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N100:ENGI, May 20, 11:30 UTC

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Friday, May 18


News

Engie says to end engineering contracts in Iran by November

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Engie says to end engineering contracts in Iran by November. PARIS (Reuters) - French gas and power group Engie <ENGIE.PA> said on Friday it would end its engineering contracts in Iran by November. President Donald Trump’s withdrawal of the United States from the nuclear accord with Iran and his order that sanctions be reimposed on Tehran have led several European companies to announce their exit from the country, including French oil major Total <TOTF.PA> earlier this week. Engie CEO Isabelle Kocher said at a shareholders' meeting that the utility has no infrastructures in Iran but has engineering teams working there for clients.

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Deal of the year: Engie - Risk.net

ENGIE ENGI

Key to its success is the firm’s ability to anticipate not just market changes but the “shifting expectations of clients with regard to how energy services ought to be delivered”, says Mircea Caratas, Paris-based chief commercial trading officer. “Investment in renewable energy – solar and wind power mainly – has transformed the market and, without understanding and having specific solutions to better forecast these renewable markets, it’s very difficult for players to be successful in today’s market,” he says. “On the producing side, we work with the asset developers on long-term offtake facilities or contracts, committing Engie to offtake power over the long term at fixed prices, which helps developers to finance these assets,” Caratas says, explaining that the volume risk inherent in renewable energy production often makes it difficult for developers to secure a fixed price and therefore attract investor financing. “As intermittent renewable generation and price volatility drive value-creation on intraday markets, more counterparties have been drawn to this offering.” In 2017, for example, Engie structured deals for short-term optimisation and market access services for two power plants in Italy with capacities of 240 megawatt and 150MW.

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Engie CEO says will work closely with new chairman

ENGIE ENGI

PARIS (Reuters) - Engie chief executive Isabelle Kocher said she would work closely with new board chairman Jean-Pierre Clamadieu, who formally takes up his position on Friday. "A newspaper headline today 'Kocher-Clamadieu, will it be duel or duo?' Well, I can tell you it will be duo," Kocher said at the gas and power utility's annual general shareholders meeting. Kocher had campaigned to combine the CEO and board chair roles after the former's chairman retirement. She also reiterated that the company will announce a new strategy plan for 2030 at the end of this, at the end of its 2016-18 strategy plan under which the firm has sold nearly 15 billion euros (13.1 billion pounds) worth of fossil fuel-related assets in order to focus more on renewables, energy services and grids. What to read next.

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Tuesday, May 15


News

Engie in talks with Petrobras on TAG gas pipeline

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May 15 (Reuters) - French gas and power group Engie said it is in talks with Brazilian state-controlled oil company Petroleo Brasileiro SA to buy Petrobras' gas pipeline network Transportadora Associada de Gas (TAG). Confirming a Reuters report, Engie chief executive Isabelle Kocher said on an analyst call that the company - which has major investments in Brazil hydro power - wants to diversify its Brazilian activities and had made an offer for the network. She added the talks are not based on exclusivity yet and are set to continue in coming months. If Engie wins the competition, it would make the acquisition with partners, she said. Engie is also starting to develop an energy services activity in the country. Sources told Reuters earlier this month that in order to comply with rules established by a federal audit court, Petrobras will in June invite the other two groups that presented bids - led by Australia's Macquarie Group and UAE's Mubadala Development Co - to offer new bids for the pipeline, based on the contract negotiated with Engie.

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Utility Engie's Q1 earnings rise 3 pct

ENGIE ENGI

May 15 (Reuters) - Gas and power utility Engie said strong growth in French renewable power production and retail sales boosted its first-quarter core earnings by three percent, in line with expectations. First-quarter revenue rose 1.2 percent to 17.5 billion euros ($20.9 billion), while core earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 3.0 percent to 3.2 billion euros. A Thomson Reuters poll of seven analysts had forecast EBITDA of 3.13 billion euros and current operating income of 2.15 billion euros. Engie also confirmed its 2018 earnings guidance for 2.45-2.65 billion euros of net recurring income, core earnings of 9.3-9.7 billion euros and a cash dividend of 0.75 euros per share.

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Monday, May 07


News

FMI Represents Unity International Group in Acquisition by ENGIE North America

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"Unity has earned a reputation of highly efficient, reliable and responsive project execution and service for customers who include blue-chip financial institutions, healthcare providers, general contractors and construction companies, and transportation operators, having several of these customers for more than 25 years," said Frank Demaille, President and CEO of ENGIE North America. Building off a strong legacy of leadership by long-time Chairman and CEO Peter Striano, newly-appointed Unity CEO and President Joseph Tranchina shared excitement over the next chapter of the company under ENGIE. "In my role as President and COO for the past four years, I have been fortunate to be part of an industry-leading team improving the electrical and data needs of some of the world's most admired organizations. Under Peter Striano's leadership, Unity has been intent on finding a long-term, new company home where our ongoing growth is supported by both national and global reach. As a new part of the ENGIE family of companies, Unity is now better positioned than ever to continue delivering electrical construction, data and telecom, IT, and critical safety and security systems in a dynamic region characterized by high energy demand." About FMI Corporation:. For over 65 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.

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ENGIE North America Begins Construction of Live Oak Wind Project in Texas

ENGIE ENGI

With a total capacity of approximately 200 MW, Live Oak is part of the Infinity Renewables portfolio recently acquired by ENGIE North America. The total capital investment of the project is approximately $200 million and will generate significant benefits to the local area, with annual payments to landowners, purchases of local goods and services, donations to the Schleicher County Independent School District, and payments to the various taxing entities over the life of the project. “We are thrilled to break ground on the Live Oak project so soon after completing our sale to ENGIE,” said Matt Riley, Senior Vice President and Head of U.S. Wind Development at ENGIE North America. About ENGIE in North America Inc.ENGIE North America manages a range of energy businesses in the United States and Canada, including clean power generation and cogeneration, retail energy sales, and comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense.

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FMI Represents Unity International Group in Acquisition by ENGIE North America

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The company is headquartered in Flushing, near New York City and has offices in East Rutherford, New Jersey and Naples, Florida. "Unity has earned a reputation of highly efficient, reliable and responsive project execution and service for customers who include blue-chip financial institutions, healthcare providers, general contractors and construction companies, and transportation operators, having several of these customers for more than 25 years," said Frank Demaille, President and CEO of ENGIE North America. "In my role as President and COO for the past four years, I have been fortunate to be part of an industry-leading team improving the electrical and data needs of some of the world's most admired organizations. Under Peter Striano's leadership, Unity has been intent on finding a long-term, new company home where our ongoing growth is supported by both national and global reach. As a new part of the ENGIE family of companies, Unity is now better positioned than ever to continue delivering electrical construction, data and telecom, IT, and critical safety and security systems in a dynamic region characterized by high energy demand." About FMI Corporation:. For over 65 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.

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Thursday, May 03


News

Petrobras and Engie to enter exclusive talks for Brazil pipeline -sources

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Petrobras and Engie to enter exclusive talks for Brazil pipeline -sources. (Adds that other groups will have the chance to offer new bids after discussions with Engie). SAO PAULO, May 3 (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks with France's Engie SA for the sale of Petrobras' gas pipeline network Transportadora Associada de Gás, five people with knowledge of the matter said on Thursday. To comply with rules established by a federal audit court, in June, Petrobras will invite the other two groups that presented bids, led by Australia's Macquarie Group and UAE's Mubadala Development Co, to offer new bids for the pipeline, based on the sale contract negotiated with Engie.

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Tuesday, May 01


News

ENGIE North America Acquires Unity International Group

ENGIE ENGI

HOUSTON--(BUSINESS WIRE)--ENGIE North America Inc. today announced it has acquired Unity International Group, a premier electrical construction and maintenance provider. “Unity has earned a reputation of highly efficient, reliable, and responsive project execution and service for customers who include blue-chip financial institutions, healthcare providers, general contractors and construction companies, and transportation operators, having several of these customers for more than 25 years,” said Frank Demaille, President and CEO of ENGIE North America. “With ENGIE’s strategic incorporation of skilled electrical and mechanical firms into our suite of energy service offerings, ENGIE is focused on leveraging Unity’s track record of highly successful projects to develop best-in-class results for our customers across the U.S.,” shared John Mahoney, CEO and President of ENGIE Services U.S. “The expertise of the Unity team enhances ENGIE’s ability to develop and deliver customer-centric energy services with integrated solutions unique in the industry.”. Under Peter Striano’s leadership, Unity has been intent on finding a long-term, new company home where our ongoing growth is supported by both national and global reach. As a new part of the ENGIE family of companies, Unity is now better positioned than ever to continue delivering electrical construction, data and telecom, IT, and critical safety and security systems in a dynamic region characterized by high energy demand.”.

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