Energiser Investments Share Discussion Threads

[waldron] 04/9/2020 17:44

Brent Crude Oil NYMEX 42.74 -2.93%
Gasoline NYMEX 1.17 -3.20%
Natural Gas NYMEX 2.93 +0.14%
WTI 39.98USD -2.42%



FTSE 100
5,799.08 -0.88%
Dow Jones
27,850.02 -1.56%
CAC 40
4,965.07 -0.89%
SBF 120
3,926.6 -0.86%
Euro STOXX 50
3,260.59 -1.05%
DAX
12,842.66 -1.65%
Ftse Mib
19,324.71 -1.16%


Eni
7.645 -0.66%


Total
32.965 -0.74%


Engie
11.64 -1.90%

Orange
9.218 -1.12%



Bp
257.5 -0.87%

Vodafone
105.26 -2.27%

Royal Dutch Shell A
1,078.2 -0.26%


Royal Dutch Shell B
1,035.6 -0.40%


Tullow Oil (TLW)

[waldron] 03/9/2020 15:31

Merkel pressured to nix Nord Stream 2 support after Navalny poisoning
Sep. 3, 2020 9:12 AM ET|About: Public Joint Stock Company ... (OGZPY)|By: Carl Surran, SA News Editor

German Chancellor Merkel faces growing domestic pressure to end support of the Nord Stream 2 gas pipeline after Russian government critic Alexei Navalny was poisoned with a Soviet-style nerve agent.

Norbert Röttgen, chairman of the Bundestag's committee on foreign affairs, says "we must respond with the only language Putin understands - that is gas sales... If the Nord Stream 2 pipeline is completed now, it would be the maximum confirmation and encouragement for Putin to continue this kind of politics."

Merkel has been unwavering in her commitment to the project, and many lawmakers in her party, which is close to business, still want to see it through.

[adrian j boris] 03/9/2020 08:04

Engie: UBS goes from neutral to buy with a target of 15 EUR.

[adrian j boris] 31/8/2020 08:47

Veolia Environnement SA said Sunday it made an offer to acquire a 29.9% stake in its peer Suez SA from Engie SA at a price of 15.50 euros ($18.46) a share.

The French water and waste management company said the offer, which would be paid in cash, is valid until Sept. 30 and represents a 50% premium over Suez's closing share price as of July 30.

If the offer is accepted, the company said it would file a voluntary tender offer for Suez's remaining shares.

Veolia said the transaction would be accretive from the first year, with operating and purchasing synergies estimated at EUR500 million, and its debt would remain under control.

The offer follows Engie's decision to launch a strategic review that includes its stake in Suez.

Veolia added it has considered the potential antitrust issues the acquisition would entail and identified French infrastructure management company Meridiam as an acquirer for Suez's French water activities.

Suez said Sunday in a statement that Veolia's approach "has not been solicited" and hasn't been discussed with the company. It added it would convene its board of directors shortly to evaluate the operation.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

August 31, 2020 02:33 ET (06:33 GMT)

[waldron] 21/8/2020 17:32

Brent Crude Oil NYMEX 43.68 -2.72%
Gasoline NYMEX 1.19 -3.10%
Natural Gas NYMEX 2.51 +0.48%
WTI 41.541 USD -3.16%


FTSE 100
6,001.89 -0.19%
Dow Jones
27,805.4 +0.24%
CAC 40
4,896.33 -0.30%
SBF 120
3,878.27 -0.24%
Euro STOXX 50
3,259.75 -0.50%
DAX
12,764.8 -0.51%
Ftse Mib
19,693.04 -0.37%


Eni
7.873 -0.78%



Total
32.36 -0.49%



Engie
11.185 -0.45%

Orange
9.83 -0.36%



Tullow Oil (TLW)
22.47 -0.96 (-4.10%)





Bp
273.35 -1.23%

Vodafone
114.26 -0.95%

Royal Dutch Shell A
1,115.8 -0.64%



Royal Dutch Shell B
1,075.2 -0.70%

[adrian j boris] 20/8/2020 14:41

Engie inks renewables PPA with Chilean shopping mall chain
EGP Chile Renaico II wind park

August 20 (Renewables Now) - Engie Energia Chile SA announced on Wednesday it has signed an agreement to supply 100% renewable power to Parque Arauco SA, a regional shopping mall chain.

Under the terms of the deal, the Chilean subsidiary of France’s Engie SA (EPA:ENGI) will supply 117 GWh per year to meet 95% of the buyer's demand, Parque Arauco's Manager of Shopping Centres and Projects, Nicolas Bennett, stated.

With this PPA, which will run for five years starting in the second half of 2020, Engie Chile will help Parque Arauco's branches located in the Metropolitan Region and throughout the country to avoid the annual emission of approximately 53,100 tonnes of carbon dioxide (CO2), equivalent to planting more than 106,200 trees.

Recently, Engie Chile submitted an environmental impact statement (EIS) for a project to expand the capacity of its Vientos del Loa wind farm to around 204.6 MW from the initial 126.5 MW.

[la forge] 15/8/2020 09:48

Hazelwood Power Station demolition - the client’s view

13 August 2020

Save article

In last week’s D&Ri newsletter, and in the June-July 2020 print issue of the magazine, we featured the contractor Delta Group’s recent chimney demolition at the Hazelwood power station project in Australia. Here, we revisit the project from the perspective of the client, energy supplier Engie. Ian Needham, head of stakeholder engagement, Hazelwood Rehabilitation Project, talks to editor Steve Ducker.

D&Ri
When did you start talking to Delta about the Hazelwood project?

Ian Needham
Delta Group was one of three contractors that Engie Australia shortlisted as part of a comprehensive EOI (expression of interest) and tendering process that led to the contract award in late 2018.

D&RI Magazine - Editorial Shot (2).tif

The chimney demolition was the latest stage in a project that started with Engie awarding the contract to Delta Group in 2018

As principal contractor, Delta Group has led a broader team of national and international subject matter experts, specialising in demolition engineering, who have been involved in developing the demolition approach so as to develop a safe and effective programme of works, and demonstrate to regulatory agencies and key stakeholders a robust process to meet legislative compliance.

What was it in their history or track record that made them a good fit for this job? Have you worked with Delta before?
The Hazelwood Mine & Power Station Demolition Project is the first of its kind for Engine in Australia.

Delta Group shared our commitment to safety and the environment that was essential criteria in selecting an appropriate contractor. Delta Group also demonstrated financial, organisational, human resources, industrial relationxs and operational capacity to manage a project of this significance and scale.

What were the main considerations for a demolition project on a 4,000-hectare site?
The first consideration was the safety of workers and of the local community, particularly the effective management of all risks associated with asbestos and to ensure complete regulatory and legislative compliance at every stage and across every facet of the agreed works program.

Stakeholder engagement was also important. “Our social license to operate” is very important to Engie, and relies on transparency to key stakeholders, regulatory departments, and our local community.

There was a lot of public interest in Hazelwood – how big a factor was that in your choice of contractor and how did it influence conversations between you and Delta during the project?
The decommissioning of Hazelwood has been of high interest since its closure in 2017. The local community has strong long- term connections to Hazelwood.

We recognise the emotional attachment this project has to region, and has invested time and resources in ensuring a transparent, well communicated, and safe project is being carried out while showing the upmost respect to the local sensitivities of the area.

Delta Group has had a long-standing connection to the area, and committed to engaging with the community. Creating jobs for locals was a critical element of the contractor selection.

Did you insist on any particular specifications or methodology in how the job was executed, or was it left to Delta?
Yes. A project such as this requires a team orientated focus. Whilst Delta Group intellectual property is critical to the success of the project, Engie via independent subject matter experts, ensured they remained engaged with all stages of the methodology development and implementation of the works.

Engie’s website says the demolition represented the culmination of an enormous amount of pre-work and planning. What form did this take?
From the EOI and tendering stage to the chimney fell event was 16 months. In that time thousands of hours went into planning and preparing for the demolition of the chimneys, and thousands of hours more for the overall project.

The project has involved developing and executing a safe and effective programme of works, for example:

Engineered risk assessment of all possible demolition methods – for chimney stacks and all structures
Blast modelling, design and management
Asbestos surveys and identification, management and removal, onsite containment, measuring, monitoring and reporting
Wind and weather modelling for dust (plume) as a result of chimney fells
Extensive community engagement
Consultation with key stakeholders – Victorian government regulators, local emergency services
Emergency response planning, training and management.

[waldron] 15/8/2020 07:14

Brent Crude Oil NYMEX 44.80 +0.00%
Gasoline NYMEX 1.48 +0.00%
Natural Gas NYMEX 2.79 +0.00%
(WTI) 42.2 USD -0.52%

FTSE 100
6,090.04 -1.55%
Dow Jones
27,931.02 +0.12%
CAC 40
4,962.93 -1.58%
SBF 120
3,929.53 -1.56%
Euro STOXX 50
3,305.05 -1.31%
DAX
12,901.34 -0.71%
Ftse Mib
20,028.11 -1.13%


Eni
8.179 -0.80%


Total
33.5 -1.44%



Engie
11.75 -2.16%

Orange
9.906 -1.09%


Bp
292.65 -2.84%

Vodafone
118.68 -1.30%

Royal Dutch Shell A
1,171.4 -2.64%



Royal Dutch Shell B
1,131.4 -2.50%

Tullow Oil (TLW)
25.23 -0.38 (-1.48%)

[grupo guitarlumber] 11/8/2020 14:48

Nord Stream 2 at increased risk of non-completion, financial partner says
Aug. 11, 2020 8:59 AM ET|About: Uniper SE ADR (UNPPY)|By: Carl Surran, SA News Editor

Intensifying U.S. sanctions make a delay or even the non-completion of the Nord Stream 2 gas pipeline an increasing possibility, says German utility Uniper (OTC:UNPPY), one of the project's partners.

If the pipeline cannot be completed, Uniper says it "may have to impair the loan provided to Nord Stream 2 and forfeit the planned interest income."

The U.S. has stepped up its sanction threats, Pres. Trump signed a sanctions bill that has delayed construction, and Republican senators recently warned the operator of a German port that it faces sanctions for facilitating construction of the project.

Uniper is one of the financial backers of the €9.5B Nord Stream 2 pipeline owned by Russia's Gazprom (OTCPK:OGZPY), along with Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall unit, Engie (OTCPK:ENGIY) and OMV (OTCPK:OMVJF).

[grupo guitarlumber] 11/8/2020 10:21

5. What about the Europeans?

BP Plc said in June it was cutting its estimates for oil and gas prices in the coming decades between 20% and 30%, while also expecting the cost of carbon emissions to be more than twice as high as before. As a result the company is reviewing its projects, which could lead to some oil being left in the ground. Royal Dutch Shell Plc, BP and Total SE have written off billions of dollars of assets as the pandemic destroyed oil demand and prices, making some fields unprofitable to drill. The bulk of Total’s impairment applied to Canadian oil sands, which are costlier and more carbon intensive than conventional fields.
6. What type of assets are at risk?

BP said Aug. 4 that it’s now targeting a 40% decline in hydrocarbon production and won’t explore for oil in any new countries. The company’s chief of staff Dominic Emery said back in 2019 that complicated projects could be shelved in favor of fields that are quicker to develop. The pressure to curb emissions may prompt companies to leave the most carbon-intensive reserves untouched. Across the industry, projects most at risk include deep-water discoveries off Brazil, Angola and in the Gulf of Mexico, as well as some Canadian oil sands assets, according to Parul Chopra, vice president for upstream research at Rystad Energy A/S.

[waldron] 08/8/2020 07:46

Brent Crude Oil NYMEX 48.53
Gasoline NYMEX 1.32
Natural Gas NYMEX 2.44
WTI 41.53 USD -1.21%


FTSE 100
6,032.18 +0.09%
Dow Jones
27,433.48 +0.17%
CAC 40
4,889.52 +0.09%
SBF 120
3,869.15 +0.12%
Euro STOXX 50
3,252.65 +0.28%
DAX
12,674.88 +0.66%
Ftse Mib
19,516.43 +0.21%



Eni
7.806 -1.71%


Total
32.795 -0.76%


Engie
11.625 +0.22%

Orange
9.704 -0.35%


Bp
287.25 -2.71%

Vodafone
116.74 +0.64%

Royal Dutch Shell A
1,154.6 -1.80%



Royal Dutch Shell B
1,116.8 -1.74%


Tullow Oil (TLW)
: 25.48: -1.51 (-5.59%)

[sarkasm] 05/8/2020 12:22

Engie, Mining3 bag funds for green hydrogen powertrain project in Chile
The Monte Redondo wind park in Chile. Image source: Engie Energia Chile SA

August 5 (Renewables Now) - French energy group Engie (EPA:ENGI) and research organisation Mining3 have secured CLP 252 million (USD 326,500/EUR 276,000) in financing for their Hydra renewable hydrogen powertrain project in Chile.

The funding has been allocated by Chilean economic development agency CORFO to support part of the project to design and supply a new powertrain for mining vehicles to run on green hydrogen instead of diesel.

Engie and Mining3 will begin with a pre-feasibility and engineering study of the powertrain and the renewable hydrogen refuelling system for mining trucks. Then they will proceed with the design and fabrication of a fuel cell and battery powertrain prototype with a capacity between 100 kW and 200 kW, and test its performance under mining conditions. This will be followed by competitiveness studies for technical and economic validation of the technology.

The end objective is to scale up the solution to convert mining vehicles of several mining sites in Chile, according to the announcement.

(CLP 100 = USD 0.130/EUR 0.109)

[the grumpy old men] 04/8/2020 17:41

ENGIE Solutions opens new LNG/CNG filling station in France

The Roye station is the second of the three filling facilities that ENGIE Solutions plans to set up as part of the Connect2LNG programme.
Last update: August 4, 2020
Author: PetrolPlaza Correspondent Pablo Plaza

ENGIE Solutions has recently opened a new LNG/CNG filling station in the Hauts-de-France region in the framework of the Connect2LNG programme, a European initiative aimed at accelerating the deployment of LNG infrastructure.

After Sorigny station’s opening in March, the Roye site is the second of the three filling facilities that ENGIE Solutions plans to set up as part of Connect2LNG, reports GazMobilité.

Roye station will mainly supply XPO Logistics’ fleet of heavy-duty vehicles, although different customers in the area will be also allowed to refuel in the site.

Launched in 2016, the Connect2LNG program is an initiative led by the Anglo-Dutch group Unilever and partly financed by the European Union, with the aim to deploy five LNG stations across different locations in France and Germany.

[florenceorbis] 03/8/2020 15:14

08/03/2020 | 02:40pm BST

In his latest research note, analyst James Brand confirms his recommendation. The broker Deutsche Bank is keeping its Neutral rating.


The target price is still set at EUR 12.

[waldron] 31/7/2020 18:02

Brent Crude Oil NYMEX 43.14 -0.25%
Gasoline NYMEX 1.15 -3.09%
Natural Gas NYMEX 1.81 -1.58%
WTI 39.84 USD -1.08%


FTSE 100
5,897.76 -1.54%
Dow Jones
26,179.01 -0.51%
CAC 40
4,783.69 -1.43%
SBF 120
3,780.88 -1.27%
Euro STOXX 50
3,174.32 -0.81%
DAX
12,313.36 -0.54%
Ftse Mib
19,181.04 -0.25%



Eni
7.541 -3.54%


Total
31.3 -1.97%



Engie
11.29 +4.01%

Orange
9.912 -0.44%


Bp
275.15 -2.89%

Vodafone
115.56 -2.55%

Royal Dutch Shell A
1,121.6 -3.21%



Royal Dutch Shell B
1,080.8 -2.96%


Tullow Oil (TLW)
25.12 : -1.02 (-4.23%)

[waldron] 31/7/2020 08:41

Engie SA said Friday that net profit dropped in the first half of 2020 as its financial performance was significantly hit by Covid-19, and provided guidance for the full year.

The French energy company said net profit in the period was 24 million euros ($28.4 million) from EUR2.08 billion in the year-earlier period.

Revenues decreased to EUR27.43 billion from EUR30.25 billion.

Earnings before interest, taxes, depreciation and amortization came in at EUR4.48 billion from EUR5.32 billion the year prior.

"Results for the first half of 2020, and in particular for the second quarter, were down significantly with an estimated [current operating income] impact of about EUR0.85 billion due to the unprecedented Covid-19 crisis," the company said.

Looking at 2020, Engie said it expects net recurring income to be between EUR1.7 billion and EUR1.9 billion and capital expenditure between EUR7.5 billion and EUR8 billion. Guidance assumes a continued, gradual return to normal across geographies.

A new chief executive officer is expected to be appointed in September and potentially start by the end of the year, it said.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

July 31, 2020 02:49 ET (06:49 GMT)

[grupo guitarlumber] 29/7/2020 09:47

ENERGYMIXREPORT



Jul 28, 2020

Scaling up off-grid solar power model for transforming rural energy access across Africa; EIB financing to overcome barriers to 80% of Ugandans without access to electricity; Local currency financing to accelerate PAYGO solution for affordable green energy.

Millions of people, small holders and entrepreneurs in remote villages across Uganda are set to access reliable and cheap electricity for the first time under a new off-grid solar scheme agreed between ENGIE (ENGIE-africa.com), through its Solar Home System company Fenix International and the European Investment Bank, one of the world’s largest financiers of renewable energy.

“Access to affordable and clean energy is important to fight poverty, create jobs and empower women and girls. The European Investment Bank is pleased to agree new support for scaling up off-grid solar deployment in East Africa under this new partnership with ENGIE. Over a million people across Uganda will be able to access electricity for the first time that will power communications, provide light and make cooking easier. This scheme will also reduce use of kerosene, charcoal and candles to help families save money, reduce pollution and reduce the risk of accidents. Unlocking sustainable economic and social development through off-grid solar is key for Africa’s future and the EIB is pleased to back this project in Uganda.” said Ambroise Fayolle, European Investment Bank Vice President.

“At ENGIE, we see the massive potential of the off-grid electrification sector as a way to bridge energy gaps across Africa, faster and more affordably. Every day families across Africa are able to access electricity for the first time using off-grid solar technology provided by ENGIE Africa. Our new partnership with the European Investment Bank in Uganda will allow Fenix to provide ultra-affordable PAYGO systems to millions of people in villages across the country. This will provide access to clean solar power and financial empowerment. Providing access to energy in Africa is a huge undertaking but I firmly believe that universal access to energy is achievable in the foreseeable future, through smart investments in a combination of national grid extension, solar home systems and mini-grids. With our off-grid platform, we are industrializing and scaling up the development of a wide range of decentralized solutions, with a sustainable business model. As of now, ENGIE is providing decentralized electricity to more than 4.5 million people in 9 countries through solar home systems from both Fenix and ENGIE Mobisol, as well as mini-grids from ENGIE PowerCorner.” said Yoven Moorooven, CEO of ENGIE Africa.

The European Investment Bank has agreed to provide a USD 12.5 million loan to support the deployment of 240,000 high-quality solar home systems in Uganda by Fenix International, a subsidiary of ENGIE.

Solving the last mile challenge to provide power in remote communities across Uganda Only one in five Ugandans living in remote and rural communities has access to reliable electricity. By scaling up adoption of off-grid solar technology this new initiative will provide economic, social, education and health opportunities for families and entrepreneurs who cannot be connected to the national electricity network.

Customers will also be able to benefit from Fenix International’s service centres that provide support in 30 languages across Uganda.

Supporting private sector growth and sustainable development in Uganda

Following the new agreement between Fenix and the European Investment Bank households, entrepreneurs and small holders across Uganda will be able to access electricity for mobile phones, solar lighting, refrigeration, radio and television. This will help farmers to sell produce, create new markets for traders and improve health.

Increased provision of reliable and affordable energy will create new opportunities for women and girls and reduce exposure to indoor pollution from current kerosene use.

“The European Union is committed to supporting sustainable economic and social development across Uganda. This new cooperation initiative between the European Investment Bank and Fenix International, a subsidiary of leading European energy company ENGIE, demonstrates the value-added of European engagement with Ugandan partners to advance the country’s development vision. Harnessing renewable energy through innovative off-grid solar technology, combined with productive uses of power in rural areas, is a direct demonstration of the European Union’s green deal for Africa, providing new opportunities for millions of Ugandans.” said Attilio Pacifici, European Union Ambassador to Uganda.

Unlocking financial empowerment and overcoming currency barriers

Provision of a PAYGO model will allow families who would be unable to afford the upfront costs of solar home systems to repay the cost of equipment over years at less than USD 20 cents a day. The new European Investment Bank financing will also allow repayment of equipment purchased in US dollars in Ugandan shillings. Previously currency fluctuations hindered provision of affordable clean energy solutions to Ugandans without access to foreign currency.

“Providing hundreds of thousands of new solar home systems through the PAYGO model will allow our Ugandan team to transform communities across the country. We are proud to be the latest national off- grid power operation to be supported by the European Investment Bank and we will work tirelessly to illuminate homes and provide clean power until all of Uganda can access electricity.” said Daniel Willette, Managing Director Uganda (Fenix)

Customers will also benefit from cheaper costs and easier repayment through use of mobile banking. This will also provide other financial products and allow customers to expand existing equipment as needed.

Building on the EIB’s renewable energy track record in Uganda and across Africa

Over the last decade the European Investment Bank has provided more than EUR 5.4 billion for clean energy investment across Africa.

In recent years the European Investment Bank has been a leading financial for the Bujagali hydropower project in Uganda, the Lake Turkana Wind Farm, Olkaria Geothermal plant and the Radiant and Eldosol solar schemes, as well as financing last mile connections in Kenya. The EIB is also supporting studies to harness hydropower to transform clean energy in Burundi and the Great Lakes region.



Source: APO