 m² of manufacturing facilities on the same area where WEG already has a 16,300 m² low voltage industrial motor...
American Petroleum Institute reported another drop at the key storage hub at Cushing, while signaling that nationwide inventories shrunk by 2 million barrels. Oil and Gas PricesUnitsPrice $changeCrude Oil (WTI)USD/bbl$90.06UpCrude Oil (Brent)USD/bbl$91.91UpBonny LightUSD/bbl$93.30UpNatural GasUSD/MMBtu$3.96DownOPEC basket 09/02/22USD/bbl$91.84DownAt press time 10th February 2022 The Ministry of Petroleum and Energy,...
Proposed transaction would strengthen EDF’s leadership in the French nuclear sector with GE’s technology and services in nuclear conventional islands, including its Arabelle steam turbines Furthers GE’s continued efforts to focus its portfolio; GE ...
Viston’s premium cash offer progressing through key regulatory milestones Hart-Scott-Rodino Act wait period expired on February 4, 2022 representing a critical milestone achievement under U.S. antitrust law Investment Canada Act initial review pe...
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt”, the “Corporation”, the “Company”) (TSX: S), a world leader in the mining and hydrometallurgical r...
HOUSTON--(BUSINESS WIRE)--Whiting USA Trust II (the “Trust”) (OTC:WHZT) announced today that the Trust will make a final distribution to unitholders in the first quarter of 2022, which relates to net profits generated during the fourth quarterly paymen...