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[waldron] 08/3/2018 08:18

Engie Turns To Profit In FY17; Announces Higher Dividend For FY18 - Quick Facts
3/8/2018 2:24 AM ET

Engie, formerly called GDF Suez, (GDSZF.PK,GDFZY.PK), a natural gas and electricity supplier, reported that its net income Group share for fiscal year 2017 was 1.4 billion euros, compared to net loss of 0.4 billion euros last year.

Net recurring income Group share with E&P underlying contribution rose to 2.6 billion euros from 2.5 billion euros in the prior year. It includes 0.2 billion euros of net recurring income Group share of Engie E&P International underlying contribution and excludes 0.1 billion euros of D&A upside under IFRS 5.

Taking into account this upside, reported net recurring income, Group share amounted to 2.7 billion euros, including 0.3 billion euros related to discontinued operations.

EBITDA for the year declined 1.8 percent to 9.3 billion euros from 9.5 billion euros last year, but increased 5.3 percent on an organic basis.

Revenues for the year grew 0.3 percent to 65.0 billion euros from 64.8 billion euros last year. Organic revenue growth for the year was 1.7 percent.

Reported revenue growth was affected by changes in the scope of consolidation, or a negative impact of 583 million euros, due mainly to the disposal of the merchant power generation assets in the United States, Poland and the UK.

This was partially offset by the acquisition of Keepmoat Regeneration which designs, builds, refurbishes and regenerates residential buildings, and by a negative foreign exchange effect of 300 million euros, chiefly related to fluctuations in the pound sterling.

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For fiscal year 2017, Engie confirmed the payment of a dividend of 0.70 euros per share, payable in cash.

Looking ahead to fiscal 2018, Engie anticipates net recurring income Group share between 2.45 billion euros and 2.65 billion euros. Based on a net recurring income Group share excluding E&P and LNG of 2.36 billion euros in 2017, this target implies a gross variation of 8 percent and a strong underlying organic increase.

This outlook is based on an indicative range for EBITDA of 9.3 billion euros to 9.7 billion euros, also growing strongly organically.

For fiscal year 2018, Engie announced a new dividend policy, with the dividend increased by 7.1 percent to 0.75 euros per share, payable in cash.

by RTT Staff Writer

For comments and feedback: [e-mail]

[waldron] 08/3/2018 08:08

French utility Engie SA (ENGI.FR) said Thursday that it swung to a group net profit in 2017, helped by an overhaul that included significant disposals.

Group net profit rose to 1.4 billion euros ($1.74 billion) from a loss of about EUR400 million a year earlier. Revenues grew slightly to EUR65 billion from EUR64.8 billion. The company confirmed it would pay a 2017 dividend of EUR0.70 and plans to increase that to EUR0.75 for 2018.

"Engie has repositioned its portfolio, laying the foundations for future growth," the company said, noting EUR13.2 billion in planned disposals last year that leave it less exposed to market risks. It also made investments of around EUR13.9 billion in operations with good growth prospects, it said.

Engie expects its 2018 recurring after-tax profit--a measure that strips out restructuring costs and other impairments--to be between EUR2.45 billion and EUR2.65 billion, compared with EUR2.6 billion in 2017.



Write to Sarah Sloat at [e-mail]



(END) Dow Jones Newswires

March 08, 2018 02:39 ET (07:39 GMT)

[sarkasm] 07/3/2018 18:38

GTT: end of testing phase for LNG Brick

Jean-Noël Legalland, published on the 07/03/2018 at 18h33
GTT: end of testing phase for LNG Brick
Photo credit © GTT

(Boursier.com) - Given the growth in the use of LNG as a fuel, the maritime industry needs compact cryogenic storage solutions that are easy to implement, says GTT, which, to meet this requirement, has developed the LNG Brick technology which it announces the end of the test campaign.

This system is in the form of a block ready to be installed in the structure of the ship, including a membrane system type Mark III.

LNG Brick provides LNG fuel tank solutions for capacities between 1,000 and 3,000 m3. This technology will eventually allow the construction of the LNG Brick tank in a different location from the shipyard that will integrate it into an LNG-powered vessel. LNG Brick will also allow easier management of evaporations for small volumes thanks to an ability to hold a higher pressure than conventional diaphragm reservoirs.

GTT has awarded a prototype to Dongsung FineTec, a Korean company specializing in the production of insulation boards, used for GTT technologies. The tests, carried out in cryogenic conditions, made it possible to demonstrate "the satisfactory performances of this new system", ensures GTT.

[waldron] 05/3/2018 12:44

Total notifies Brussels of the acquisition of Engie's upstream LNG activities

Anthony Bondain, published on the 05/03/2018 at 12h30
Total notifies Brussels of the acquisition of Engie's upstream LNG activities
Photo credit © Total Media

(Boursier.com) - Total notified the European Commission on Friday, March 2, of its proposed acquisition of Engie's LNG business. The antitrust set 11 April as the deadline for the merger review. The oil major announced in November that it had signed an agreement to buy Engie's upstream LNG business for an enterprise value of $ 1.49 billion.

The portfolio includes interests in liquefaction plants, including the Cameron LNG project in the United States, long-term LNG purchase and sale agreements, a fleet of LNG tankers, and rights of way at terminals. regasification in Europe. Price supplements of up to $ 550 million would be paid by Total in the event of an improvement in the oil markets in the coming years. The finalization of this transaction should take place in mid-2018 and will have an effective date on January 1, 2018. Approximately 180 employees will be taken over by the purchaser. Total will become the second largest player in the sector among majors with 10% of the global market.

[grupo] 05/3/2018 10:48

Engie Eur1 (EU: GSZ)
Intraday Chart of the Action

Today: Monday 5 March 2018
More charts of the Engie Eur1 Stock Exchange


PARIS (Agefi-Dow Jones) - Endel Engie, a subsidiary of the Engie Group (ENGI.FR) for nuclear services and industrial maintenance, announced Monday the acquisition of French company Eras, specializing in the improvement of performance of production sites and management of industrial investments, for an unspecified amount.


"The ambition of this merger is to offer optimized management at each stage of the life of the industrial assets, as well as to carry out turnkey projects." The complementarity of Endel and Eras process engineering skills will enable them to also to develop on larger projects and to support their customers even more internationally, "said Endel Engie in a statement.




-Guillaume Bayre, Agefi-Dow Jones; 01 41 27 47 94; [e-mail] ed: VLV




(END) Dow Jones Newswires


March 05, 2018 04:16 ET (09:16 GMT)

[ariane] 03/3/2018 17:15

A rapidly shifting energy landscape being reshaped by new technologies and a revival of U.S. fossil-fuel production will dominate the agenda as the world's leading energy executives, government ministers and financiers gather in Houston next week.

Thousands of energy leaders, including the heads of Royal Dutch Shell PLC, BP PLC and Saudi Arabian Oil Co., will descend on Texas starting Monday for CERAWeek, the annual conference put on by IHS Markit Ltd. that has become a bellwether for the health of the global energy industry.

They will be joined by many of the world's top energy policy makers, notably OPEC Secretary General Mohammad Barkindo and several Trump administration officials, Energy Secretary Rick Perry and Interior Secretary Ryan Zinke.

Leaders of many other energy-related industries are also set to speak, including the chief executives of General Motors Co. and Siemens AG.

This year's gathering takes place amid a continuing recovery for oil prices, which passed $70 a barrel earlier this year for the first time since 2014, and have been over $60 for most of the year.

But concerns linger about whether the oil market is truly overcoming a glut as U.S. production continues to surge, thanks to shale drilling. For the second year running, Mr. Barkindo and U.S. shale producers are set to meet privately for dinner as they seek to learn about one another.

"The exporters, OPEC and non-OPEC, are trying to understand how this different kind of U.S. oil industry works," said Daniel Yergin, vice chairman of energy research at IHS Markit. "They're there to learn, because it's changed the nature of the oil market."

If the U.S. surges past Saudi Arabia to become the world's second-biggest oil producer behind Russia, as some forecasters predict, it could signal a fundamental change in a global pecking order that has been a basis for international energy policy for decades.

"The role of the U.S. in global energy markets has changed more dramatically than the public realizes," said Mr. Yergin, who serves as the event's master of ceremonies, co-hosting dozens of sessions on oil, natural gas, electric power and geopolitics. "It's a new form of influence for the United States in the world."

The conference will be packed with ministers from large oil and gas producers, including Norway, Kuwait, Nigeria, Canada, Mexico and the United Arab Emirates, as well as executives from Gazprom, Russia's largest gas company, and Saudi Aramco, which is in the middle of planning for an initial public offering.

A likely topic of discussion: whether top U.S. shale companies will abide by investor demands that they instill capital discipline and emphasize returns, or succumb to the allure of even more drilling at current prices. The heads of many top U.S. producers are set to speak, including Occidental Petroleum Corp., XTO Energy Inc., Pioneer Natural Resources Co. and ConocoPhillips.

Another major topic: how huge reserves of U.S. natural gas are also upending energy markets. The U.S. became a net exporter of natural gas in 2017, according to the U.S. Energy Information Administration, a trend fueled by exports to South America and Asia. Top executives from the companies at the heart of the gas export boom -- Cheniere Energy Inc., Freeport LNG Development LP, Tellurian Inc. and Venture Global LNG -- will discuss their plans.

A host of electric-power executives are set to speak as the utility industry experiences rapid changes, with coal and nuclear generation losing ground to gas, solar and wind. They include the heads of Duke Energy Corp., PG&E Corp., Exelon Corp. and Edison International.

The conference will also examine longer-term questions looming over the industry, including how digital technologies are fast changing the way companies produce oil and gas, and the differing outlooks for when electric vehicles and renewable energy will start to take a serious bite out of demand for oil and gas.

--Bradley Olson contributed to this article.

Write to Christopher M. Matthews at [e-mail]



(END) Dow Jones Newswires

March 02, 2018 21:06 ET (02:06 GMT)

[florenceorbis] 02/3/2018 14:39

Engie, CEA Sign New Agreement to Continue Nuclear R&D Partnership
02/03/2018 1:04pm
Dow Jones News

Engie Eur1 (EU:GSZ)
Intraday Stock Chart

Today : Friday 2 March 2018
Click Here for more Engie Eur1 Charts.

By Marc Bisbal Arias


Engie SA (ENGI.FR) said Friday that it has signed a new agreement with the French Alternative Energies and Atomic Energy Commission, or CEA, to continue their research and development collaboration in nuclear energy.

The agreement is for two years and extends the partnership between the two entities, which started in 2007.

Both organizations commit to improve the performance and safety of reactors, clean up nuclear facilities and develop knowledge about materials, equipment and components, among other things.

"In 2018, the work will consist in finalizing studies on molecules used to improve the flexibility of operating the coolant circuits of reactors and developing new technologies for conditioning waste," the company said.

The CEA is a research, development and innovation player working in defense and security, nuclear and renewable energies, technological research for industry, as well as fundamental research, Engie said.



Write to Marc Bisbal Arias at [e-mail]



(END) Dow Jones Newswires

March 02, 2018 07:49 ET (12:49 GMT)

[waldron] 02/3/2018 08:18

A Suez / Veolia wedding would destroy value

Anthony Bondain, published on the 02/03/2018 at 07h05
A Suez / Veolia wedding would destroy value
Photo credit © Suez

(Boursier.com) - A merger between Suez and Veolia "would destroy a lot of value because it will sell a lot of assets," said the boss of Suez, Jean-Louis Chaussade, in an interview yesterday at Bloomberg TV. The fantasy of a marriage between the two French giants of the collective services regularly resurfaces. But there is no doubt that, given their respective market shares in France, any rapprochement seems doomed to the wrath of antitrust authorities. A feeling obviously shared by Chaussade, who is "not sure that politically, especially in Europe and France, this is reasonable".

The leader also worked to minimize the rumor that the departure of Gerard Mestrallet from the presidency of its main shareholder, Engie, could lead to a change in the relationship between the two companies. He explained that everyone is satisfied by the current situation, despite the bad passage through his company.

[grupo] 27/2/2018 12:18

Regulated tariffs for natural gas, applied by Engie to several million customers in France, will fall by 3% on average in March, with the fall in prices on the wholesale market, the regulator announced Tuesday.


"As of March 1, 2018, Engie's pre-tax regulated tariffs are reduced by an average of 3% compared to the scale in effect in February 2018," the Energy Regulatory Commission (CRE) said in a statement.


This decrease is 1% for those who use gas for cooking, 1.8% for those who have dual use cooking and hot water and 3% for homes that heat gas.


Since the opening of the energy market to competition, the 10.6 million French consumers subscribing to gas have the choice between the regulated tariffs of the former monopoly, and the market prices, proposed by both Engie and competitors (EDF, Direct Energie, Eni, Lampiris, etc.).


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.


Agefi-Dow Jones The financial newswires


(END) Dow Jones Newswires


February 27, 2018 05:48 ET (10:48 GMT)

[grupo] 26/2/2018 15:29

26/02/2018 | 3:32 p.m.

JPMorgan has raised its recommendation of Neutral to Overweight, with a price target unchanged at 12.50 euros, on Suez. A month after the warning of the group, the consulting firm believes that investors' expectations of its prospects are now more cautious. In addition, the results of its competitor Veolia have confirmed the recovery of the French market which is of primary importance for Suez.

The broker also anticipates favorable catalysts in the weeks and months to come: a major restructuring program that would be announced during the results, the sale of a minority stake in United Water that could crystallize value, or even a takeover bid. 'Engie.

[grupo] 26/2/2018 07:59

ENGIE: Possible return on media
TEC the 26/02/2018 at 08:27
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ENGIE: Possible return on media

SYNTHESIS

The MACD is negative, but it is above its signal line: the trend is changing. Now, the MACD must cross zero so that the rise will continue in the days to come. The main indicator of the strength of the movement (RSI) shows that the technical situation is quite healthy because there is no overbought. Stochastic indicators do not give clear signals for the coming days. Exchanged volumes are above average volumes over the past 10 days.

MOVEMENTS AND LEVELS

The title is downward. It is below its 50-day moving average at 13.91 EUR. The 20-day moving average is below the 50-day moving average. Our first support is at 12.01 EUR, then at 11.48 EUR and the resistance is at 13.57 EUR, then at 14.09 EUR.
Last course: 12.98
Support: 12.01 / 11.48
Resistance: 13.57 / 14.09
Short term opinion: positive
Medium term opinion: negative

[sarkasm] 25/2/2018 17:33

ENGIE wins Northern Ireland Housing contracts

ENGIE has reached an agreement to acquire long-term heating and building maintenance contracts with the Northern Ireland Housing Executive. The contracts were previously operated by Carillion Energy Services.

The contracts include heating maintenance services for approximately 38,000 properties, and building maintenance services for approximately 22,000 of those properties.

As part of the agreement, ENGIE will offer all employees working on these contracts a role with equivalent terms and conditions to their current position.

Completion of the transaction is subject to a formal transfer process.

Wilfrid Petrie, chief executive of ENGIE in the UK and Ireland, said: “We are delighted to be taking on these contracts and ensuring that important maintenance services will continue to be delivered to thousands of homes in Northern Ireland. Our extensive experience in providing property services will enable us to partner effectively with the Housing Executive, delivering high quality service to residents as well as guaranteeing continued employment for the employees on the contracts.”


 23 February 2018

[the grumpy old men] 25/2/2018 09:16

- 08/03/2018 00:00 : Résultats annuels

[waldron] 23/2/2018 08:34

Engie SA (ENGI.FR) subsidiary Engie Italia has signed a power-purchase agreement with brick maker Wienerberger AG (WIE.VI) for renewable energy, the companies said Thursday.

Under the agreement, Engie Italia will supply electricity for Wienerberger's four brick-production plants in Italy.

The contract will last five years, with an applied price for the full duration, the companies said.

The electricity supplied will be produced by photovoltaic farms owned by Engie Italia.

"We are proud to be the first operator in Italy to have signed a 'Green PPA' contract that virtually connects our renewable production plants to an end customer," said Olivier Jacquier, chief executive of Engie Italia.



Write to Sonia Amaral Rohter at [e-mail]



(END) Dow Jones Newswires

February 22, 2018 11:57 ET (16:57 GMT)

[grupo] 22/2/2018 15:47

Acquisition of 70% of ENGIE E&P International

Published 21 February 2018 Last Updated 21 Feb 2018 19:33

Tags Oil & Gas Asia Pacific Europe MENA

Alexandra Dockreay

Share:

Private equity-backed operators have poured billions of dollars into the North Sea upstream industry over the last 18 months. Neptune Energy’s first deal to buy out ENGIE's portfolio seals the entry of another independent, but is likely to be the last in a flurry of sales of mega-sized upstream portfolios by majors

[waldron] 20/2/2018 16:44

ENGIE ACQUIRES NORTHERN IRELAND HOUSING MAINTENANCE DEALS
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The contracts were operated by Carillion © Engie
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20 February 2018 | Herpreet Kaur Grewal

Engie has reached an agreement to acquire long-term heating and building maintenance contracts with the Northern Ireland Housing Executive.



The contracts were previously operated by Carillion Energy Services.



The works include heating maintenance services for about 38,000 homes and building maintenance on about 22,000 of those properties. As part of the agreement, Engie will offer all employees working on these contracts a role with equivalent terms and conditions to their current position. Completion of the transaction is subject to a formal transfer process.



Engie is the UK’s leading provider of regeneration services, improving buildings, places and communities through refurbishment and upgrade. It has refurbished more than 350,000 homes, delivering improvements to more than 400 communities across the UK.