Streetbeat News

SNMRY

Snam S.p.A.

http://www.snam.it/

CEO

Marco Alvera

Industry

Pipeline Transportation of Crude Oil

Open

9.02

Mkt cap

15B

Volume

2.3K

High

9.05

P/E Ratio

13.51

52-wk high

10.66

Low

9.02

Div yield

0.07

52-wk low

8.67

Eni S.p.A. has launched Italy's first CO2 capture project, the Ravenna CCS, in partnership with Snam SPA. The project aims to significantly reduce CO2 emissions by capturing and storing carbon from Eni's natural gas plant. Despite this initiative, Eni's shares are trading lower.

Portfolio Pulse from Lekha Gupta

September 03, 2024 | 3:15 pm

Baker Hughes Company (NASDAQ:BKR) has been chosen by Snam SPA (OTC:SNMRY) to supply three turbocompressors with NovaLT12 gas turbines for the Adriatic Line pipeline project in Italy. This project aims to reduce carbon emissions by allowing up to 10% hydrogen blend with natural gas. The collaboration is part of Italy's efforts to decarbonize its gas network and is supported by the National Recovery and Resilience Plan and the REpowerEU Plan.

Portfolio Pulse from Akanksha Bakshi

April 03, 2024 | 3:11 pm

Four international groups, including BlackRock, are competing to purchase Exxon Mobil's majority stake in an LNG terminal offshore Italy. The deal could value the terminal at nearly $881 million.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 3:51 pm

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