Energiser Investments Share Discussion Threads

[sarkasm] 23/11/2017 08:26

French utility Engie SA (ENGI.FR) said Wednesday that it won contracts for four renewable-energy projects in Mexico via an auction organized by Mexico's National Center for Energy Control.

The projects will supply a combined total of 687.8 megawatts across four locations. Engie says that it will invest $580 million to develop the sites.

Three of the projects will provide solar energy, while the fourth will provide wind power.

Engie participated in two previous auctions organized by the energy regulator in 2016 and was awarded three renewable-energy projects with a total generation capacity of 209 megawatts. All three of those projects are currently under construction, the company says.

"By 2020, ENGIE Mexico will have invested close to $800 million in renewable power-generation, with approximately 900 megawatts of capacity," said Chief Executive Isabelle Kocher.



Write to Sonia Amaral Rohter at [e-mail]



(END) Dow Jones Newswires

November 22, 2017 12:44 ET (17:44 GMT)

[grupo guitarlumber] 22/11/2017 17:56

Engie wins 4 renewable energy projects in Mexico

Jean-Noël Legalland, published on the 22/11/2017 at 17h41
Engie wins 4 renewable energy projects in Mexico

(Boursier.com) - Engie strengthens its presence in the Mexican renewable energy market, winning four projects at the long-term electricity auction organized by the National Center for Energy Management of Mexico (CENACE ). This represents the supply of 687.8 MW of renewable energy and a $ 580 million investment to develop these four projects. This new success of Engie in Mexico is in addition to the achievements of the first and second auctions of 2016 during which the group has won three other renewable energy projects with a production capacity of 209 MW.

Isabelle Kocher, Chief Executive Officer of Engie, commented: "We are pleased to contribute to the development of clean energy in Mexico.By 2020, Engie Mexico will invest nearly $ 800 million in renewable energy production, with around 900 MW capacity ".

[maywillow] 14/11/2017 22:07

Engie: new walkout against relocation of customer services

Posted on Tuesday November 14th, 2017 at 17h15 in Paris, 14th november 2017 (AFP)

Employees of Engie's customer services department again took the initiative on Tuesday to protest against the relocation of part of the activities to low-cost countries, a "social dumping policy" according to the inter-union, which is accompanied by a large internal restructuring plan ".

About 62.4% of employees present declared themselves strikers two hours late morning and gathered in front of the sites with signs "Stop dumping" or "Engie in crisis", according to the CFDT, CFE-CGC, CFTC , CGT and Ee-FO.

Engie's management also reported a strike rate of 24.3% across the entire B to C perimeter (consumer relations), which includes activities other than customer services. It has identified 38.35% of strikers in customer services.

Employees had already strongly mobilized on September 26 to denounce this "social dumping" (72% of strikers according to the inter, 35.92% according to management).

The customer relations business of the energy group is already 80% outsourced, mainly to service providers (call centers) in France. But Engie is stepping up outsourcing, to 90% according to the unions, and outsourcing abroad.

After Morocco, Portugal and Mauritius, the company is now turning to countries "at even lower costs" like Cameroon and Senegal, denounce the unions. Around 30% of the activity will be carried out by service providers abroad at the end of 2017, "which represents more than 1,200 jobs lost on French soil," writes Inter-Syndicale.

"This approach aims to meet the need of the company to reduce its costs," said the group in September, noting that the positions concerned were not "those of Engie employees".

In order to obtain the "economic and social data" related to offshoring, the establishment committee of the client activities division has assigned the energy specialist a summary ruling. The hearing is scheduled for November 22 in Nanterre.

The unions are also protesting against the management's desire to split customer activities in two (around 1,200 employees), with a regulated tariff department (DTR), where 811 employees would be "exfiltrated", and a general public department (DGP).

According to them, this split would lead to the creation of a DTR "+ dying +" division whose regulated tariffs have been suspended since the Conseil d'Etat, seized by competing suppliers of Engie, ruled in July that their maintenance was contrary to European law.

sp-mhc / ao / mm

[grupo] 13/11/2017 06:51

ENGIE: Bullish signals are intact
TEC on 13/11/2017 at 07:13
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ENGIE: Bullish signals are intact

SYNTHESIS

The MACD is positive and superior to its signal line. This configuration confirms the good orientation of the title. It can be seen that the upside potential of the RSI is not exhausted. Stochastics are not overbought, leaving the upside potential intact. Exchanged volumes are above average volumes over the past 10 days.

MOVEMENTS AND LEVELS

The title is on the rise. It is above its 50-day moving average. The 20-day moving average is above the 50-day moving average. Support stands at 14.33 EUR, then at 13.96 EUR and the resistance is at 15.65 EUR, then at 16.03 EUR.
Last course: 14.73
Support: 14.33 / 13.96
Resistance: 15.65 / 16.03
Short term opinion: positive
Medium term opinion: positive

[grupo guitarlumber] 09/11/2017 06:17

Oil & Gas
Total acquires Engie’s upstream LNG business and becomes the second largest global LNG player

Written by Alan Shields - 09/11/2017 6:01 am

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French supermajor Total has signed an agreement with France’s Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion.

The portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe.

Additional payments of up to $550 million could be payable by Total in case of an improvement in the oil markets in the coming years.

Patrick Pouyanné, chairman and chief executive of Total, welcomed the move.
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He said: “The acquisition of Engie’s upstream LNG business enables Total to accelerate the implementation of its strategy to integrate along the full gas value chain, in an LNG market growing strongly at 5% to 6% per year.

“The combination of these two complementary portfolios will allow the Group to manage an overall volume of around 40 million tonnes of LNG per year by 2020, making Total the second largest global player among the majors with a worldwide market share of 10%.

“With the equity stake in the Cameron LNG project, Total will also become an integrated player in the US LNG market, where the Group is already a gas producer.”

The proposed transaction is subject to the applicable legally required consultation and notification processes with employee representatives as well as approvals by the relevant regulatory authorities and partners on certain contracts.

The transaction is expected to close by mid 2018 and will have an effective date of January 1, 2018.

[grupo guitarlumber] 08/11/2017 22:18

ENGIE announced Wednesday an agreement with Total to sell its assets upstream of the liquefied natural gas (LNG) chain for an enterprise value of $ 1.49 billion (€ 1.29 billion) about).

Price supplements of up to $ 550 million will be paid by Total in the event of improved oil markets in the coming years, said both groups in press releases.

The transaction, which Total plans to finalize in mid 2018, will enable Engie to reduce its net financial debt by $ 1.4 billion, excluding the price supplement.

The relevant portfolio includes interests in liquefaction plants, including the 16.6% stake in the Cameron LNG project in the United States, long-term LNG purchase and sale contracts, a fleet of 10 LNG carriers and rights of way in regasification terminals in Europe.

"This disposal project is in line with the group's transformation plan (...) which aims in particular to reduce its exposure to the evolution of the price of commodities", underlined Engie, who thus completes his exit from the upstream activities in the oil and gas sector, following the announcement of the sale of its subsidiary Engie Exploration & Production International in May.

While its activities in LNG have suffered in recent years from falling prices but also volumes of gas sold, Engie said Wednesday that it will continue to develop downstream of LNG, including retail sales to customers its subsidiary GTT and its regasification terminals in France, the United States and Chile.

Total, which will become the number two LNG world among the "majors" with this transaction, behind Royal Dutch Shell, for its part to integrate the teams in charge of Engie's LNG activities, or about 180 people.

TOTAL AND ENGIE ALSO SIGN AGREEMENT IN GREEN GAS

In parallel, Total and Engie have agreed to cooperate to promote the use of biogas and renewable hydrogen, with Engie becoming Total's priority supplier in this area.

Engie also reported Wednesday organic growth of its Ebitda of 3.8% for the first nine months of 2017, driven by its savings plan, and confirmed its annual targets.

The producer and supplier of gas and electricity, which is also very active in energy services, is still aiming for a recurring net profit of € 2.4 billion and € 2.6 billion for 2017, this indicator being expected in the middle of the forecast range, as well as an Ebitda of between 9.3 and 9.9 billion.

Engie also continues to forecast a net debt / Ebitda ratio of 2.5 times or less and a dividend of 0.70 euros per share for 2017 payable in cash.

At the end of September, the group recorded a current operating income of 3.6 billion euros (-10.5% gross, + 1.8% organic), an EBITDA of 6.6 billion (-3.6%). gross) and sales of 46.8 billion (+ 1.3% gross, + 1.9% organic).

The difference between the EBITDA evolution in raw data and organic data is explained by a negative scope effect.

Engie, on the other hand, benefited from the "sustained performance" of its "growth engines" - contracted production of renewable and thermal electricity and infrastructure activities in particular -, its "Lean 2018" savings program and commissioning. of assets in Latin America.

The group pointed out that, in the context of its 15 billion euros disposal plan for the 2016-2018 period, its target was reached at 83% so far, notably following the agreement with Total.

Engie's 2016-2018 plan foresees that the group will invest in activities that emit little CO2, refocus on networks (mainly gas) and propose new integrated offers, while reducing its exposure to raw material and energy prices. 'energy.

Before these announcements, the Engie share closed on a price of 14.785 euros, registering an increase close to 22% since the beginning of the year after a 25.8% drop in 2016.

[grupo guitarlumber] 08/11/2017 20:20

Total buys Engie's upstream LNG business for $1.49 billion

London (Platts)--8 Nov 2017 204 pm EST/1904 GMT

Total has bought Engie's portfolio of upstream LNG assets for $1.49 billion, the French oil and gas major said Wednesday.

The deal would boost Total's volumes to around 40 million mt/year of LNG by 2020, "making Total the second-largest global player among the majors with a worldwide market share of 10%," said Patrick Pouyanne, the company's chairman and CEO.

Engie assets acquired include participating interests in the Cameron liquefaction project in the US, long-term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe.

Additional payments of up to $550 million could be payable by Total in case of an improvement in the oil markets in the coming years, it said.

The deal accelerated Total's strategy to integrate along the full gas value chain "in an LNG market growing at 5% to 6% per year," it said.

A stake in the Cameron project would make Total an integrated player in the US LNG market, where the group was already a gas producer, Pouyanne said.

The deal, still subject to various approvals, is expected to close by mid-2018 but has an effective date of January 1, 2018. Engie's LNG operation has around 180 employees. The transaction involves:

-- 2.5 million mt/year of liquefaction capacity, bringing Total's portfolio to 23 million mt/year by 2020;

-- a 16.6% equity stake in the Cameron LNG liquefaction plant with three trains under construction in Louisiana, and the potential for two further trains; -- a 5% equity stake in the first train of the Idku LNG project in Egypt; -- a portfolio of long-term LNG purchase and sale contracts, increasing Total's portfolio to 28 million mt/yr by 2020, with diversified supply from Algeria, Nigeria, Norway, Russia, Qatar and the US, and outlets balanced between Europe and Asia;

-- access to regasification capacities of 14 million mt/year in Europe, adding to Total's 4 million mt/year, and;

-- a fleet of 10 LNG tankers which will be consolidated with the 3 LNG carriers of Total. Separately, Total and Engie are to cooperate in the use of biogas and renewable hydrogen, with Engie becoming Total's primary supplier in this field, Total said.

--Henry Edwardes-Evans, [e-mail]

--Edited by James Leech, [e-mail]

[grupo guitarlumber] 08/11/2017 18:38

French energy company Engie SA (ENGI.FR) said Wednesday that its earnings fell in the first nine months, largely due to effects related to divestments.

Earnings before interest, taxes, depreciation and amortization declined to 6.6 billion euros ($7.6 billion) in the nine months from EUR6.8 billion in the year-earlier period. On an organic basis, Ebitda was 3.8% higher, the company said. Revenues rose to EUR46.8 billion from EUR46.2 billion. On an organic basis, revenues rose 2.9%.

Engie attributed the earnings decline in part to power generation asset disposals in the U.S., as well as an Indonesian power plant divestment.

The company confirmed its 2017 financial targets, and still expects recurring after-tax income between EUR2.4 billion and EUR2.6 billion.



Write to Sarah Sloat at [e-mail]



(END) Dow Jones Newswires

November 08, 2017 13:03 ET (18:03 GMT)

[sarkasm] 07/11/2017 13:00

By Alberto Delclaux



Engie SA (ENGI.FR) said Tuesday that the Mirfa Independent Water and Power Plant in Abu Dhabi went into full operation.

Engie owns 20% of the plant and will be responsible for the delivery of operations and maintenance of the main plant for 25 years, it said. The French company already provides those services to five other plants in the United Arab Emirates.

The plant has the capacity to generate 10% of Abu Dhabi's power requirements at peak capacity, and 5% of its water generation, Engie said.



Write to Alberto Delclaux at [e-mail]



(END) Dow Jones Newswires

November 07, 2017 07:40 ET (12:40 GMT)

[the grumpy old men] 07/11/2017 05:58

08/11 | 17:45 Publication de résultats

[waldron] 03/11/2017 08:46

31/10/2017 | 6:54 p.m.
ENGIE INTERESTED IN THE PETROBRAS GAS PIPELINES ACCORDING TO SOURCES
Engie is among the twenty or so contenders interested in a controlling interest in the pipeline network of the Brazilian oil company Petroleo Brasileiro (Petrobras), according to four sources familiar with the matter.

Petrobras is expecting non-binding offers by the end of November for a first round of bids for a 90% stake in Transportadora Associada de Gás (TAG), the sources said.

Other interested parties include the Abu Dhabi public fund Mubadala Development Company, CPPIB Canadian pension fund and private equity firm EIG Global Energy Partners.

Singapore's sovereign wealth fund GIC, which last year acquired a minority stake in another gas pipeline network in Brazil, is also studying the issue according to sources.

No comment could be obtained on Tuesday from the various parties mentioned.

TAG operates some 4,500 km of pipelines in northeastern Brazil. Its sale will be one of the largest asset disposal programs expected to allow Petrobras to recover $ 21 billion (18 billion euros) over the period 2017-2018 to reduce its debt.

According to one source, Petrobras hopes to get more than the $ 5.2 billion paid last year by a consortium brokered by Brookfield Asset Management for another natural gas carrier, Nova Transportadora do Sudeste, which operates a larger network. wide in the south-east of the country.

Although the TAG network is smaller, the best prospects for economic activity and investment in Brazil could justify a higher price, the sources said.

(Tatiana Bautzer, with the contribution of Stanley Carvalho in Abu Dhabi, Véronique Tison for the French service)

[waldron] 03/11/2017 07:48

JEUDI 9 NOVEMBRE
- 08h30 Indicateurs conjoncture BDF (1ère projection PIB T4)

Avant Bourse :
- Engie ENGIE.PA / résultats du T3
- Europcar EUCAR.PA / résultats du T3
- 07h30 Air France-KLM AIRF.PA / trafic d'octobre
- 08h00 Lagardère LAGA.PA / CA du T3
- SoLocal Group LOCAL.PA / CA du T3
Après Bourse :
- Vallourec VLLP.PA / résultats du T3
- Akka Technologies AKA.PA / CA du T3
- Rubis RUBF.PA / CA du T3
Egalement :
- Arkema AKE.PA / résultats du T3
- Assystem ASY.PA / CA du T3
- Bourbon GPBN.PA / CA du T3
- Valneva VLS.PA / résultats du T3
- Pernod Ricard PERP.PA / AG