Highlights: The best energy news of the day – Wednesday at 4:00 a.m. ET

Siemens Energy Lifts Guidance, Targets Gamesea Revamp 
 

The company forecast revenue growth of 10%-12% and free cash flow of around 1 billion euros, and said it had initiated a restructuring of its wind business, replacing the unit’s CEO in the process.

 
Oil prices touch lowest levels since mid-March as Russia signals OPEC+ output rise possible 
 

Oil futures ended modestly lower on Tuesday as Russia indicated OPEC+ may consider raising crude output and Israel rejected a proposed Gaza ceasefire.

 
BP Earnings Miss. It's Betting Big on the Gulf of Mexico, Which Should Help. 
 

The company has returned to exploring for new oil wells, and some of its most aggressive exploration projects are in the Gulf.

 
Saudi Aramco Net Income Falls on Declining Crude Oil Volumes 
 

Profit at Saudi Arabia’s national oil company fell in the first quarter and missed analysts’ forecasts due to a lower volume of crude oil sold and weaker refining and chemical margins.

 
Bouygues Backs Guidance on Improved First Quarter 
 

Bouygues said operating profit from activities rose to 26 million euros, and the company reiterated its guidance for 2024 of slightly higher sales and profits compared to 2023.

 
Energy & Utilities Roundup: Market Talk 
 

Get insights on Strategic Petroleum Reserve, BP, Jefferies and more in the latest market discussions covering energy and utilities.

 
Bill Gates-Backed Ambri Files for Bankruptcy With Plans to Sell Itself 
 

The battery developer entered Chapter 11, blaming a challenging fundraising environment and the fallout from an ill-fated effort to become a manufacturer.

 
Energy & Utilities Roundup: Market Talk 
 

Get insights on TC Energy, Worley and more in the latest market discussions covering the energy and utilities sector.

 
New EU Cyber Rules for Electricity Providers Aim to Prevent Cascading Outages 
 

Critical energy providers will be required to submit cyber security assessments every three years and implement safeguards.

 
Exxon Completes $60 Billion Pioneer Natural Resources Acquisition 
 

Exxon Mobil has completed its $60 billion acquisition of rival Pioneer Natural Resources after reaching a settlement with antitrust regulators, sealing the biggest oil and gas deal in decades.

(End) Dow Jones Newswires

05-08-24 0415 ET