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[waldron] 03/12/2019 18:56

NATURALGASWORLD



Natural Gas News
French LNG Engineers Sign Wison Deal
Dec 3, 2019 5:13:pm

Summary

The licensing will allow Wison to work on new-build LNG vessels using GTT's proprietary technology.
by: William Powell

French LNG specialist engineering firm GTT signed a technical assistance and licence agreement with Chinese shipyard Wison Offshore & Marine, it said December 3. The licence covers floating LNG units, floating storage and regasification units (FSRU), floating storage and regasification power units (FSRP) and LNG carriers that use GTT membrane solutions.

Wison is the first in the world to deliver barge-based FLNG and FSRU on a turn-key basis and obtained its GTT licence after having successfully completed a qualification process that began earlier this year.

As technology becomes more sophisticated, allowing more delivery methods, LNG will become more commoditised. GTT said the agreement will enable both partners to further expand their offer to ship owners, to target new markets, especially focusing on floating-based solutions, and to advance the development of LNG in the global supply chain.

GTT CEO Philippe Berterottiere said GTT was "very interested in developing and building together new LNG infrastructures that can provide innovative natural gas value chain solutions."

His counterpart at Wison Offshore & Marine An Wenxin said the licensing deal would "allow us to offer more actively LNG solutions with GTT's technologies in China, which is what the market is asking for."

[waldron] 03/12/2019 17:45

Brent Crude Oil NYMEX 60.87 -0.08%
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Eni
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Total
46.635 -0.95%

Engie
14.2 +1.00%

Orange
14.37 -0.07%


IAG
Price (GBX) 538.80 -0.77% (Down -4.20)


Bp
470.05 -2.43%

Vodafone
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Royal Dutch Shell A
2,161 -2.46%

Royal Dutch Shell B
2,140 -2.71%

[ariane] 03/12/2019 14:19

3/12/2019 | 2:58 p.m.

PARIS (Agefi-Dow Jones) - Suez Utilities Group announced Tuesday that it has won a contract for the management of the French city of Ouarville's energy recovery unit for eight years, representing a turnover cumulative € 109 million.

This contract was awarded to Suez by the Syndicat intercommunal pour la treatment de la valorization des déchets (SITREVA) of the commune of Ouarville, located in Eure-et-Loir.

Suez also announced Tuesday the winning of two contracts in Southeast Asia, Malaysia and Singapore, in the field of sustainable management of water resources, for a total amount of 10.8 million euros.

-Dimitri Delmond, Agefi-Dow Jones; [phone]; [e-mail] ed: JXM

Agefi-Dow Jones The financial newswire

[waldron] 03/12/2019 08:36

Paris (Agefi-Dow Jones) - Isabelle Kocher may not be reappointed for a second term at the head of the Engie energy group, said BFM Business Tuesday, quoting sources close to the case.


The appointment of Isabelle Kocher as General Manager of Engie will expire in May 2020, but according to BFM Business, the decision to renew or not the leader will be taken "at the beginning of the year", while a forthcoming The administration, scheduled for 17 December, would already be "decisive".


The site of the economic radio explains that during a previous council, two directors, the president of Safran, Ross McInnes, and the president of Palantir France and ex-head of the civil aeronautics division of Airbus, Fabrice Brégier , would have been "very critical" vis-à-vis Isabelle Kocher.


BFM Business also points to a strategic divergence. The group's board of directors, which "has been pushing for several months for a split in the gas infrastructure of the former Gaz de France," would have imposed this split project on a reluctant Isabelle Kocher. This spin-off project would be announced in the first semester, in parallel with the decision concerning the mandate of the Director General. "The two decisions are linked and will be decided quickly.This is a complex project that requires change of leadership," said a "close to the group" cited by BFM Business.


Contacted by the agency Agefi-Dow Jones, a spokesman for Engie did not comment on this information.


-Julien Marion, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO






Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires

[waldron] 02/12/2019 18:40

Engie SA will consider selling most of its 75% stake in France’s largest gas-transmission operator if the energy regulator sticks to an unsatisfactory tariff proposal currently under discussion, people familiar with the matter said.
Some of Engie’s board members and shareholders will push the company to sell as much as 50% of its holding in GRTgaz if the Commission de Regulation de l’Energie doesn’t raise its proposal for 2020 to 2023 gas-transmission tariffs, said one person, who asked not to be identified because the information is private.
Engie will consider selling that stake if GRTgaz’s return on investment becomes insufficient, another person said.
Engie chief executive officer Isabelle Kocher is under pressure to revive earnings that stagnated between 2015 and 2018. The French company may consider bringing European gas-transmission operators into GRTgaz or build partnerships with rivals from neighbouring countries to “optimise̶1; grids, Kocher has said on several occasions this year.
While tough talks between energy watchdogs and owners of regulated entities over tariffs are common, they come as Kocher is trying to convince investors that her shift away from fossil fuels and her push into clean power and energy-efficiency services is paying off. Her mandate as CEO is up for renewal next year.
In February, she warned that the group’s networks division, which mostly consists of GRTgaz and other regulated gas-distribution and storage assets in France, would see a drop in operating income by 2021 amid tariff reviews.
The network division’s current operating income, which accounted for 45% of group operating earnings in 2018, will fall to between €2bn ($2.2bn) and €2.2bn in 2021, down from €2.3bn last year, Engie said in February.
To revamp the business’s prospects, Engie took control of a giant gas pipeline company in Brazil in June. GRTgaz’s tentative talks to team up with rival operators haven’t progressed so far, one person said.
The French regulator’s proposal means that Engie’s return on GRTgaz would be lower than what investors expect from a listed company, while the regulated gas-transmission unit might still appeal to some funds and financial institutions, the people said.
In 2011, French state-owned financial institution Caisse des Depots et Consignations and CNP Assurances bought a 25% stake in GRTgaz for €1.1bn. The French government has recently passed a law that allows Engie, CDC and CNP to hold as little as 50% in the gas-transmission company.
The energy watchdog is underestimating GRTgaz’s operating costs, and wrongly assuming that Engie can permanently refinance all its debt to reflect falling interest rates, the people also said.
The Commission de Regulation de l’Energie is due to publish gas-transmission tariffs for the four years starting April 2020 in the coming weeks.

[waldron] 02/12/2019 17:31

Brent Crude Oil NYMEX 61.21 +1.19%
Gasoline NYMEX 1.59 +0.18%
Natural Gas NYMEX 2.30 +1.59%
(WTI) 56.07 USD +0.47%


FTSE 100
7,285.94 -0.82%
Dow Jones
27,843.02 -0.74%
CAC 40
5,786.74 -2.01%
SBF 120
4,558.95 -1.87%
Euro STOXX 50
3,626.66 -2.11%
DAX
12,964.68 -2.05%
Ftse Mib
22,728.59 -2.28%




Eni
13.572 -1.04%


Total
47.08 -1.18%

Engie
14.06 -2.09%

Orange
14.38 -4.13%

IAG
Price (GBX) 543.00 -1.99% (Down -11.00)



Bp
481.75 +0.32%

Vodafone
148.38 -3.25%

Royal Dutch Shell A
2,215.5 +0.20%

Royal Dutch Shell B
2,199.5 +0.46%

[florenceorbis] 02/12/2019 10:53

Engie: Morgan Stanley goes from online weighting to overweight targeting 18 EUR.

[la forge] 29/11/2019 22:18

Engie unveils investments in Brazil pipelines
Bnamericas Published: Friday, November 29, 2019
Natural Gas Distribution Tenders Licensing & Concessions Capex Privatization
Engie unveils investments in Brazil pipelines

French energy firm Engie announced it will invest between 170mn and 200mn reais (US$40-47mn) a year in its TAG gas transport unit in Brazil between 2020 and 2025.

Engie entered Brazil’s natural gas market with the US$8.6bn acquisition of Petrobras’ TAG in April. TAG's pipelines are located in Brazil’s north, northeast and southeast regions and have capacity to transport 74.6Mm3/d of natural gas.

According to TAG president Gustavo Labanca, short-term investments will be focused on structural improvements in addition to new gas delivery points to improve performance. After 2025, however, capex will fall to around 75mn reais a year.

“We believe we can bring improvements that will reduce costs,” Labanca said during an event for analysts on Friday.

Although the company expects the opening of Brazil's natural gas market to private investors will help increase demand and improve investment returns in the coming years, Engie is still facing regulatory roadblocks.

Bidders wishing to participate in Brazil’s 2020 power auctions to replace diesel-fired plants with less expensive and less polluting gas-fired units have been contacting the company to reach gas supply agreements for their projects. However, Engie is not able to close such deals since it cannot extend its pipelines. Brazilian regulations require extensions of over 15km to be awarded via public tender.

“The main demand for natural gas comes from the electric power market, so we need to align those regulations,” Labanca said.

The energy ministry has started a regulatory update that includes improved rules for the integration of the gas and electricity markets, but the first changes are not due to be implemented until the end of January 2020, while others that require legislative changes should be concluded after 2022.

[waldron] 29/11/2019 17:41

Brent Crude Oil NYMEX 60.82 -3.92%
Gasoline NYMEX 1.61 -4.69%
Natural Gas NYMEX 2.34 -5.77%
I (WTI) 55.62 USD -4.22%


FTSE 100
7,346.53 -0.94%
Dow Jones
28,081.91 -0.29%
CAC 40
5,905.17 -0.13%
SBF 120
4,645.82 -0.19%
Euro STOXX 50
3,703.58 +0.00%
DAX
13,236.38 -0.07%
Ftse Mib
23,259.33 -0.36%

Eni
13.714 -0.62%


Total
47.64 -0.73%

Engie
14.36 +0.14%

Orange
15 +0.67%

IAG
Price (GBX) 554.00 -1.49% (Down -8.40)

Bp
480.2 -1.21%

Vodafone
153.36 -0.52%

Royal Dutch Shell A
2,211 -1.29%

Royal Dutch Shell B
2,189.5 -1.53%

[the grumpy old men] 29/11/2019 11:18

BARCELONA (Agefi-Dow Jones) - The departure of Suez Chairman of the Board, Jean-Louis Chaussade, is good news for the French community services group, as it should facilitate relations with Engie and grant the General Manager greater flexibility to implement his new strategy, according to Bryan Garnier. "This should in particular facilitate the sale of Agbar," adds the financial intermediary, referring to the possible sale of Sociedad General de Aguas de Barcelona, which belongs to Suez. The Suez share gained 0.2% to 13.49 euros.


-Olivia Bugault, Dow Jones Newswires (French version Maylis Jouaret) ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


November 29, 2019 04:26 ET (09:26 GMT)

[waldron] 28/11/2019 15:24

GTT FINAL DIVIDEND NO DOUBT TO BE PAID MAY END 2020 AMOUNTING TO POSSIBLY 1.80euros

[waldron] 28/11/2019 15:08

Summary regarding GTT

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

Strengths

Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

Thanks to a sound financial situation, the firm has significant leeway for investment.

Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

Over the last twelve months, the sales forecast has been frequently revised upwards.

For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

The stock is in a well-established, long-term rising trend above the technical support level at 77.2 EUR

Weaknesses

The company's "enterprise value to sales" ratio is among the highest in the world.

[waldron] 28/11/2019 14:57

28/11/2019 at 09:31

(CercleFinance.com) - Portzamparc, the consulting firm specializing in Paris 'smidcaps', remains to 'HOLD' on the GTT file after the group specializing in the design of gas storage systems has again announced orders. The target is still 89.2 euros.

The group announced yesterday the order for the design of tanks for three LNG carriers that will be delivered between the end of 2021 and mid-2022.

[grupo] 28/11/2019 09:52

28/11/2019 | 10:41
Analyst Oddo BHF confirms on Thursday its recommendation 'purchase' on the title GTT, enjoying new LNG tank orders for LNG carriers, allowing the group to move, in terms of orders, 'to the record of 2018'.

'The valuation of the group is still attractive (11.3x in EV / EBITDA 2020) especially if the results profile 2021 and 2022 is expected to be revised upwards,' says the broker.

Oddo BHF confirms its target of 102 euros. This suggests a potential upside of + 27%.

[the grumpy old men] 27/11/2019 12:14

27/11/2019 | 9:25
Engie EPS, a subsidiary of Engie, announces the commissioning of a 5 MWh storage system as part of the 'Lifou 100% renewable energy 2020' project developed by EEC Engie, another Engie subsidiary and main supplier of energy of New Caledonia.

This storage unit will provide Lifou Island with 100% green energy for several hours a day and will store the surplus energy supplied by the solar and wind power plants back to the grid as needed.

The innovative energy management system will also shut down diesel generators on the island when energy demand is fully covered by solar or wind generation, without any risk to grid stability.

[waldron] 25/11/2019 16:35

25/11/2019 | 5:18 p.m.

Paris (awp / afp) - Engie CEO Isabelle Kocher defended on Monday the strategic shift taken by the company from 2016, emphasizing that its positioning in renewable or energy efficiency allowed it to reconnect with the growth.

"Our business model, our business model was gradually moving away from what was expected of us by our customers," she told reporters.

"Since we changed our positioning, our corporate strategy (...) we have returned to organic growth," said the leader.

"We are a group that is attracting more and more customers," she added, adding that more and more people are seeking applications for Engie.

The former GDF Suez took a turn in 2016 to refocus the group on the energy transition with three activities: energy efficiency, renewable energy and gas.

Engie now targets between 7 and 9% average growth of its recurring net profit for the period until 2021, said the group in its new plan unveiled earlier this year, an objective confirmed Monday.

"One can not imagine that the whole world is in transition to zero carbon if indeed the companies that get into it do not manage to demonstrate that it works, including for their shareholders," said Isabelle Kocher.

It recognized the "atypical profile" of the company but believes that it is now favored by the markets: "we are the group that has grown fastest in stock market value over the last 12 months".

afp / rp

[waldron] 22/11/2019 17:07

Brent Crude Oil NYMEX 63.23 -1.16%
Gasoline NYMEX 1.67 -1.57%
Natural Gas NYMEX 2.69 +2.56%
(WTI) 57.68 USD -1.08%


FTSE 100
7,326.81 +1.22%
Dow Jones
27,808.58 +0.15%
CAC 40
5,893.13 +0.20%
SBF 120
4,634.78 +0.22%
Euro STOXX 50
3,684.5 +0.07%
DAX
13,163.88 +0.20%
Ftse Mib
23,264.65 -0.06%



Eni
13.996 -0.33%




Total
49.105 +0.51%

Engie
14.04 +0.14%

Orange
14.825 +0.68%


(IAG)
554.7 GBp +1.48%

Bp
499 +0.35%

Vodafone
156.58 +2.99%

Royal Dutch Shell A
2,281.5 +0.82%

Royal Dutch Shell B
2,269 +0.84%

[sarkasm] 21/11/2019 15:21

PARIS (Agefi-Dow Jones) - A consortium led by gas and electricity supplier Engie won a contract to boost the ecological transition of the Angers Loire Métropole area, the community announced Thursday. agglomeration.


The consortium, which brings together Engie, the Suez utilities group, La Poste and the VYV mutual group, will be in charge of "deploying the intelligent territory project infrastructure throughout the entire agglomeration", said Angers Loire Metropolis in a statement.


This market represents an amount of 178 million euros excluding taxes (including a firm tranche of 121 million euros before tax) over 12 years, said Angers Loire Métropole.


"The objective is to rely on digital technology to accelerate the ecological transition of the territory and improve its attractiveness, optimize the organization of public services and ensure a more efficient management of resources, and finally facilitate and improve the daily life inhabitants, "explained Engie in a separate statement.


The project will be launched in January 2020, said Engie.


-Alice Doré, Agefi-Dow Jones; [phone]; [e-mail] ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires

[waldron] 20/11/2019 05:04

Dreamforce 2019 - Engie powers up data-centric global digital transformation to tackle the climate change crisis
Profile picture for user slauchlan By Stuart Lauchlan November 19, 2019

Summary:
Energy giant Engie has roots dating back to the 19th century, but it's 21st century planet-saving issues that are driving its global digital transformation program.

Engie

There are many reasons for organizations to embark on digital transformation programs, but few are quite as compelling as that driving energy giant Engie - the fate of the planet in the face of the climate change crisis.

As Chief Digital Officer Yves Le Gelard puts it:

The fundamental reason why we need to reinvent ourselves is the issue of climate change. As a very large energy producer, we were part of the problem. We decided, four years ago that we wanted to be part of the solution.

With that in mind, the company set itself a goal of becoming a world leader in the zero-carbon transition, morphing from being a utility company to becoming a provider of low-carbon energy and services.

This objective would require the firm, the world’s longest-running multi-national company with its origins dating back to 1834, to re-imagine the way it engages with its 25 billion retail customers in over 70 countries in the 21st century. The company’s formal mission statement gives some indication of the scale of its ambitions in this respect:

Engie is committed to responsible growth of its businesses (power, gas and energy services) to succeed in the central challenges of delivering an energy transition to a low-carbon economy: providing access to sustainably generated energy, combating climate change, reducing its effect and making responsible use of natural resources. The Group is developing high-performance, innovative solutions for personal customers, urban authorities and companies by applying its expertise in four key sectors: natural and renewable gas, renewable electricity, energy efficiency and digital technologies.

In pursuit of this, there have been some big changes, observes Le Gelard:

We've disposed of coal. We've sold $15 billion of the coal [business] and we've injected $15 billion into the sun and the wind. Now, we're pushing this to a new way, which is that as a company we want to position ourselves as the zero carbon partner of the Fortune 500, and the world's largest cities. So it's a radical change.

We used to sell energy and the more the better. Right now, the 150,000 staff are engaging with customers to save energy, to sell less. Less is more. And that's a complete shift. In order to be successful at doing that, you need to understand precisely what's the carbon footprint of your customer. And as a result, you need data, you need software, you need a whole world of digital technologies and that's what we do within the company.

Global customer engagement

To arm itself for this digital overhaul, Engie is working with Accenture, Vlocity and Salesforce to deploy a global unified CRM platform.

Accenture is helping to define the business model, operational processes and IT architecture, and is implementing and deploying the technology, while Vlocity is delivering omni-channel and industry-specific cloud and mobile solutions. Meanwhile Salesforce is providing cloud solutions, notably Salesforce Community Cloud, Einstein Analytics, Marketing Cloud, Sales Cloud and Service Cloud.

The aim is to provide Engie staffers with the elusive CRM Holy Grail of the 360-degree customer view as well as personalized recommendations, collaboration capabilities with customers and proactively managing relationships to reduce energy usage and consumption over the next 50 years.

At the heart of all of this is an increased dependency of reliable, real time data, says Le Gelard:

Data matters if you want to seriously, address the zero carbon agenda of any organization, you need to understand where carbon is being burned. Production transportation distribution - you need to understand all that. For this you need sensors, you need an immense amount of data, you need that.

Data is also vital because however idealistic a ‘green’ vision might be, there will still be a need for energy, notes Le Gelard:

Although you would reduce it drastically by capturing the right data and addressing behaviors, you would still need energy. Green energy presents the challenge of being intermittent. There is not always sun, there is not always wind. And storing electricity is still a challenge. Although batteries are making huge progress, still it is a challenge.

So, in order to make sure we understand all this and to be able to constantly match [demand], we need to understand precisely at which moment there is a particular need. Precisely because you've got a lot of renewables on the production side, then the understanding of maybe the very second when you need to provide electricity - and where - would prevent the sort of challenges that some parts of the world, including California, suffer from time to time - outages.

This is why being able to share data end-to-end, and make sure that necessary Artificial Intelligence technologies are being mobilized is so key to this transition.

He adds:

The number one challenge is really to digitalize the world. We need to install millions and millions of additional sensors, all across the chain, to be sure that we monitor all the time. Because actually, the need for [power] balance is down to the millisecond. so you really need to know what's going on. That's the number one thing.

The other thing has to do with helping customers to understand how to behave. This is a cultural shift whereby you need to explain the consequences of behaviors to millions of customers to millions of users.

Those customers are increasingly front-of-mind for Engie:

What has really changed is the fact that in the previous world we had a big power plant, a transmission line, and something that we call a meter. We've recently discovered that there is a human being behind the meter. And as a consequence, it didn't take us a long study to pick Salesforce as a strategic partner to handle this person that we've discovered is behind the meter. It turns out there was a person there.

Digital transformation of organizations of any scale are typically multi-year marathons, but Engie is acutely aware of the need for speed in its case. Le Gelard knows what the desired outcomes are here:

It's zero carbon as quickly as possible for everybody. The clock's ticking guys, and this is serious and we all can feel it. But the other thing, perhaps the most important thing, is that the future of energy is to provide energy to the 2 billion people that do not get energy today.

Image credit - Engie

Disclosure - At time of writing, Salesforce is a premier partner of diginomica.

[grupo] 16/11/2019 13:58

GE Renewable Energy Lands 494 MW Orders with ENGIE
Friday, 15 November 2019
0
REM
GE Renewable Energy has been selected by ENGIE North America to supply 180 onshore wind turbines for two wind projects. The agreements include 88 2.8-127 turbines for the King Plains wind project in Oklahoma, and 92 2.7-116 turbines for the first phase of the Triple H Wind project in South Dakota.
GE Renewable Energy Lands 494 MW Orders with ENGIE

Construction on the projects began this year, and both projects are expected to reach commercial operation in the second half of 2020. With these latest projects, ENGIE North America has contracted with GE Renewable Energy for 885 MW of new wind turbines in the past year, demonstrating a strong effort towards expanding renewable energy in the US.

Vikas Anand, GE Renewable Energy’s CEO for Onshore Wind, Americas, said, "We’re delighted to partner with ENGIE on these projects. Our best-selling 2 MW turbines are a great fit for Engie’s needs, and we’re proud to help bring additional clean, affordable, renewable energy to their customers in Oklahoma and South Dakota.”

The US wind market remains strong. According to the American Wind Energy Association, the second quarter of 2019 saw a record wind capacity of nearly 42 GW under construction or in advanced development, a 10 percent increase over the level of activity this time last year.

GE Renewable Energy was recognized by AWEA as the top manufacturer of wind turbines in the US in 2018, supplying over 3 GW of capacity, or 40 percent of the total onshore wind energy installed nationwide in 2018.