Guangdong Development Fund Share Discussion Threads

[waldron] 07/1/2014 14:37

PARIS, Jan. 7 (UPI) -- French energy company GDF Suez announced Tuesday the first volumes of natural gas were produced from the Juliet field in the British waters of the North Sea.
GDF Suez said first gas production was achieved from the Juliet field, located about 25 miles off the British coast. At its peak, Juliet should give up around 80 million cubic feet of natural gas per day.

Jean-Marie Dauger, a vice president in charge of global gas development for GDF Suez, said the start of production from Juliet represents a regional milestone for his company.

"Juliet demonstrates our commitment to continuously developing the potential of the United Kingdom Continental Shelf and the value that can be derived in a mature region through the efficient use of existing infrastructure," he said in a statement.

Gas from Juliet will be transported through a subsea pipeline to an onshore processing terminal.

The French energy company discovered the North Sea natural gas field in 2008. GDF Suez says Juliet is a part of a core growth strategy for the British continental shelf.



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[waldron] 06/1/2014 10:26

Dernier cours : 16.75
Support : 15.91 / 15.64
Resistance : 18.04 / 18.57
Opinion court terme : positive
Opinion moyen terme : negative

[ariane] 03/1/2014 13:44

27
Feb
2014Annual Results FY13

28
Apr
2014Shareholders' Meeting

28
Apr
20142014 first quarter results – Conference call

[waldron] 02/1/2014 09:44

27Feb2014 Annual results FY13

[waldron] 01/1/2014 09:25

source: the connexion

Gas price freeze ruled unlawful
December 31, 2013
HOUSEHOLDS in France that use shared gas central heating face a retroactive increase in their bills in the new year.

The news follows a ruling by the Conseil d'Etat, France's highest court, which said that a price freeze imposed by the previous government was unlawful.

Between 2010 and 2012, the Fillon government published decrees fixing the price of gas sold by GDF Suez to homes.

The Conseil d'Etat has now invalidated the decrees applying to 2012 on the grounds that it unfairly favoured individuals and was not also applied to businesses.

It means gas bills will rise by at least €30 for households with a communal heating system shared between multiple homes.

Legislation passed at the end of 2012 has changed the way gas prices are reviewed, putting in place a formula to review gas prices automatically every month.

The government has retained the right to intervene in prices in exceptional cases, but any action to freeze or ameliorate rises must be covered in such a way that the supply costs of GDF Suez are met.

[waldron] 30/12/2013 08:50

Dernier cours : 17.03
Support : 16.16 / 15.87
Resistance : 17.88 / 18.17
Opinion court terme : neutre
Opinion moyen terme : negative

[waldron] 23/12/2013 08:45

MOUVEMENTS ET NIVEAUX


Depuis le plus bas à 16.17 EUR le titre est en phase de reprise technique vers sa moyenne mobile à 50 jours située à 17.31 EUR : le comportement des cours sur ce niveau permettra d'envisager la poursuite du mouvement à moyen terme. Pour alléger la position, on pourra attendre de tester les résistances à court terme situées à 17.72 EUR et 18.36 EUR. Les supports sont à 15.8 EUR puis à 15.48 EUR .

Dernier cours : 16.98
Support : 15.8 / 15.48
Resistance : 17.72 / 18.36
Opinion court terme : neutre
Opinion moyen terme : negative

[waldron] 18/12/2013 08:28

(Boursier.com) -- GDF SUEZ bondit de 2,8% à 16,615 euros à l'ouverture du marché parisien, grâce à JP Morgan, qui a relevé de "neutre" à "surpondérer" sa recommandation, en visant 19,30 euros contre 15 précédemment.

[waldron] 16/12/2013 08:48

By Inti Landauro
PARIS--French power company GDF Suez SA (GSZ.FR) and its partners Total SA (TOT) and equity fund Hellman & Friedman have begun the process of listing the shares of their common unit Gaz Transport & Technigaz, or GTT, on the Paris stock market.
GTT, which manufactures cryogenic membranes for tanker ships transporting liquefied natural gas, said Monday that it registered a "document de base" with the French stock market regulator, marking the first step toward an IPO. The company didn't provide any time frame for the rest of the process or what stake it will float on the market.
GDF Suez owns 40% in GTT, while Total and Hellman & Friedman jointly hold the remaining 60%, Les Echos newspaper reported last month.
Based in a Paris suburb, GTT employs 344 workers.
Write to Inti Landauro at [e-mail]
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[waldron] 13/12/2013 10:18

Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Friday 13 December 2013
By Geraldine Amiel
PARIS--GDF Suez SA (GSZ.FR) Friday said it has completed the acquisition of U.K.-based facilities management business Balfour Beatty WorkPlace, a move consistent with its ambitions to increase its market share in the European energy services industry.
The business will be combined with GDF Suez's unit Cofely U.K. Ltd with immediate effect, creating an enlarged company with nearly one billion pounds ($1.63 billion) of annual revenue in the U.K.
The move underscores the group's strategy to become a single source for multi energy services to companies as the new business will operate within four key service areas: energy services, technical services, facilities management and business process outsourcing.
"This acquisition is in line with GDF Suez's ambition to be the leader of energy transition in Europe," Jerome Tolot, GDF Suez's head of energy services said.
Write to Geraldine Amiel at [e-mail]

[waldron] 12/12/2013 19:44

PARIS, Dec. 12 (UPI) -- A global affairs official at French energy company GDF Suez said entering a joint venture working in deep Malaysian waters anchors its regional position.
The French company said Thursday it joined Malaysian energy company Petronas and Japanese energy company JX Nippon Oil & Gas Exploration in Block 3F in deep Malaysian waters.

"GDF Suez reinforces its positioning in Asia-Pacific, a most promising region, through this new acquisition in exploration-production activities in Malaysia," Jean-Marie Dauger, a vice president in charge of the global gas business, said in a statement.

He added the venture now has a new opportunity for the marketing of liquefied natural gas to the Asian market with its Malaysian operation.

The joint venture partners are to spend the next three years on a drilling and exploration campaign in Block 3F, which covers an estimated 1,600 square miles off the Malaysian coast. If they find commercial quantities of gas, it will be marketed through existing LNG facilities, Dauger said.

Malaysia is No. 3 in the world in terms of exports of LNG, behind Qatar and Indonesia.



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[waldron] 09/12/2013 11:04

Shares of GDF Suez SA gained 2.4% after Bank of America Merrill Lynch lifted the French utility firm to buy from neutral.

[waldron] 05/12/2013 19:22

PARIS--A partnership including Brazilian oil company Petroleo Brasileiro SA (PBR), French energy utility GDF Suez SA (GSZ.FR) and Brazilian investors won the rights to seek oil and gas in six areas in Brazil.
Petrobras, which will hold 40% in the joint venture, will operate the exploration efforts, GDF Suez said in a statement Thursday. GDF Suez will hold 25%.
The companies are committed to invest in the areas for at least three years. The concession contracts will be signed in the first half of 2014.
Write to Inti Landauro at [e-mail]

[waldron] 03/12/2013 07:30

Japan, the world's largest buyer of liquefied natural gas, is set to receive a cargo loaded from storage in France today, ship-tracking data show.

The Grace Dahlia, with a capacity of 177,000 cubic meters, is sailing to Oita LNG Co.'s terminal in southern Japan, according to transmissions captured by IHS Fairplay on Bloomberg. The vessel loaded the supercooled gas out of storage from the Montoir-de-Bretagne LNG facility in western France and departed Nov. 4.

Elengy SA, a unit of French utility GDF Suez, owns and operates the Montoir-de-Bretagne terminal, according to the company's website. France doesn't produce LNG.

Oita LNG's 4.99 million metric ton-a-year terminal started in 1990, and receives LNG supplies from Indonesia, Russia, Australia and Algeria, data compiled by Bloomberg show. Asian LNG buyers typically import spot cargoes from December to March to meet peak heating and power demand during winter in the northern hemisphere.

To contact the reporter on this story: Chou Hui Hong in Singapore at [e-mail]

To contact the editor responsible for this story: Pratish Narayanan at [e-mail]

[waldron] 02/12/2013 13:52

Danish pension fund PensionDanmark Holding to acquire a 49 percent stake in gas pipeline operator Noordgastransport from Abu Dhabi-based energy company TAQA, giving it joint control with French utility GDF Suez (notified Nov. 18/deadline Dec. 23/simplified)

[waldron] 29/11/2013 08:05

Electricite de France SA and GDF Suez SA (GSZ), the country's biggest gas and power utilities, are vying to develop two 500-megawatt wind projects off northwestern France as the country expands clean-energy output.

Their bids to develop installations near Le Treport and between the islands of Noirmoutier and Yeu must be submitted to the Commission de Regulation de l'Energie today, according to the regulator's website.

France opened the tender, its second for offshore wind, in March to attract investment of about 3.5 billion euros ($4.6 billion). The nation, which has no sea-based wind farms, plans to add 6,000 megawatts of offshore wind, tidal and wave power by the end of the decade. President Francois Hollande has pledged to scale back the proportion of nuclear energy in the country's electricity mix.

GDF Suez is bidding with partners EDP Renovaveis SA, Neoen Marine and Areva SA (AREVA) while EDF and Alstom SA (ALO) will also be competing, the companies announced earlier this year.

GDF Suez already bid for a project at Le Treport in the first round of tenders last year. It came away empty-handed after submitting an offer that was "extremely" costly, former Industry Minister Eric Besson said at the time.

EDF, Alstom and Denmark's Dong Energy A/S were awarded three sites, while Spain's Iberdrola SA (IBE) won a fourth. They'll need about 7 billion euros' investment for 1,920 megawatts, the government estimated.

Renewables accounted for 16 percent of France's total power output last year, with most coming from hydro dams, according to EDF's grid unit. The country aims to get 23 percent from renewables by the end of the decade.

In May, EDF Energies Nouvelles, the utility's renewables division, Wpd AG and Alstom announced their intention to bid in the second round. Alstom will supply its 6-megawatt Haliade 150 turbines that will be manufactured in France at planned plants in Saint-Nazaire and Cherbourg.

To contact the reporter on this story: Tara Patel in Paris at [e-mail]

To contact the editor responsible for this story: Will Kennedy at [e-mail]

[waldron] 20/11/2013 08:51

By Selina Williams And Géraldine Amiel
Nov. 19, 2013 11:19 p.m. ETWestinghouse Electric Co. is expected to seal a deal to take over Iberdrola SA IBE.MC -0.40% Iberdrola S.A. Spain: Madrid €4.68 -0.02 -0.40% Nov. 20, 2013 9:33 am Volume : 514,864 P/E Ratio 10.63 Market Cap €29.63 Billion Dividend Yield 1.28% Rev. per Employee €1,058,850 11/19/13 Westinghouse May Join U.K. Nuc... More quote details and news » IBE.MC in Your Value Your Change Short position 's 50% stake in the U.K. nuclear consortium NuGeneration Ltd. by late January or early February, a person familiar with the situation said.

A deal is vital to resurrect a NuGen project to build a large nuclear-power station in Northern England that has recently foundered as Spanish utility Iberdrola is focuses on debt reduction. The company is restructuring its assets at a time the European economic crisis has weakened electricity demand and has made financing big projects more difficult.

The survival of the plan to construct a power station with 3.6-gigawatts of capacity in West Cumbria is important for the United Kingdom's government, which has made building new nuclear projects a priority to help meet greenhouse-gas emission-reduction targets and as aging coal plants and old nuclear reactors are set to be decommissioned over the next decade.

Enlarge Image
A Westinghouse generator, far right, and the main turbine, left center, at the No. 1 unit of Nextera Energy Point Beach Nuclear Plant in Two Rivers, WI. Associated Press
Getting a foothold in the U.K. is important to U.S.-based Westinghouse, which sees the country as a steppingstone to growing its reactor business in Europe and elsewhere as the U.S. has turned its back on new nuclear plants following the shale gas boom there.

"The full exit of Iberdrola from NuGen is going to happen. They're in talks with Westinghouse and that's the only offer that is on the table," the person said. NuGen is 50%-owned by France's GDF Suez. GSZ.FR +0.14% GDF Suez S.A. France: Paris €17.47 +0.03 +0.14% Nov. 20, 2013 9:33 am Volume : 158,815 P/E Ratio 45.25 Market Cap €42.68 Billion Dividend Yield 9.50% Rev. per Employee €407,553 11/19/13 Westinghouse May Join U.K. Nuc... 10/11/13 Energy Bosses Call for End to ... 09/20/13 Hungary in Talks to Buy Back M... More quote details and news » GSZ.FR in Your Value Your Change Short position
Westinghouse, which is controlled by Japan's Toshiba Corp. 6502.TO +0.24% Toshiba Corp. Japan: Tokyo ¥419 +1 +0.24% Nov. 20, 2013 3:00 pm Volume : 25.08M P/E Ratio 24.04 Market Cap ¥1775.56 Billion Dividend Yield 1.91% Rev. per Employee ¥29,859,100 11/19/13 Westinghouse May Join U.K. Nuc... 11/03/13 Fear of 'Showrooming' Fades 09/12/13 Apple Supplier Japan Display P... More quote details and news » 6502.TO in Your Value Your Change Short position , is seeking a majority stake in the project and "has made a solid offer," one of the people said.

Iberdrola has also talked with other potential buyers, such as Korea Electric Power Co. 015760.SE +0.31% Korea Electric Power Corp. S. Korea: KRX KRW31950 +100 +0.31% Nov. 20, 2013 3:00 pm Volume : 6.04M P/E Ratio N/A Market Cap KRW19130.53 Billion Dividend Yield N/A Rev. per Employee KRW2,674,770,000 11/19/13 Korea Sells Stakes of Formerly... 11/19/13 Korea Sells Stakes of Formerly... More quote details and news » 015760.SE in Your Value Your Change Short position and Russia's Rosatom, but the discussions didn't go far as the U.K. government had made it clear that it favored "a Western solution," people familiar with the discussions said.

In October, the U.K. government struck a deal with Electricité de France, EDF.FR -0.15% Electricite de France S.A. France: Paris €26.62 -0.04 -0.15% Nov. 20, 2013 9:33 am Volume : 50,551 P/E Ratio 14.37 Market Cap €49.60 Billion Dividend Yield 0.75% Rev. per Employee €492,820 11/19/13 Westinghouse May Join U.K. Nuc... 10/21/13 EDF to Build New Nuclear Power... 10/21/13 EDF's Limited Nuclear Fallout More quote details and news » EDF.FR in Your Value Your Change Short position working with French state-controlled nuclear engineering company Areva SA AREVA.FR +0.26% Areva S.A. France: Paris €17.30 +0.04 +0.26% Nov. 20, 2013 9:29 am Volume : 5,721 P/E Ratio N/A Market Cap €6.73 Billion Dividend Yield N/A Rev. per Employee €210,156 11/19/13 Westinghouse May Join U.K. Nuc... 10/29/13 French Men Held in Niger Are F... 09/09/13 Cameco Delays Cigar Lake Urani... More quote details and news » AREVA.FR in Your Value Your Change Short position as well as China General Nuclear Corp. and China National Nuclear Corp. to build and run new nuclear reactors. The terms of that contract, which offers EDF a high guaranteed price for its power, were seen as a litmus test for the viability of new nuclear plants in the U.K.

GDF Suez Chairman and Chief Executive Gerard Mestrallet said recently that the survival of NuGen's plans for new nuclear plants would very much depend on the EDF contract.

Once the deal has been clinched, the NuGen consortium will still face several hurdles.

To start, NuGen will likely need to ask the U.K. government for an extension on its option on the land where it wants to build the new power station as it is unlikely to meet a deadline to submit a planning application for it before the end of 2014, according to people in the industry.

Westinghouse also needs to get its AP1000 nuclear reactor licensed for use in the U.K., and that process could take several years.

A spokesman for Westinghouse couldn't immediately be reached. No one at Iberdrola was immediately available to comment, while a spokesman for Toshiba said the company doesn't comment on specific projects.

-Mari Iwata in Tokyo contributed to this article.

Write to Selina Williams at [e-mail]

[waldron] 19/11/2013 05:08

18 November 2013 /TODAY'S ZAMAN, İSTANBUL
French energy firm GDF Suez is considering making investments worth $8 billion in Turkey in the coming years as Ankara increases its appeal as a safe energy corridor in the region, Energy Minister Taner Yıldız said on Monday.
Yıldız is in Paris to participate in an International Energy Agency (IEA) meeting; Turkey begins its interim presidency term at the Paris-based IAE platform this week. "Turkey is becoming a critical energy transfer hub for Europe and its suppliers to the East. We are excited to diversify the sources and means of energy transport, and the IAE presidency serves this goal," Yıldız told reporters on Monday in Paris. Underlining that the country has sought to attract new investments, the minister said GDF Suez shared plans to possibly make an investment of around $8 billion in Turkish energy markets. Yıldız said there is the potential for foreign companies to invest $118 billion in Turkish energy markets.

"We will maintain contact with various foreign partners to use this potential," he said.

Earlier this year, GDF Suez was interested in a bid to build Turkey's second nuclear power plant with a projected investment of $20-25 billion. Turkey, however, awarded the project to a Japanese firm. Prior to that, Ankara rejected requests by two French firms for involvement in Turkish nuclear power projects in 2012 amid Turkish anger at a French bill making it illegal to deny that the mass killing of Armenians by Ottoman Turks a century ago was genocide.

GDF's energy services unit employs nearly 80,000 staff, over half its total staff count, and is expanding abroad through acquisitions, most recently with the 190 million pound purchase of the facilities management unit of Britain's Balfour Beatty.

Yıldız is scheduled to meet other French energy firms in Paris. As interim president, Ankara will be responsible for moderating among 28 members on such issues as energy security, development and environmental awareness.

[ariane] 17/11/2013 09:13

The hydraulic fracturing of shale in search of oil and gas has hardly started outside the U.S., but that's changing.

A record 400 shale wells may be drilled beyond U.S. borders in 2014, with most in China and Russia, according to energy consultants Wood Mackenzie Ltd. While that's a fraction of the thousands of shale wells drilled in the U.S., the number of rigs used onshore in Europe and the Asia-Pacific region has increased 10 percent over the past year, data compiled by oil services company Baker Hughes Inc. show. Most of those rigs are meant for shale, Bloomberg Businessweek reports in its Nov. 18 issue.

4:40 Nov. 14 (Bloomberg) -- PRI Senator Francisco Yunes talks about the outlook for Mexico's energy legislation. He speaks with Bloomberg's Carlos Manuel Rodriquez at the Value Investment Forum in Mexico City. (This report is in Spanish. Source: Bloomberg)
."It's likely there will be a revolution," Maria van der Hoeven, executive director at the Paris-based International Energy Agency, said in an interview in London. "But not everywhere at the same time. And you just can't copy the U.S. experience."

Fracking in the U.K. will start next year, after the government lifted an 18-month moratorium imposed when a drilling company found it had accidentally caused earthquakes. Two utilities -- Centrica Plc (CNA) of Britain and GDF Suez (GSZ) SA of France - - have bought stakes in the country's drilling licenses to help bankroll the drillers and win a cut of any profit.

"History repeats itself, yes, but nothing is ever the same," said Christof Ruehl, chief economist at BP Plc (BP/) in London. "There's going to be developments outside the U.S. and North America which will be big and important, no doubt. But it will take some time."

Shale Boom
The shale boom has moved the U.S. closer to energy independence, added jobs, helped revive manufacturing, and lowered gas bills. Yet the conditions that fostered the U.S.'s success don't exist in Europe and Asia. In some countries landowners don't own the oil and gas in the ground: the state retains all mineral rights. Or a country may levy much heavier taxes than the U.S. on oil and gas profits.

Once they start fracking, though, countries such as China, Argentina, and Russia could experience new oil and gas booms.

China has the largest shale gas reserves, estimated at 1,115 trillion cubic feet, followed by Argentina at 802 trillion cubic feet. In shale oil, Russia tops the list with about 75 billion barrels, according to a report by the U.S. Energy Information Administration. Australia, Poland, and Algeria all have big potential.

Argentina may be the first to capitalize on its shale resources with production expected as early as 2015, according to research by BCG, the Boston Consulting Group.

Oil Players
Fracking outside the U.S. is likely to be good for the big oil players. Royal Dutch Shell Plc (RDSA) teamed up with China National Petroleum Corp. this year to explore in Sichuan, the province that accounts for 40 percent of China's shale reserves. Hess Corp. (HES) is exploring with CNPC in the western Xinjiang region. YPF SA, the Argentine oil company, has joined with Chevron Corp. (CVX) and Dow Chemical Co. (DOW) to tap deposits in the south American country's vast Vaca Muerta formation.

"Within three to five years, there should be exponential growth in drilling as there was in the U.S.," Edward Morse, head of commodities research at Citigroup Inc., said in an interview. "The big problem isn't replicating the geology, it's replicating the critical ingredients that got the American shale revolution going."

To contact the reporters on this story: Brian Swint in London at [e-mail]; Nidaa Bakhsh in London at [e-mail]

To contact the editor responsible for this story: Will Kennedy at [e-mail]

[waldron] 14/11/2013 19:57

La publication des résultats sur neuf mois de GDF Suez a laissé une impression mitigée aux analystes de Natixis, qui ont réitéré jeudi leur opinion "Neutre" et leur objectif de cours de 17,50 euros sur le groupe électro-gazier

[waldron] 14/11/2013 09:10

GDF Suez enters Brazil gas exploration, buys 20% stake from ValeLondon (Platts)--14Nov2013/347 am EST/847 GMT




France's GDF Suez has signed an agreement with mining company Vale to buy its 20% stake in two gas exploration blocks in the Parnaiba onshore basin in northeast Brazil, GDF Suez said Thursday.

The Asset Purchase Agreement covers a site of over 6,000 square km and marks GDF Suez's first acquisition of exploration and production assets in Brazil.

The company did not disclose the value of the transaction or prospective volumes.

BP and Petrobras each hold 40% of the exploration licence, which is split into Blocks 2 and 3 of areas 3,067 sq km and 3,065 sq km.

The region is relatively underexplored and according to GDF Suez, the area has "high potential of natural gas." BP is operator of Block 2 and Petrobras is operator of Block 3, and one exploration well in each of the two blocks is scheduled by March 2014.

Mauricio Bahr, GDF Suez Country Manager in Brazil, said the group's international experience in upstream activities would combine with its significant presence in the Brazilian electricity market to give it a strong position in the South American country. "We expect natural gas to play a key role in the Brazilian energy mix going forward, and therefore direct access to gas is an important enhancement to GDF Suez," Bahr said.

--Robin Sayles, [e-mail] --Edited by Jonathan Fox, [e-mail]

[waldron] 14/11/2013 08:35

RWE AG (>> RWE AG) on Thursday pledged to deepen its savings push with further job and investment cuts, after lower third-quarter results showed renewable power generation and a weak European economy continue to weigh on profits.

RWE, Germany's largest power producer by capacity, said it expects its conventional power generation business will remain under intense pressure from increased competition from subsidized renewable energies that have eroded power prices.

"Our objective is to cushion the effects of the unfavorable market conditions for our power plants," said Chief Executive Peter Terium.

The company said it seeks to reduce costs by a further 1 billion euros ($1.3 billion) over the next four years, adding that this should boost its operating profit by around EUR500 million from 2017.

The new cost cutting push will build on an expiring program that aims to wring savings of EUR1 billion through 2014. These savings will be achieved partly by reducing the company's workforce by over 6,500, that will come on top of the around 8,000 jobs that have already been reduced by the end of this year. RWE employs around 67,000 people worldwide.

In the third quarter, RWE swung to a net loss of EUR370 million compared to a profit of EUR296 million a year earlier. Revenue edged 0.5% higher to EUR10.93 billion, driven by higher gas sales amid cool weather.

Like other European utilities, RWE is struggling with a glut in capacity as wind farms and solar plants, subsidized by many governments, have come on stream. Excess power generation capacity, combined with poor energy demand in a sluggish European economy, have eroded power prices considerably, dragging down earnings.

Apart from savings, job cuts and reduced investment, RWE has responded by shutting down loss-making power plants. In September, it also said it would cut this year's dividend in half, aiming to pay EUR1 per share compared with EUR2 for 2012, and would reduce its payout ratio in coming years.

RWE isn't alone in struggling to earn money with conventional power plants that are being muscled out of the market by expanding renewable energies like wind and solar.

German rival E.ON SE (>> E.ON SE) Wednesday warned that the tough market environment means its full-year profit would be at the low end of the range previously forecast. Also, France's GDF Suez SA (>> GDF SUEZ) announced impairment charges on its fleet of power plants and gas storage facilities that will hit earnings this year, as muted energy demand and low prices have diminished the value of its assets.

Write to Jan Hromadko at [e-mail]