Shares in transitioning oil & gas contractor Saipem plunged on Monday after it posted a profit warning and flagged sharply lower than expected earnings from projects, including some in the offshore wind sector where the group has been one of the most ambitious 'black to green' players seeking new horizons in renewables and hydrogen.
Italy-based Saipem’s shares were at one stage trading almost 30% lower as it said it was talking to its main shareholders over their “willingness to support an appropriate and timely financing package” in light of a €1bn ($1.2bn)
