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ENGI Energiser Investments Plc

0.65
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Energiser Investments Plc LSE:ENGI London Ordinary Share GB00B06CZD75 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.65 0.60 0.70 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Energiser Investments Share Discussion Threads

Showing 3001 to 3018 of 3150 messages
Chat Pages: 126  125  124  123  122  121  120  119  118  117  116  115  Older
DateSubjectAuthorDiscuss
10/6/2023
09:04
slowly trending up but needs to break thru Resistance

[France] ENGIE (ENGI)

Euronext Paris - 16:35:08 09/06/2023 BST


14.23 EUR +0.32%

adrian j boris
05/6/2023
09:51
LIKE MANY SHARES, ONE IS EXPECTING A GAP UP
waldron
03/6/2023
20:02
Upcoming events on ENGIE

July/28/2023 | 07:15am Interim 2023 Earnings Release

the grumpy old men
27/5/2023
17:36
what a potential dangerous downtrend
sarkasm
20/5/2023
05:44
Engie reports encouraging quarterly results, marked by a clear improvement in margins, satisfactory cash generation and slight deleveraging.

The push in renewables continues with 5.5GW of capacity under construction. With the exception of two mega-projects in Egypt and Scotland, this deployment is scattered in dozens of small projects: this will a priori result in lower economies of scale.

Engie has already installed 38GW of renewable capacity, and plans to reach 80GW by the end of the decade. This is less ambitious than TotalEnergies' target of 100GW of renewable capacity by the end of the decade, but the group does not have a lucrative hydrocarbon portfolio to help finance its transition.

Engie has on the whole handled the energy crisis and the Russian problem remarkably well, unlike, for example, its counterparts across the Rhine. It still has to deal with the nuclear issue in Belgium and the financial leverage - its eternal thorn in the side.

This is what it will take to restore Engie's reputation in the long term. The share price in spring 2023 is exactly where it was in spring 2013. The operations generate cash, but not enough to finance investments and the distribution of generous dividends, while the margin profile has largely deteriorated.

The result over the last two decades has been a critical increase in debt, which is necessarily long and painful to bring under control. The economic debt - financial debt plus various provisions, for example linked to decommissioning - has reached €37 billion, i.e. more than fifteen times the free cash flow achieved in 2022.

Its average cost is already starting to rise under the effect of the rise in interest rates, from 2.73% to 3.95% over the last three months.

the grumpy old men
18/5/2023
07:10
Engie seeks new hydrogen projects in the UAE, Saudi Arabia and Oman


French energy company aiming for 4 gigawatts of green hydrogen capacity globally and more than 100 refuelling stations by 2030, executive says




Fareed Rahman
May 18, 2023


France’s Engie is keen to start new hydrogen projects in Saudi Arabia, the UAE and Oman as it aims for 4 gigawatts of green hydrogen capacity globally by 2030 amid energy transition strategies to cut emissions, a senior executive has said.

The Paris and Brussels-listed company has new projects planned in Asia, the Middle East, Africa and Europe, Stephan Gobert, Engie's senior vice president of hydrogen for Asia, Middle East and Africa, told The National in an exclusive interview.

“The Middle East region and specifically the GCC [Gulf Co-operation Council] is offering great potential … that's why we established the strategic alliance with Masdar and are studying a project at the moment in Ruwais for Fertiglobe,” he said.

“We hope to close the financial decision by the end of this year.”

Last year, Fertiglobe, the Abu Dhabi-based chemicals joint venture of energy major Adnoc and Netherlands-listed OCI, signed an agreement with Masdar as well as France’s Engie to co-develop a green hydrogen facility in the UAE for the production of ammonia.

As part of the agreement, the three companies will study the development, design, financing, procurement, construction, operation and maintenance of an industrial-scale and globally cost-competitive green hydrogen facility in Al Ruwais.

It will have a potential capacity of up to 200 megawatts and be operational by 2025, with Fertiglobe as the sole long term off-taker, the companies said at the time.

In 2021, Engie and Masdar also announced a $5 billion partnership to develop the UAE’s hydrogen economy as well as develop new projects throughout the region with a capacity of at least 2 gigawatts by 2030.

“We truly believe that there is a great future for hydrogen,” Mr Gobert said.

“The demand will be very high especially in the countries where they have strong targets to decarbonise, which is the case for Japan, Korea, the European Union and the US. There is a great potential and that's why we set ourselves a target by 2030.”


Hydrogen, which can be produced using renewable energy (green hydrogen) and natural gas (blue hydrogen), is expected to play a key role in the coming years as economies and industries transition to a low-carbon world to mitigate climate change.

French investment bank Natixis estimates that investment in hydrogen will exceed $300 billion by 2030.

Ambitious net zero targets announced by countries is also boosting demand for hydrogen. The US as well as the EU aim to reach net zero by 2050.

Governments are pressuring companies and industries to decarbonise their operations and there are obligations from banks to follow ESG (environmental, social and governance) key performance indicators while lending, which will boost demand for hydrogen, Mr Gobert added.

“There are also other sectors that are transforming to reduce emissions … power generation and transport … because they are preparing for the moment which is already happening in Europe where you will have to pay for your carbon dioxide emissions. That's the carbon tax, which will have a huge impact on the balance sheet of those companies.”



A carbon tax is a type of penalty that businesses will have to pay for excessive greenhouse gas emissions. The tax is usually levied per tonne of greenhouse gas emitted.

The company also has other targets, which is to reach more than 100 refuelling hydrogen stations globally in the next seven years and to build about 700km of dedicated pipelines and storage capacity to boost hydrogen infrastructure.

Engie currently has about 30 hydrogen refuelling stations in Europe with another 20 being installed.


“There is a good chance for the Middle East countries to export towards the European Union as well as South Korea, Japan and other countries,” Mr Gobert said, adding that the EU does not have enough capacity to install new renewables to produce hydrogen because the installed renewables are already feeding the grid.

“That is where we see there is a good chance for the Middle East to export towards the European Union, because here you still have land as well as good and affordable renewables.”

The UAE as well as other countries in the region are boosting investments in renewables as countries move to lower carbon economies.

The Arab world’s second largest economy is investing Dh600 billion ($163.5 billion) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

The country is building the world’s largest solar plant in the Al Dhafra region of Abu Dhabi with a capacity of 2 gigawatts, as well as the Mohammed bin Rashid Solar Park in Dubai with a 5-gigawatt capacity.

Egypt, Saudi Arabia, Morocco, Jordan and Oman are also increasing investments in clean energy projects.

The UAE aims to be among the top 10 hydrogen-producing countries globally and plans to capture 25 per cent of the low carbon hydrogen key markets amid rising demand for the fuel, Sharif Al Olama, the ministry's undersecretary for energy and petroleum affairs, told the Abu Dhabi Sustainability Week in January.

The cost of producing of hydrogen is going down with OEM manufacturers of technology like electrolysers (for producing hydrogen) reducing price amid higher demand, Mr Gobert said.

The cost of renewable energy for the production of hydrogen is also dropping, making its production cheaper, he said.

Engie is a global player in low-carbon energy and services with operations in 31 countries. The company reported a net revenue of €29.2 billion ($32 billion) in the first quarter of 2023, up 14 per cent compared with the same period last year.


Updated: May 18, 2023, 5:00 AM

waldron
17/5/2023
17:47
Engie JV reaches financial close for Abu Dhabi's road lighting project



ABU DHABI, 2 hours, 42 minutes ago


Abu Dhabi Investment Office said it has achieved the financial close with Nojoom, a joint venture between French multinational utility companies EDF and Engie, for the implementation of its key LED road lighting PPP project in the UAE capital.

The project, being implemented in collaboration with the Department of Municipalities and Transport (DMT), is part of the wider Abu Dhabi Road Lighting Programme, said ADIO in a statement.

The scope of work for Nojoom includes the finance, supply, installation, operation and maintenance of 133,473 LED energy-efficient luminaires across the emirate.

On completion, the PPP project will result in significant electricity savings of almost 2,400 million kWh, equivalent to a reduction of approximately 74% in power consumption, over the 12-year concession period.

With financial close reached between the parties, work will now commence, it stated.

Lauding EDF and Engie on reaching financial close, ADIO Acting Director General Engineer Abdulla Abdul Aziz AlShamsi said: "It will begin delivering significant energy reductions across Abu Dhabi’s Road lighting during the UAE's Year of Sustainability and ahead of hosting COP28."

"Abu Dhabi continues to effectively utilise our advanced PPP framework to deliver key infrastructure projects," he stated.

DMT too played a critical role in the selection process of the winning consortium for the Road Lighting LED PPP project. After a thorough evaluation of the proposals submitted by pre-qualified bidders, EDF and Engie signed a partnership agreement with the DMT to deliver the project.

The project was procured in accordance with Abu Dhabi's PPP Law and ADIO's Partnership Projects Guidebook and Environmental, Social and Governance (ESG) Policy.

EDF and Engie signed a partnership agreement with DMT after a thorough three-stage evaluation of the proposals submitted by pre-qualified bidders. The selected consortium will deliver the project over five phases covering smaller geographical zones across Abu Dhabi to ensure the highest efficiency and sustainability standards.

Salem Al Kaabi, Director General of Operational Affairs at the Department of Municipalities and Transport said: “The project is an excellent example of our commitment to collaborating with private entities to deliver high-quality infrastructure projects in Abu Dhabi.”

“The Road Lighting LED PPP project highlights DMT's adherence to the highest standards of governance, social responsibility, and environmental sustainability," noted Al Kaabi.

The project's successful implementation will not only result in significant energy savings but also contribute to the UAE's Net Zero 2050 strategic initiative, further reinforcing DMT's commitment towards sustainable development”,he added.-TradeArabia News Service

adrian j boris
15/5/2023
15:15
Saint-Gobain and ENGIE Romania start the construction of the largest on-site photovoltaic park in Romania


Petre Barac Posted On May 15, 2023



Saint-Gobain and ENGIE Romania announce the start of the construction of the largest on-site photovoltaic park in Romania. Located on the land of the Saint-Gobain glass factory in Calarasi, on an area of 14 hectares, the photovoltaic panel system will be intended for the production of renewable energy within the industrial site, the resulting production will be used 100 percent for self-consumption.

With an installed capacity of 8.6 MWp, the park will consist of 15,760 photovoltaic panel modules. The photovoltaic panels mounted on the ground will provide an important part of the electricity needs of the glass factory in Calarasi.

“We are delighted to meet the decarbonisation needs of our partner Saint-Gobain and thank them for their trust in implementing this key project. Decentralized energy production solutions are increasingly becoming a necessity for businesses that want to stay competitive by reducing energy costs, but also sustainable by limiting CO2 emissions.” said Nicolas Richard, Vice President of ENGIE Romania, Responsible for the Energy Solutions Division.

“The start of the construction works of the photovoltaic park at the Saint-Gobain factory in Calarasi represents a reference moment in the course of Saint-Gobain Romania towards achieving the objective of “zero CO2 emissions” and we are honored to have a reliable partner in the development of this project scope, such as ENGIE. We prioritize environmentally friendly energy sources, in parallel with the permanent streamlining of production processes to reduce carbon emissions and energy consumption. Our efforts are also geared towards the circular economy by increasing the recycled content of the products and packaging we use, in addition to sustainable solutions for energy efficient buildings – all with the aim of drastically reducing carbon emissions and resource consumption non-renewables and to create a greener future,” said Ovidiu Pascutiu, CEO of Saint-Gobain Romania.”

waldron
15/5/2023
09:08
[France] ENGIE (ENGI)


Euronext Paris - 10:06:46 15/05/2023


14.88 EUR +0.11%

grupo guitarlumber
15/5/2023
08:08
Vintage Energy Ltd (ASX:VEN) First Gas Supply Contract for Odin
05/15/2023 | 02:27am BST


Melbourne, Australia, May 15, 2023 - (ABN Newswire) - Vintage Energy Ltd (ASX:VEN), 50% interest holder and Operator of the PRL 211 Joint Venture ("the joint venture", other interest holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%) announces the securing of the first gas supply contract for the Odin gas field located in the Cooper Basin.



The joint venture interest holders have contracted with Pelican Point Power Limited, a joint venture between ENGIE Australia and New Zealand (72%)

and Mitsui & Co Ltd (28%), to supply gas from Odin from field start-up until 31 December 2024, the maximum period permissible for contracting under the existing interim ACCC authorisation for Odin.

Pelican Point Power Station is a 497 MW combined cycle gas power plant in South Australia operated by ENGIE and Mitusi.


The plant is regarded as a critical infrastructure asset for energy security and system stability in South Australia

The agreement provides Pelican with all of Odin's gas production over the contract term with commercial terms that encourage field appraisal and production expansion.

The contract has been secured less than 5 months after the joint venture resolved to accelerate connection of the Odin-1 gas well in South Australia so gas from the field could be supplied to eastern Australia at the earliest opportunity.

Work on the accelerated connection, involving a 1.4 km spur to the existing Vali-Beckler pipeline, is advancing on schedule and budget for first flows in the coming September quarter.

The Vali gas field and facilities are owned by the ATP 2021 joint venture which has an identical composition to the PRL 211 joint venture. The contract has been signed approximately two months after gas from the nearby Vali gas field started flowing to eastern Australia under a gas supply agreement with AGL.

Comment

Vintage Managing Director, Neil Gibbins, said "we are delighted to have secured this agreement. ENGIE are a major energy provider to eastern Australia and their commitment in becoming the inaugural customer for Odin gas enables a new field to be brought online into the eastern Australia energy network.

"This agreement expands our production and revenue generating footprint and provides an attractive commercial footing for addressing the promising appraisal opportunities we have identified on the field."

The GSA provides for interruptible supply of all gas produced from the Odin gas field to ENGIE for a period of up to 17 months.

Customer engagement on Odin gas was conducted following granting of an interim authorisation earlier this year. The joint venture has applied for authorisation to contract supply of gas for longer periods.

"The Odin experience has highlighted the eagerness of gas users to secure the supply they need. At Vali and Odin we have uncontracted gas we expect will be supplying eastern Australia for many years" said Mr Gibbins.

"It is clear these resources are valued by gas users, as are the appraisal and exploration opportunities we have identified around the Vali-Odin hub".

Odin will become Vintage's second producing field when it comes online with gas produced from the field joining that from Vali in the 14 km Vali-Beckler pipeline through which it is transported by the South Australian Cooper Basin Joint Venture to the Moomba facility for processing and sale. The accelerated connection of the Odin gas field will enable supply whilst a long-term connection, involving tieback to the Vali facilities, is installed.

The Odin gas field was discovered by the joint venture in 2021. Odin-1 confirmed gas pay in the Toolachee, Epsilon and Patchawarra formations and delivered a stable gas flow rate of 6.5 MMscfd from the Epsilon and Toolachee formations. The well was completed as a Toolachee and Epsilon gas producer as part of the Vali well completion campaign conducted in July - August 2022.

The field has independently certified Contingent Resources (2C) of 40 PJ (Vintage Energy share 19 PJ).


About Vintage Energy Ltd:

Vintage Energy Ltd (ASX:VEN) has been established to acquire, explore and develop energy assets principally within, but not limited to, Australia, to take advantage of a generally favourable energy pricing outlook.

adrian j boris
14/5/2023
21:38
Consensus

Mean consensus BUY

Number of Analysts 16

Last Close Price 14,87 €

Average target price 17,31 €
Spread / Average Target 16,4%

High Price Target 20,10 €
Spread / Highest target 35,2%

Low Price Target 15,20 €
Spread / Lowest Target 2,23%

waldron
13/5/2023
07:34
ENGIE : Buy rating from Deutsche Bank
05/12/2023 | 12:42pm BST


James Brand from Deutsche Bank retains his positive opinion on the stock with a Buy rating.


Previously set at EUR 16.50, the target price has been raised to EUR 17.

grupo guitarlumber
11/5/2023
11:50
Shanghai-based green technology company Envision Energy on Wednesday announced it will be shipping 60 MW of wind turbines for a project in Morocco co-owned by local energy firm Nareva and France’s Engie SA (EPA:ENGI).

Envision will supply machines of the EN171-5MW type for a wind farm in Dakhla that will be powering a large seawater desalination project under the Moroccan government.

Nareva and Engie are co-developing the project through a joint venture called Dakhla Water & Energy Company (DAWEC).

According to Didier Beaumont, sales director of Envision Energy, this order marks the company’s entry into the Moroccan market.


newsletter by Renewables Now.

misca2
11/5/2023
08:08
ENGIE Q1 EBIT Ex. Nuclear Up 28.8% On Organic Basis; Revenue Up 14.2%
By RTTNews Staff Writer ✉ | Published: 5/11/2023 2:19 AM ET

ENGIE (ENGQF.PK,ENGIY.PK) reported that its first quarter EBITDA was at 5.4 billion euros, up 16.9% on a gross basis and up 16.2% on an organic basis. EBITDA ex. Nuclear was at 4.8 billion euros, up 22.8% on a gross basis and up 21.9% on an organic basis. EBIT ex. Nuclear was at 3.8 billion euros, up 29.8% on a gross basis and up 28.8% on an organic basis.

First quarter revenue was at 29.2 billion euros, up 14.0% on a gross basis and 14.2% on an organic basis.

Net financial debt stood at 22.6 billion euros, down 1.4 billion euros compared to 31 December 2022.




ENGIE stated that its fiscal 2023 guidance is maintained. The Net Recurring Income group share is expected to be in the upper end of the range of 3.4 to 4.0 billion euros. EBIT excluding Nuclear is expected to be in the top end of the indicative range of 6.6 to 7.6 billion euros.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

For comments and feedback contact: editorial@rttnews.com

ariane
10/5/2023
15:04
Upcoming events on ENGIE



May/11/23 | 07:15am Q1 2023 Earnings Release

May/11/23 | 09:00am Q1 2023 Earnings Call

the grumpy old men
09/5/2023
08:48
[France] ENGIE (ENGI)

Euronext Paris - 09:47:41 09/05/2023


14.67 EUR +0.01%

Heres hoping for a trend up

ariane
08/5/2023
14:49
others think it might be worth 70 to 80pc more
gibbs1
08/5/2023
14:48
Consensus

Mean consensus BUY

Number of Analysts 16
Last Close Price 14,55 €

Average target price 17,19 €
Spread / Average Target 18,1%

High Price Target 20,00 €
Spread / Highest target 37,4%

Low Price Target 14,30 €
Spread / Lowest Target -1,75%

gibbs1
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