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DAXX:EOAN, Sep 26, 09:34 UTC

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Shell selects E.ON to operate Texas Wind Farm

EOAN RDSB +1 more EOAN RDSB RDSA

HOUSTON, Sept. 25, 2018 /PRNewswire/ -- Brazos Wind Ventures, LLC, a subsidiary of Shell Wind Energy ("Shell"), has signed an operations and maintenance contract with E.ON Energy Services LLC (EES) for its site near Fluvanna, Texas. E.ON will perform scheduled maintenance and trouble-shooting for the site in daily coordination with Brazos. "Shell is a responsible and experienced owner of wind farms with which E.ON is excited to forge a collaborative working relationship," said John Franklin, Senior Vice President E.ON North America Operations. We expect to see other owners follow Shell's lead in exploring this approach," Franklin added. "As an owner ourselves, we understand how important it is to control costs and maintain production. We are confident this partnership will help Brazos accomplish both."

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Tuesday, September 18


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Uniper: Germany's Uniper says in talks on Wilhelmshaven LNG terminal, Energy News, ET EnergyWorld

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FRANKFURT/DUESSELDORF: German utility Uniper is ready to import liquefied natural gas (LNG) into the country and distribute it should a terminal be built at Wilhelmshaven, close to its storage facilities, board member Keith Martin told Reuters in an interview. Such plans put Uniper in competition with RWE which said earlier this month it had secured capacity to import LNG at a planned terminal in Brunsbuettel, for which a final investment decision would be made next year. Uniper would not invest in the terminal itself but it would become the buyer and distributor of the gas, Martin said. Ordering FSRUs rather than building onshore LNG facilities is cheaper, quicker and more flexible as the vessel can be moved to a different location when not needed. Uniper says it favours Wilhelmshaven due to its access to the continental pipeline system and storage facilities such as its own plant at Etzel, giving it advantage over other projects, including another on the inland Elbe river port of Stade.

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Monday, September 17


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Germany's Uniper says in talks on Wilhelmshaven LNG terminal

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FRANKFURT/DUESSELDORF, Sept 17 (Reuters) - German utility Uniper is ready to import liquefied natural gas (LNG) into the country and distribute it should a terminal be built at Wilhelmshaven, close to its storage facilities, board member Keith Martin told Reuters in an interview. Such plans put Uniper in competition with RWE which said earlier this month it had secured capacity to import LNG at a planned terminal in Brunsbuettel, for which a final investment decision would be made next year. "We are talking to a wide range of people, including the U.S." He said he was "confident" that there would be further news about the project in the fourth quarter but that for now, details and third parties were commercially sensitive. Uniper would not invest in the terminal itself but it would become the buyer and distributor of the gas, Martin said. Ordering FSRUs rather than building onshore LNG facilities is cheaper, quicker and more flexible as the vessel can be moved to a different location when not needed.

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Friday, September 14


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Uniper hires Rothschild to explore sale of French unit - source

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FILE PHOTO: A logo of German energy utility company Uniper SE is pictured in the company's headquarter in Duesseldorf, Germany, March 8, 2018. (Reuters) - German energy group Uniper has mandated investment bank Rothschild to explore a sale of its French assets, a person with direct knowledge of the matter said, under pressure from a planned exit from coal-fired power. Uniper, in which Finland's Fortum owns a 47 percent stake, last month said it would have to review its business in France if the coal shutdown goes ahead. The Frankfurter Allgemeine Zeitung earlier reported that Uniper had mandated Rothschild to explore the French sale.

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Tuesday, September 11


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Germany's Uniper sees merit in building LNG terminal at Wilhelmshaven

TRI EOAN

FRANKFURT: Germany's Uniper on Tuesday said it favours a for liquefied natural gas (LNG) terminal at the Wilhelmshaven deep sea port on the North Sea coast, less than a week after peer RWE said it secured access to capacity should a rival project at Brunsbuettel go ahead. He cited the port's ability to offer infrastructure for LNG vessels of all sizes and its proximity to the German long-distance gas pipeline grids and underground storage caverns in the northern state of Lower Saxony where most gas is produced. The other two are Brunsbuettel further north in Schleswig-Holstein on the mouth of the Kiel canal that links the North Sea with the Baltic Sea, and the inland Elbe river port Stade, which houses chemical companies. The LNG business so far has not made economic sense in Germany, whose operators received small quantities through participation in Dutch and Belgian terminals. But global gas prices have risen in the wake of oil price rallies, encouraging the development of LNG infrastructure.

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Wednesday, August 08


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E.ON Stock Dips On Weak H1 Profit; Backs FY18 Outlook

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E.ON Stock Dips On Weak H1 Profit; Backs FY18 Outlook. Looking ahead, the energy supplier affirmed forecast for full year 2018, noting that all the key figures and developments for the entire Group are in line with plan. E.ON continues to expect the full-year adjusted EBIT to be between 2.8 billion euros and 3 billion euros and its adjusted net income to be between 1.3 billion euros and 1.5 billion euros. For the first half, income attributable to shareholders was 2.70 billion euros, down 30 percent from 3.87 billion euros last year. Renewables' sales rose from last year primarily because of an increase in output due to the commissioning of new onshore and offshore wind farms.

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E.ON: E.ON flags fierce retail competition after in line results, Energy News, ET EnergyWorld

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FRANKFURT: E.ON, Germany's biggest energy group by market value, warned competition for household clients remained stiff after publishing first-half results that were in line with expectations on Wednesday. To gain scale and better compete in the embattled market for retail electricity clients in Europe, E.ON in March unveiled plans to break up peer Innogy with rival RWE and take on the company's customer business. "Our core business - Energy Networks, Customer Solutions, and Renewables - delivered good results, even though we continue to face fierce competition, primarily in our customer solutions business," Chief Financial Officer Marc Spieker said. Adjusted EBIT at E.ON's Customer Solutions segment still rose 8 percent to 477 million euros in the period, against a 474 million analyst forecast, and the unit added about 100,000 household clients year-on-year, the group said.

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E.ON SE: E.ON increases first-half earnings and affirms forecast

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Adjusted net income of EUR1,052 million surpassed the prior-year figure of EUR881 million by EUR171 million, or 19 percent. Forecast for 2018 financial year affirmed At the presentation of E.ON's Interim Report for the first half of 2018 in Essen, E.ON CFO Marc Spieker affirmed the company's forecast for the 2018 financial year: "Our core business - Energy Networks, Customer Solutions, and Renewables - delivered good results, even though we continue to face fierce competition, primarily in our customer solutions business. A special item in the low double-digit million range partially offset an anticipated decline in earnings due to regulatory reasons. However, E.ON expects this segment's earnings to decline somewhat more significantly as the year goes forward. Debt reduced further Compared with the figure at year-end 2017 (EUR19.2 billion), E.ON reduced its economic net debt by EUR3.4 billion, or 18 percent, to roughly EUR15.9 billion. "We'll use this balance-sheet flexibility to implement the transaction we agreed on with RWE in March. When it closes, it will create a new E.ON and an even more powerful company, a company focusing on smart grids and innovative customer solutions and fully dedicated to serving its customers," Spieker said.

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Thursday, August 02


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E.ON: E.ON's German energy retail unit says it added 50,000 clients in H1, Energy News, ET EnergyWorld

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FRANKFURT, Aug 2 (Reuters) - German utility E.ON said on Thursday it had added more than 50,000 retail electricity and gas customers in the first half of 2018 as a strategy aimed at attracting households to buying additional services was paying off. "We do not just supply power and gas, but products that offer additional value to make the home intelligent and ready for decentralised energy supply," she said in an interview. E.ON Energie, with six million existing customers, is among the biggest players in a retail market with 40 million end distribution accounts and around 1,280 players in electricity and 970 in gas. E.ON found younger customers were keen on purely renewable energy, which was possible for the E.ON unit as it also markets power on behalf of green producers in the wholesale market, gaining access to large volumes.

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Wednesday, August 01


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CEO to take break from running Germany's Uniper for cancer treatment

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"Klaus Schaefer has informed the Chairman of the Supervisory Board, Dr. Bernhard Reutersberg, that he is suffering from cancer and that the treatment will take several months," Uniper said in a statement on Wednesday. Uniper's supervisory and management boards will now arrange how to divide up Schaefer's duties during his absence, the company said in a short statement. Schaefer, 51, has been CEO since Jan 1, 2016, when the company began operating as a separate unit of E.ON (EONGn.DE). He has vowed to defend the energy group's independence, after Finnish rival Fortum (FORTUM.HE) agreed a 3.8 billion euro deal to buy around 47 percent of Uniper from E.ON.

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