Steffen Bukold | EnergyComment

30 September 2019

Italian oil&gas major ENI in turbulent times

By Steffen Bukold|2019-10-04T17:17:56+02:00Monday, 30 September 2019|Categories: #BigE100|Tags: Eni, Exxonmobil, MainstreamRP, Vår Energi|0 Comments

Busy days for Italian oil and gas giant Eni ranging from good to not so good news.

Eni is a second-tier supermajor with 1.9 boe/d oil and gas production and assets worldwide. Three parallel developments have characterized the last few days: new fossil investment, renewable plans and fossil heritage.

1.
Billions for Norway and the Barent Sea: Vår Energi (68.6% ENI-owned) acquires ExxonMobil´s upstream assets in Norway for $4.5 billion. The deal comprises 150.000 boe/d production effectively doubling Eni´s equity production. Eni is now the second-largest oil and gas producer in Norway after state-owned Equinor (Statoil).

ExxonMobil, like other supermajors such as Chevron and ConocoPhillips, is disposing of non-core assets to raise cash and reduce risk. US supermajors are moving capital closer to home to invest in US shale basins, or in global LNG assets.

2.
Eni has entered a far-reaching agreement with global renewables developer MainstreamRP to develop large-scale RE projects in the UK (offshore wind), Asia and Africa. The move mimics similar investments by oil majors.

Eni targets a 1.6GW renewable generation capacity by 2022 and 5 GW by 2025. In the […]

30 September 2019

#BigE100: Our regular reporting on 100 big energy companies across industries

By Steffen Bukold|2019-09-30T14:02:03+02:00Monday, 30 September 2019|Categories: #BigE100, company strategies, Global Energy Briefing|0 Comments

Starting today we will regularly report on 100 big energy companies across industries, from oil to gas, wind, solar and batteries: #BigE100 . We will focus on four aspects:

Company strategies
Energy transition towards low-carbon solutions
Shifting value chains across energy industries and beyond
Capital market indicators (stock performance, investors, benchmarking)

Read short news for free on our twitter account (@energycomment) or here on our website. Or read systematic news and background analysis, embedded into market and industry developments, in our very affordable, bi-weekly newsletter Global Energy Briefing (English and German version available - subscription details here: newsletter).

16 September 2019

Global Energy Briefing No 180: International Energy Markets in August/September (Deutsch/English)

By Steffen Bukold|2019-09-17T19:12:01+02:00Monday, 16 September 2019|Categories: coal markets, international coal markets, international gas markets, international oil markets, oil industry, oil markets, oil price, Saudi Arabia|0 Comments

All you need to know: Our first newsletter after the summer break, Global Energy Briefing No 180 (32pp) covers the latest trends in international oil, gas and coal markets, including the attack on the oil infrastructure in Saudi Arabia.

We provide a first assessment of the Abqaiq assault and look at the overall oil supply and demand picture. Our second focus is the stubborn weakness of European gas markets and the (related) trends in global LNG markets. Finally, we examine the events in global hard coal markets, China in particular. We conclude with a brief look at the latest surge in European power prices and the downturn in carbon prices.

Please find more on our newsletter subscription options here, or follow us on Twitter here. The newsletter is available in ENGLISH and in GERMAN.

19 July 2019

Global Energy Briefing No 179: International Energy Markets in July (Deutsch/English)

By Steffen Bukold|2019-07-27T15:24:24+02:00Friday, 19 July 2019|Categories: coal markets, international gas markets, Newsletter, oil markets|0 Comments

All you need to know: Our second July newsletter Global Energy Briefing No 179 (32pp) covers the latest trends in international oil, gas and coal markets. We focus on recent oil price movements, OPEC and US shale oil outlook; the second focus is on European gas and global LNG markets as well as the recent coal revival in Asia. We conclude

11 July 2019

Global Energy Briefing No 178: World Energy Statistics – The Race between Renewable and Fossil Energy

By Steffen Bukold|2019-07-27T15:11:12+02:00Thursday, 11 July 2019|Categories: Newsletter, Statistics|0 Comments

Our early July newsletter Global Energy Briefing (No.178, 14pp) is based on the results of BP´s recent "Statistical Review of World Energy 2019". The short newsletter presents the most interesting numbers and findings in a limited number of easily comprehensible charts - ideal for presentation or illustration.

25 June 2019

Global Energy Briefing No 177: Big Energy Companies – Strategies, Benchmarks, News (deutsch/english)

By Steffen Bukold|2019-07-27T15:11:35+02:00Tuesday, 25 June 2019|Categories: Allgemein, company strategies, Newsletter, Unternehmensstrategien|Tags: Adani, Adnoc, Anadarko, Brookfield, CATL, Chevron, CNRL, Devon, EDF, EDP, Eletrobras, Enel, Engie, Gazprom, GCL Poly, Goldwind, Iberdrola, Longi Solar, Ming Yang, Northvolt, Novatek, OMV, Petrobras, Saudi Aramco, SEwind, Siemens Gamesa, SK Innovation, Statkraft, Suzlon, URE, Vestas, Wintershall DEA|0 Comments

Our June newsletter Global Energy Briefing (No.177, 32pp) focuses on our sample of 100 global big energy companies.
Topics are among others: Downstream strategies of Western oil majors and NOCs....the consolidation of the global wind industry...re-positioning strategies of leading PV cell/module...transition steps of European utilities...
Companies featured in this newsletter:
- Saudi Aramco, OMV, Adnoc, Chevron, Phillips 66, Petrobras, Devon, CNRL, Wintershall DEA, Anadarko, Adani,
- Gazprom, Novatek,
- Xinjiang Goldwind, Siemens Gamesa, Vestas, Suzlon, Ming Yang, SEwind (Shanghai Electric), Brookfield,
- LONGi Solar, URE, GCL Poly,
- Enel, Engie, EDF, Statkraft, Eletrobras, EDP, Iberdrola,
- CATL, SK Innovation, Northvolt

13 June 2019

Saudi Aramco: Net profits of $111 billion

By Steffen Bukold|2019-06-13T17:53:35+02:00Thursday, 13 June 2019|Categories: oil industry, Saudi Arabia|Tags: Saudi Aramco|0 Comments

Saudi Aramco published its financial numbers for 2018. They dwarf even the largest Western and Chinese oil majors in some respects: Net income 2018: $111.1bn (+46% year on year) Revenues 2018: $355.9bn (+35% year on year)...

12 June 2019

Wind industry: Suzlon declines Vestas takeover offer despite heavy debt burden

By Steffen Bukold|2019-06-12T12:49:47+02:00Wednesday, 12 June 2019|Categories: India, wind turbines|Tags: Senvion, Suzlon, Vestas|0 Comments

Suzlon rejected the $1.1bn offer even after defaulting on debt payments. But Suzlon has a lot to offer and Vestas definitely wants to enter the promising Indian wind turbine market... (more)

7 June 2019

Utilities: Power giant Enel exits Russian coal

By Steffen Bukold|2019-06-07T17:36:08+02:00Friday, 7 June 2019|Categories: company strategies, utilities|Tags: Enel, Russia, Utilities|0 Comments

Italian power giant Enel has announced the sale of Russia´s largest coal plant Reftinskaya (3.8 GW) to leading Siberian power and heat utility Kuzbassenergo, owned by SGC (SUEK), for "at least" RUB21bn (approx. $320m). Enel is the 2nd largest global utility. The company recently...

31 May 2019

Global Energy Briefing No 176: Energy Markets and Company Strategies – Deutsch/English

By Steffen Bukold|2019-06-05T19:41:09+02:00Friday, 31 May 2019|Categories: coal price, company strategies, electric vehicle sales, gas price, Global Energy Briefing, investment strategies, investment trends, Newsletter, oil price|0 Comments

Our second May newsletter Global Energy Briefing (No.176, 38pp) covers the latest trends in international fossil and renewable markets. From the sell-off in oil and gas markets to the latest EV sales numbers and investment strategies.

About Steffen Bukold