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[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

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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.

[waldron] 20/2/2018 15:01

1878/5000
The EUR 12.5 support zone currently being tested by Engie could facilitate a rebound, at least a technical one. The fundamentals of the company also militate for this scenario.

Basically, with a "business value to sales" ratio of around 0.85 for the current financial year, the company appears to be weakly valued given the visibility that its type of activity gives it. It should be noted, however, that analysts have slightly downgraded their earnings forecasts. With a profit per share for the current year estimated by the consensus at 0.99 EUR and 1.01 EUR for the next financial year, the security is paid on the basis of current prices 12.73 and 12.51 times the results.

Technically, the title has just undergone a sharp correction for several weeks. This price deterioration has led to action on EUR 12.5, which can serve as a base for a significant technical rebound. The scope of this bullish configuration is at 13.5 EUR, the first major resistance. While moving averages are still in a downtrend, over-selling of indicators may encourage renewed interest in the stock.

We will therefore be able to position itself as a buyer in the current price zone, via the infinite call-in turbo Société; Générale K442S which quotes 1.54 EUR.
This derivative has a funding level of EUR 9.67 for a deactivating barrier at EUR 10,057.
We will target 13.5 EUR or 13.9 EUR per extension, representing respective potentials of the order of 30% and 40%.
The theoretical invalidation threshold initially set at 12.1 EUR will limit the risk to 19%.
Mnemo Type Strike Barrier Deadline
K442S CALL 9.67 10.057 -
Course Obj. theoretical theoretical risk
1.54 40% -19%
>> Find all our Warrants Recommendations
Engie: A timely level of purchase

[waldron] 16/2/2018 16:20

Engie connects its 150th Belgian wind turbine to Meerhout

© Belga

The first Engie wind turbine was installed in 2001 in Kasterlee. "Seventeen years later, no less than 150 wind turbines produce local energy in 2008. In 2017, these turbines produced 574 GWh, the equivalent of the consumption of 164,000 families for one year and 261,830 tonnes of energy. CO2 that has not been released into the atmosphere, "says Engie.

The group expects more than 550 MW of wind energy by 2020.

This year, 80.5 MW will complement the energy supplier's wind farm

[la forge] 16/2/2018 14:33

Neptune Energy eyes new opportunities as completes Engie E&P buyout

London (Platts)--16 Feb 2018 711 am EST/1211 GMT

Private-equity backed upstream company Neptune Energy -- led by ex-Centrica chief Sam Laidlaw -- is open to new opportunities in the international upstream having closed on Thursday its $3.9 billion purchase of French Engie's E&P assets.

Following the completion of the Engie deal -- first announced in May last year -- Neptune is now the operator of a number of key gas assets in the European offshore, including the Gjoa field off Norway and the Cygnus field in the UK North Sea.

It is also now the leading offshore operator in the Netherlands, and will be tasked with bringing the major Touat gas field in Algeria to first production in the middle of this year and to developing the major Cara gas field in the Norwegian sector of the North Sea to production in late 2020-21.

"We have a vision to create an efficient independent E&P company of scale across diversified geographies, operating safely, and nimbly capturing new opportunities," Laidlaw said in a statement Thursday.

"We aim to [...] create a leading international independent E&P company within the next five years," Laidlaw said.

Neptune was launched in June 2015 to focus on investing in large oil and gas portfolios that may come available as a result of energy market dynamics.

It is backed by the China Investment Corporation (CIC), The Carlyle Group and CVC.

Most of Engie's upstream portfolio is focused on the North Sea, across Norway, the UK and the Netherlands, but it also has assets in Germany, Brazil, Indonesia, Australia, Libya and Egypt.

Neptune now has production of 154,000 b/d of oil equivalent as a result of the Engie deal.

TOUAT GAS

The only upstream asset from Engie's upstream portfolio that the company is retaining is a minority 30% stake in Touat.

Neptune is now operator with 35%, with the remaining stake held by state-owned Sonatrach.

Touat is a major part of Algeria's plans to boost its gas production in the coming years to offset declines elsewhere and to maintain market share in the key European market.

Touat brings together 10 gas fields with reserves estimated at 68.5 Bcm of gas.

The project will produce some 4.5 Bcm/year of gas, according to Engie.

The deal to sell its E&P business to Neptune was a major step toward Engie's previously announced "energy transition" into a greener energy major in Europe.

It had flagged the sale of its upstream arm repeatedly over the past few years, with its then CEO Maria Moraeus Hanssen telling S&P Global Platts in 2016 that all options were open, including the sale of the entire business.

At the time of the Neptune deal announcement in May, Engie CEO Isabelle Kocher said the transaction was in line with Engie's strategy to be "leader of the energy transition in the world, notably by focusing on low carbon generation and reducing our exposure to commodity prices."

--Stuart Elliott, [e-mail]

--Edited by Maurice Geller, [e-mail]

[waldron] 15/2/2018 19:17

North Sea
Neptune completes £4bn Engie swoop

Written by Keith Findlay - 15/02/2018 6:40 pm

Neptune executive chairman Sam Laidlaw
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Neptune Energy Group said tonight it had completed a near-£4billion swoop for oil and gas exploration and production (E&P) assets in the UK North Sea and elsewhere in the world.

The firm has acquired the oil and gas exploration and production interests of French energy giant Engie.

As a result, it is now an international independent E&P company with assets in the North Sea, north Africa and south-east Asia that produced 154,000 net barrels of oil equivalent per day in 2017.

Neptune is backed by private-equity firms Carlyle Group and CVC Capital Partners, giving it plenty of juice for further acquisitions. It is also supported by a Chinese sovereign investor.
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The North Sea newcomer’s chairman is Sam Laidlaw, a former boss at Scottish Gas owner Centrica.

Its chief executive is Jim House, who was managing director of Apache’s North Sea operation for many years.

Welcoming completion of a deal first announced last May, Mr House said: “I am extremely pleased to officially welcome the EPI (Exploration and Production International) business and its dedicated employees to the Neptune family.

“The business is driven by a dynamic organisation of more than 1,800 staff working across exploration, appraisal, development and production, all of whom are critical to the future growth and success of Neptune Energy.

“I very much look forward to working with our new colleagues, as well as industry partners and other stakeholders as we execute on our ambitions.”

Mr Laidlaw said the “significant achievement” was the result of three year’s work and marked a new beginning for Neptune.

The chairman added: “We aim to generate long term sustained value for the countries in which we operate, our employees and for our investors in order to create a leading international independent E&P company within the next five years.”

As a result of the deal, which included nearly £1billion-worth of decommissioning liabilities, Neptune is the new operator for the Cygnus and Juliet gas fields in the southern North Sea.

It also has interests in the central North Sea and west of Shetland.

[waldron] 15/2/2018 18:59

Home > News > Neptune Energy completes acquisition of Engie E&P
Neptune Energy completes acquisition of Engie E&P
2/15/2018

LONDON -- Neptune Energy Group has announced the completion of the acquisition of Engie E&P International SA (EPI). The transaction sees Neptune become an international independent E&P company across the North Sea, North Africa and Southeast Asia, producing 154,000 net boed in 2017.

Neptune’s new global platform offers a sustainable asset base throughout the E&P value chain, a good balance of oil and gas and with low operating costs. The North Sea region benefits from a strong operating base in strategic assets such as Cygnus in the UK and Gjøa in Norway, while Neptune is the leading offshore operator in the Netherlands. North Africa and Southeast Asia provide near-term gas volume growth into strengthening markets while Germany offers a strong, long-life oil production base.

[sarkasm] 14/2/2018 10:08

2579/5000
PARIS (Agefi-Dow Jones) - Jean-Pierre Clamadieu will take over the chairmanship of the Engie Board of Directors at the General Meeting of May 18th, replacing Gérard Mestrallet, who has reached the age limit. Backed by the state, the largest shareholder of Engie, the appointment of the CEO of Solvay was approved Tuesday by the board of directors who "made the decision to appoint honorary president Gerard Mestrallet in recognition of 23 years that he devoted to the construction of the group ".


For its part, the Belgian chemicals group announced the acceleration of the succession of Jean-Pierre Clamadieu.


If the succession of Gérard Mestrallet has created tensions with its general director, Isabelle Kocher, the arrival of Jean-Pierre Clamadieu is well received. It "ticks almost all the boxes", approve the analysts of Bryan Garnier: it already knows Isabelle Kocher; it is close to the Belgian government, which could benefit relations between the group's Belgian subsidiary and local authorities regarding the future of Engie's nuclear power plants in the country; Finally, Jean-Pierre Clamadieu is a good connoisseur of energy and sustainable development issues and has orchestrated a transformation at Solvay similar to that undertaken by Isabelle Kocher within Engie.


But his appointment raises questions. Operational at Solvay, will Jean-Pierre Clamadieu be satisfied with a non-executive seat at Engie? Will his arrival lead to a change in strategy? According to several analysts, the question of Engie's 32% stake in Suez capital will eventually arise.


Gérard Mestrallet will turn 70 on April 1, 2019 and, barring an amendment to Suez's articles of association, he will be struck by the age limit imposed on the Chairman of the Board of Directors. Gérard Mestrallet has always defended the teams of the two groups, formerly united under one roof. Raymond James analysts expect "2019 to open a new era". Those of RBC believe that Engie has an interest in selling its share, "the warning issued by Suez in January showed the risk of holding a significant stake in a non-strategic business."


Engie could thus redeploy the 2.5 billion euros it would recover to its priority businesses, renewable energies and services.




-Olivier Pinaud, The Agefi ed: VLV




Agefi owns Agefi-Dow Jones.




(END) Dow Jones Newswires


February 14, 2018 04:05 ET (09:05 GMT)

[grupo] 13/2/2018 09:21

BFM BUSINESS Energy and Climate Business

Jean-Pierre Clamadieu, a weight president at Engie
02/13/2018 at 6:11 am

Newsletter BFM Business

Jean-Pierre Clamadieu currently heads the French-Belgian chemist Solvay.

Jean-Pierre Clamadieu currently heads the French-Belgian chemist Solvay. - Lionel Bonaventure - AFP
The boss of Solvay must be appointed on Tuesday to succeed Gérard Mestrallet. An undeniable choice for this recognized boss, but which does not satisfy the general manager Isabelle Kocher.

After several weeks of negotiations, the games are made. Jean-Pierre Clamadieu will become the next president of Engie, replacing Gérard Mestrallet, whose term expires next May. The current CEO of the French-Belgian chemist Solvay had been a favorite for a fortnight as revealed by BFM Business.

The group's board of directors is meeting on Tuesday to endorse his appointment as a director. He will then be elected president at the general assembly on May 18th.
PUBLICITY

In recent weeks, a list of four contenders had been proposed by Engie's Appointments Committee. The general director, Isabelle Kocher, had wished to give her opinion on the choice of the future president, arguing that she should work with him. She seems to have fought against the candidacy of Jean-Pierre Clamadieu in recent weeks, preferring a less experienced president who would have weighed less on the strategy of the group.


In recent months, she has continued to campaign to become CEO while the State, 24% shareholder, had denied him this position for almost a year), preferring to split the functions of CEO and non-CEO -executive.

But the executive director continued to play her all. To the point of annoying the chair of the nominating committee, Francoise Malrieu. "There has been angry email exchanges, says a source close, she reframed Isabelle Kocher. The current president, Gérard Mestrallet was also opposed. "He said privately that he would do anything to stop him from being CEO," said one of his relatives.

The choice of Jean-Pierre Clamadieu is both indisputable and bad news for the boss of Engie. He has been managing the former Rhodia since 2003, and after having straightened it, married him to the Belgian Solvay. He knows the world of industry and energy well, the chemist Solvay is also a major customer Engie. For the past four years, he has been quoted every time as a contender for the management of EDF, then of Areva, and finally of Engie.


Barely named, many fear tense relations between Isabelle Kocher and Jean-Pierre Clamadieu. In 2015, their first conflict took place. At the time, the state wanted to propel Engie director. Clamadieu was well acquainted with the gas boss to attend Axa's board of directors and they appreciated each other. But the director general of Engie saw her arrival as a threat. "She called him and firmly asked not to become a director," say several sources. "Aggressively and without putting the forms".

This episode, little known, illustrates the atmosphere within the future governance of Engie. The shadow of the Elysée, suspicious and annoyed by the activism of Isabelle Kocher, hovers heavily on the choice of Jean-Pierre Clamadieu. "It's a slap for her, a disavowal" summarizes a good connoisseur of the group.

When he was Minister of the Economy, Emmanuel Macron was opposed to his appointment as Director General in 2016. "He did not trust him, justifies one of his relatives at the time. find a replacement ". But he had then lost his arbitration with the Minister of Ecology, Ségolène Royal.

After two years of war between Isabelle Kocher and its president Gérard Mestrallet, the state still does not leave the hands free to the general director of Engie.
Matthieu Pechberty

[grupo guitarlumber] 12/2/2018 11:20

Engie Eur1 (EU:GSZ)
Intraday Stock Chart

Today : Monday 12 February 2018
Click Here for more Engie Eur1 Charts.

--Engie (ENGI.FR) is holding an extraordinary board of directors meeting Tuesday to choose a new chairman to replace Gerard Mestrallet, French newspaper Les Echos reports citing several sources.

--Mr. Mestrallet must leave his role due to an age limit--he is 68--at the next shareholders meeting on May 18, the newspaper reports.

--According to Les Echos, Jean-Pierre Clamadieu, chief executive at Solvay, is the most frequently cited replacement. Fabrice Bregier, independent director of Engie and whose departure from Airbus was announced in December, and Frederic Lemoine, who just left the investment company Wendel, are other names cited by sources, Les Echos reports.



Full story:



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

February 12, 2018 05:26 ET (10:26 GMT)

[the_alchemist] 12/2/2018 09:27

yes good to get multiple income streams
I await update on micro storage with great interest

[jimkbo] 12/2/2018 09:16

RNS today regarding a new short term loan and affirmation of this strategy. No news yet on micro self storage, bated breath...

[waldron] 12/2/2018 09:00

08
Mar
2018

Annual results 2017
15
May
2018

Q1 2018 Results
18
May
2018

Combined Ordinary and Extraordinary Shareholders’ Meeting
27
Jul
2018

H1 2018 Results

[the grumpy old men] 08/2/2018 16:00

Partager
Engie has acquired an Ontario-based company specializing in power systems.

PBW High Voltage, which is currently in its 22nd year of operation, will remain an autonomous entity within the Engie Services group and will expand its current activities with the group’s support. It will move its operations to the Engie facilities in Mississauga thus year.

PBW High Voltage specializes in the design and construction of medium- and high-voltage substations and distribution systems for industrial, commercial and institutional customers. It joins Engie Services - a provider of energy efficiency, facility management and outsourcing services and Engie MultiTech, a multi-trade contractor that provides mechanical, electrical and data cabling services.

PBW High Voltage president Mike Penny said: "Joining the Engie team is a great opportunity for our staff and for expansion in the Canadian market. This combination will allow us to bring new products and services to our current and future customers."

Engie Services president and CEO Jean-Luc Billiani said: “The strategic and commercial fit between the two companies and their respective networks represents an opportunity for continued growth.”

Engie MultiTech CEO Louie Cosolo added: “PBW will be working directly with us and will complement our electrical division. They will add to our strengths and opportunity for growth as we focus on the transportation and rail markets in Ontario, as well as other markets such as data centres.”

[waldron] 08/2/2018 09:20

ECITB role for Engie Fabricom director
8 Feb 2018 Yorkshire Business
ECITB role for Engie Fabricom director

The strategic development director at ENGIE Fabricom has been named as the new regional chairman for Yorkshire and Humberside at the ECITB (Engineering, Construction Industry Training Board).

The ECITB is the statutory skills body for the engineering construction industry in the UK. It works closely with employers and government to attract, develop and qualify engineering construction personnel in a wide range of craft, technical and professional skills and disciplines.

As regional chairman, Andrew Mitchell will support the work of the organisation within the region, and help shape the skills agenda for the wider industry.

Mitchell also represents ENGIE Fabricom as a board director of CATCH, a council member of the ECIA (Engineering, Construction Industry Association), and as nominated representative with the EIC (Energy Industries Council).

He said: "It is a real honour to gain this appointment and having started my career as an ECITB apprentice I am very passionate about training for the future of our industry. The continued success and growth of our organisation will not happen without training and development of our people.

"This appointment will also greatly aid my day job providing the opportunity to further develop relationships with key stakeholders, clients and competitors."

[waldron] 07/2/2018 16:41

ENGIE Acquires Leading Ontario Power System Specialist, PBW High Voltage
Partager
Print
February 07, 2018 11:17 ET | Source: Engie Services Inc
multilang-release

TORONTO, Feb. 07, 2018 (GLOBE NEWSWIRE) -- ENGIE Services Inc. today announced it has acquired PBW High Voltage Ltd, an Ontario-based power system specialist. This transaction brings together two highly respected and long-standing companies as PBW is currently in its 22nd year of operation. ENGIE Services welcomes PBW employees and looks forward to their continuing commitment to the business and their customers. The combined expertise is expected to greatly benefit the customers of both companies. PBW will remain an autonomous entity within the ENGIE Services group and will expand its current activities with the group’s support. They will be moving their operations to the ENGIE facilities in Mississauga in 2018.

"We are delighted to have PBW join the ENGIE Services family," Jean-Luc Billiani, ENGIE Services Inc. President and CEO stated. "The strategic and commercial fit between the two companies and their respective networks represents an opportunity for continued growth. PBW’s reputation for providing excellent service fits ENGIE’s mission, and I know it will be a great partnership."

“PBW will be working directly with us and will complement our electrical division,” Louie Cosolo, ENGIE MultiTech CEO affirmed. “They will add to our strengths and opportunity for growth as we focus on the transportation and rail markets in Ontario, as well as other markets such as data centres.”

Mike Penny, President of PBW High Voltage Ltd Inc., added, "Joining the ENGIE team is a great opportunity for our staff and for expansion in the Canadian market. This combination will allow us to bring new products and services to our current and future customers."

About ENGIE Services and ENGIE MultiTech

ENGIE Services Inc. is a provider of energy efficiency, facility management services and outsourcing for companies and communities. ENGIE MultiTech is a multi-trade contractor that provides mechanical, electrical and data cabling services. Our experts design, develop and manage tailored, smart and sustainable solutions for our customers’ benefit from hospitals, airports to office parks and industrial sites.

ENGIE Services and ENGIE MultiTech are part of ENGIE in North America, which manages a range of energy businesses in the U.S. and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG), distribution and sales, retail energy sales and energy optimization services, facility management and mechanical and electrical construction. ENGIE (formerly GDF SUEZ) employs more than 153K people worldwide and achieved revenues of CAN $94.8 billion in 2016.

About PBW High Voltage Ltd.

PBW High Voltage Ltd specializes in design and construction of medium and high voltage substations and distribution systems for industrial, commercial and institutional customers. They design and build medium and high voltage electrical solutions as well as underground infrastructure, foundations and associated civil work to assist customers with complex technical requirements. PBW has been identified as a key partner to provide substation and catenary work for rail projects in Ontario as well as high and low voltage temporary power solutions to construction sites.

CONTACT:

Marie-Claude Cabana
Senior Marketing and Communications Advisor
[e-mail]
1 877 455-8780, ext. 2554